(VIANEWS) – AllianzGI Convertible & Income Fund (NCV), Nuveen New York AMT (NRK), First Financial Bankshares (FFIN) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. The payout ratio in itself isn’t a promise of a future good investment but it’s an indicator of whether dividends are being paid and how the company chooses to distribute 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. AllianzGI Convertible & Income Fund (NCV)
462.78% Payout Ratio
Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianzGI Convertible & Income Fund has a trailing twelve months EPS of $0.09.
PE Ratio
AllianzGI Convertible & Income Fund has a trailing twelve months price to earnings ratio of 37.22. Meaning, the purchaser of the share is investing $37.22 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 1.88%.
Moving Average
AllianzGI Convertible & Income Fund’s worth is higher than its 50-day moving average of $3.22 and higher than its 200-day moving average of $3.20.
Volume
Today’s last reported volume for AllianzGI Convertible & Income Fund is 776561 which is 30.57% above its average volume of 594734.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jul 11, 2024, the estimated forward annual dividend rate is 0.41 and the estimated forward annual dividend yield is 12.48%.
Yearly Top and Bottom Value
AllianzGI Convertible & Income Fund’s stock is valued at $3.35 at 14:23 EST, below its 52-week high of $3.59 and way higher than its 52-week low of $2.84.
2. Nuveen New York AMT (NRK)
53.81% Payout Ratio
Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) New York Municipal Bond Index and the Standard & Poor's (S&P) Insured National Municipal Bond Index. It was formerly known as Nuveen New York AMT-Free Municipal Income Fund. Nuveen New York AMT-Free Quality Municipal Income Fund was formed on July 29, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen New York AMT has a trailing twelve months EPS of $0.84.
PE Ratio
Nuveen New York AMT has a trailing twelve months price to earnings ratio of 13.13. Meaning, the purchaser of the share is investing $13.13 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 7.09%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.3%, now sitting on 76.06M for the twelve trailing months.
Moving Average
Nuveen New York AMT’s worth is higher than its 50-day moving average of $10.88 and above its 200-day moving average of $10.41.
Yearly Top and Bottom Value
Nuveen New York AMT’s stock is valued at $11.03 at 14:23 EST, under its 52-week high of $11.20 and way above its 52-week low of $8.95.
Volume
Today’s last reported volume for Nuveen New York AMT is 71209 which is 41.21% below its average volume of 121136.
3. First Financial Bankshares (FFIN)
51.8% Payout Ratio
First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations. It also provides drive-in and night deposit, remote deposit capture, internet and mobile banking, payroll cards, transmitting funds, and other customary commercial banking services, as well as automated teller machines and safe deposit facilities. In addition, the company offers personal trust services, including wealth management, administration of estates, testamentary trusts, revocable and irrevocable trusts, and agency accounts; and securities brokerage services, as well as administer retirements and employee benefits accounts, such as 401(k) profit-sharing plans and IRAs. Further, the company provides asset management and technology services. As of December 31, 2021, it had 78 financial centers across Texas. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.
Earnings Per Share
As for profitability, First Financial Bankshares has a trailing twelve months EPS of $1.39.
PE Ratio
First Financial Bankshares has a trailing twelve months price to earnings ratio of 20.55. Meaning, the purchaser of the share is investing $20.55 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 13.95%.
Moving Average
First Financial Bankshares’s value is under its 50-day moving average of $29.66 and under its 200-day moving average of $28.87.
Yearly Top and Bottom Value
First Financial Bankshares’s stock is valued at $28.56 at 14:23 EST, way under its 52-week high of $33.15 and way higher than its 52-week low of $22.84.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 0.72 and the estimated forward annual dividend yield is 2.52%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6%, now sitting on 488.49M for the twelve trailing months.
Previous days news about First Financial Bankshares (FFIN)
- According to Zacks on Thursday, 18 July, "For the quarter ended June 2024, First Financial Bankshares (FFIN Quick QuoteFFIN – Free Report) reported revenue of $137.11 million, up 6.5% over the same period last year. "
4. BanColombia S.A. (CIB)
39.32% Payout Ratio
Bancolombia S. A. provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides investment banking services comprising project and acquisition finance, debt and equity capital markets, principal investments, M&A, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment trust, custody, and corporate trust; and digital banking platform, transportation, securities brokerage, maintenance and remodeling, advertising and marketing, and outsourcing services, as well as credit cards. As of December 31, 2020, it operated 1,057 branches; 18,631 banking correspondents; 535 PAMs; 215 kiosks in El Salvador and 137 in Colombia; and 6,124 automatic teller machines. Bancolombia S.A. was incorporated in 1945 and is headquartered in MedellÃn, Colombia.
Earnings Per Share
As for profitability, BanColombia S.A. has a trailing twelve months EPS of $6.33.
PE Ratio
BanColombia S.A. has a trailing twelve months price to earnings ratio of 5.31. Meaning, the purchaser of the share is investing $5.31 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 16.3%.
Moving Average
BanColombia S.A.’s worth is below its 50-day moving average of $34.26 and higher than its 200-day moving average of $31.79.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.1%, now sitting on 21.09T for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is 2.1% and a drop 7.2% for the next.
Volume
Today’s last reported volume for BanColombia S.A. is 139805 which is 46.58% below its average volume of 261731.
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%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, 1’s stock is considered to be overbought (>=80).
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
