(VIANEWS) – Extra Space Storage (EXR), Artesian Resources Corporation (ARTNA), Assurant (AIZ) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio as yet. The payout ratio in itself isn’t a guarantee of good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue them.
When investigating a potential investment, the dividend payout ratio is a good statistic to know so here are a few stocks with an above 30% percent payout ratio.
1. Extra Space Storage (EXR)
93.6% Payout Ratio
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2022, the Company owned and/or operated 2,338 self-storage stores in 41 states and Washington, D.C. The Company's stores comprise approximately 1.6 million units and approximately 176.1 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
Earnings Per Share
As for profitability, Extra Space Storage has a trailing twelve months EPS of $6.5.
PE Ratio
Extra Space Storage has a trailing twelve months price to earnings ratio of 23.78. Meaning, the purchaser of the share is investing $23.78 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 23.43%.
Sales Growth
Extra Space Storage’s sales growth is 18.6% for the ongoing quarter and 13.7% for the next.
Yearly Top and Bottom Value
Extra Space Storage’s stock is valued at $154.56 at 14:23 EST, way under its 52-week high of $222.36 and way above its 52-week low of $139.97.
Moving Average
Extra Space Storage’s worth is below its 50-day moving average of $160.33 and below its 200-day moving average of $168.50.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 6.6% and a negative 8.5%, respectively.
2. Artesian Resources Corporation (ARTNA)
57.46% Payout Ratio
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Earnings Per Share
As for profitability, Artesian Resources Corporation has a trailing twelve months EPS of $1.91.
PE Ratio
Artesian Resources Corporation has a trailing twelve months price to earnings ratio of 29.01. Meaning, the purchaser of the share is investing $29.01 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 9.84%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10%, now sitting on 98.9M for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Artesian Resources Corporation’s EBITDA is 83.81.
Yearly Top and Bottom Value
Artesian Resources Corporation’s stock is valued at $55.40 at 14:23 EST, way below its 52-week high of $63.00 and way higher than its 52-week low of $44.08.
Sales Growth
Artesian Resources Corporation’s sales growth is 3.7% for the current quarter and 4% for the next.
3. Assurant (AIZ)
54.26% Payout Ratio
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. The Global Lifestyle segment provides mobile device protection products and services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection and related services; and credit and other insurance services. The Global Housing segment offers lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other specialty products. The Global Preneed segment provides pre-funded funeral insurance, final need insurance, and related services. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Assurant has a trailing twelve months EPS of $5.05.
PE Ratio
Assurant has a trailing twelve months price to earnings ratio of 24.38. Meaning, the purchaser of the share is investing $24.38 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 5.71%.
Volume
Today’s last reported volume for Assurant is 477740 which is 8.7% above its average volume of 439486.
4. BankFinancial Corporation (BFIN)
50% Payout Ratio
BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services. The company accepts various deposit products, including savings, NOW, checking, money market, IRA, and other retirement accounts, as well as certificates of deposit. Its loan products include multi-family and nonresidential real estate, construction and land, and commercial loans and leases; one-to-four family residential mortgage loans, including home equity loans and lines of credit; and consumer loans. The company also provides cash management, funds transfer, bill payment, other online and mobile banking transactions, automated teller machines, safe deposit boxes, trust, wealth management, and general insurance agency services. In addition, it offers financial planning services; and sells property and casualty, and other insurance products on an agency basis. The company operates 19 full-service banking offices located in Cook, DuPage, Lake, and Will Counties, Illinois. BankFinancial Corporation was founded in 1924 and is headquartered in Burr Ridge, Illinois.
Earnings Per Share
As for profitability, BankFinancial Corporation has a trailing twelve months EPS of $0.8.
PE Ratio
BankFinancial Corporation has a trailing twelve months price to earnings ratio of 9.56. Meaning, the purchaser of the share is investing $9.56 for every dollar of annual earnings.
5. Ultrapar Participacoes S.A. (UGP)
41.02% Payout Ratio
Ultrapar Participações S.A. engages in the gas distribution, fuel distribution, and storage businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil. The company's Fuel Distribution segment distributes and markets gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; operates convenience stores; and offers lubricant-changing and automotive specialized services. The company's Storage segment operates liquid bulk terminals primarily in the Southeast and Northeast regions of Brazil. As of December 31, 2021, the company operated through 7,104 Ipiranga service stations and 1,841 AmPm convenience stores; 1,149 Jet Oil franchises; 4 distribution centers; and 7 Ultracargo terminals with storage capacity of 983 thousand cubic meters. It also operates Abastece Aí, a digital payments app; and offers Km de Vantagens, a loyalty program. The company was founded in 1937 and is headquartered in São Paulo, Brazil.
Earnings Per Share
As for profitability, Ultrapar Participacoes S.A. has a trailing twelve months EPS of $0.27.
PE Ratio
Ultrapar Participacoes S.A. has a trailing twelve months price to earnings ratio of 12.19. Meaning, the purchaser of the share is investing $12.19 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 13.59%.
