(VIANEWS) – Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE), Allete (ALE), Westwood Holdings Group (WHG) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to now. The payout ratio in itself isn’t a guarantee of a future good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue them.
When researching a potential investment, the dividend payout ratio is a good statistic to know so here is a list of some companies with an above 30% payout ratio.
1. Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE)
75.68% Payout Ratio
Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options. It invests in stocks of companies operating across diversified sectors. It primarily invests in stocks of large-cap companies with market capitalization within the range of S&P 500 Index. The fund employs quantitative analysis to create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. Nuveen Core Equity Alpha Fund was formed on March 23, 2007 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months EPS of $1.89.
PE Ratio
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months price to earnings ratio of 7.18. Meaning, the purchaser of the share is investing $7.18 for every dollar of annual earnings.
Volume
Today’s last reported volume for Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund is 33586 which is 28.2% below its average volume of 46783.
Moving Average
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund’s worth is below its 50-day moving average of $13.78 and higher than its 200-day moving average of $13.12.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Sep 14, 2023, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 10.47%.
Yearly Top and Bottom Value
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund’s stock is valued at $13.57 at 08:23 EST, below its 52-week high of $14.28 and way higher than its 52-week low of $11.64.
2. Allete (ALE)
63.02% Payout Ratio
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
Earnings Per Share
As for profitability, Allete has a trailing twelve months EPS of $4.3.
PE Ratio
Allete has a trailing twelve months price to earnings ratio of 13.89. Meaning, the purchaser of the share is investing $13.89 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 5.3%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 14, 2024, the estimated forward annual dividend rate is 2.82 and the estimated forward annual dividend yield is 4.72%.
Volume
Today’s last reported volume for Allete is 217349 which is 24.9% below its average volume of 289442.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.4%, now sitting on 1.88B for the twelve trailing months.
3. Westwood Holdings Group (WHG)
51.28% Payout Ratio
Westwood Holdings Group, Inc., through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment. The Trust segment offers trust and custodial services; and participates in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. was founded in 1983 and is based in Dallas, Texas.
Earnings Per Share
As for profitability, Westwood Holdings Group has a trailing twelve months EPS of $1.17.
PE Ratio
Westwood Holdings Group has a trailing twelve months price to earnings ratio of 11.12. Meaning, the purchaser of the share is investing $11.12 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.07%.
Yearly Top and Bottom Value
Westwood Holdings Group’s stock is valued at $13.01 at 08:23 EST, under its 52-week high of $14.20 and way above its 52-week low of $8.91.
Moving Average
Westwood Holdings Group’s value is higher than its 50-day moving average of $12.26 and way higher than its 200-day moving average of $11.26.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Feb 29, 2024, the estimated forward annual dividend rate is 0.6 and the estimated forward annual dividend yield is 4.61%.
4. State Street Corporation (STT)
47.31% Payout Ratio
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds, UCITS, hedge funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
Earnings Per Share
As for profitability, State Street Corporation has a trailing twelve months EPS of $5.58.
PE Ratio
State Street Corporation has a trailing twelve months price to earnings ratio of 13.58. Meaning, the purchaser of the share is investing $13.58 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.94%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 8.8% and positive 9.3% for the next.
1. 1 (1)
1% Payout Ratio
1
Earnings Per Share
As for profitability, 1 has a trailing twelve months EPS of $1.
PE Ratio
1 has a trailing twelve months price to earnings ratio of 1. Meaning, the purchaser of the share is investing $1 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 1%.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jan 1, 1970, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 1% and 1%, respectively.
Sales Growth
1’s sales growth is 1% for the ongoing quarter and 1% for the next.
