(VIANEWS) – BCE (BCE), Banco Bradesco (BBDO), Provident Financial Services (PFS) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio at the moment. 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 investigating 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. BCE (BCE)
132.65% Payout Ratio
BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communication products and services, as well as consumer electronics products. The Bell Wireline segment offers data, including Internet access and Internet protocol television (IPTV), local telephone, and long distance services, as well as other communication services and products; and satellite TV service and connectivity services. This segment also buys and sells local telephone, long distance, data, and other services from or to resellers and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
Earnings Per Share
As for profitability, BCE has a trailing twelve months EPS of $2.11.
PE Ratio
BCE has a trailing twelve months price to earnings ratio of 21.71. Meaning, the purchaser of the share is investing $21.71 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 12.07%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 13, 2023, the estimated forward annual dividend rate is 2.84 and the estimated forward annual dividend yield is 6.19%.
2. Banco Bradesco (BBDO)
53.98% Payout Ratio
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.
Earnings Per Share
As for profitability, Banco Bradesco has a trailing twelve months EPS of $0.34.
PE Ratio
Banco Bradesco has a trailing twelve months price to earnings ratio of 8.79. Meaning, the purchaser of the share is investing $8.79 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 11.82%.
Previous days news about Banco Bradesco (BBDO)
- According to Zacks on Thursday, 15 June, "Five such companies are – Caterpillar Inc. (CAT Quick QuoteCAT – Free Report) , Banco Bradesco S.A. (BBD Quick QuoteBBD – Free Report) , Itaú Unibanco Holding S.A. (ITUB Quick QuoteITUB – Free Report) , W. R. Berkley Corp. (WRB Quick QuoteWRB – Free Report) and Host Hotels & Resorts Inc. (HST Quick QuoteHST – Free Report) .", "On Jun 14, 2023, Banco Bradesco declared that its shareholders would receive a dividend of $0.0039 per share on Aug 8, 2023. "
3. Provident Financial Services (PFS)
41.56% Payout Ratio
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2019, it operated 83 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
Earnings Per Share
As for profitability, Provident Financial Services has a trailing twelve months EPS of $2.28.
PE Ratio
Provident Financial Services has a trailing twelve months price to earnings ratio of 7.97. Meaning, the purchaser of the share is investing $7.97 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 10.56%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 7.5% and positive 1.7% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2.8%, now sitting on 500.35M for the twelve trailing months.
Yearly Top and Bottom Value
Provident Financial Services’s stock is valued at $18.17 at 14:23 EST, way under its 52-week high of $25.61 and way higher than its 52-week low of $14.54.
4. Valley National Bancorp (VLY)
38.26% Payout Ratio
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as certificates of deposit. The company offers various loan products comprising residential mortgage loans, automobile loans, secured personal lines of credit, and home equity loans; and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. It also invests in securities and interest-bearing deposits with other banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services, such as foreign exchange transactions, documentary collections, foreign wire transfers, and transaction accounts for non-resident aliens. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. The company operates 238 branches in New Jersey, New York, Florida, and Alabama. Valley National Bancorp was founded in 1927 and is based in New York, New York.
Earnings Per Share
As for profitability, Valley National Bancorp has a trailing twelve months EPS of $1.24.
PE Ratio
Valley National Bancorp has a trailing twelve months price to earnings ratio of 6.45. Meaning, the purchaser of the share is investing $6.45 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 10.31%.
Sales Growth
Valley National Bancorp’s sales growth is 7.4% for the current quarter and 1.2% for the next.
Yearly Top and Bottom Value
Valley National Bancorp’s stock is valued at $8.00 at 14:23 EST, way under its 52-week high of $13.07 and way above its 52-week low of $6.39.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 3.1% and a negative 14.3%, respectively.
