(VIANEWS) – Berry Corporation (BRY), MFS High Income Municipal Trust (CXE), Paychex (PAYX) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio at the moment. The payout ratio in itself isn’t a promise of 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 are a few stocks with an above 30% percent payout ratio.
1. Berry Corporation (BRY)
2433.33% Payout Ratio
Berry Corporation, an independent upstream energy company, engages in the development and production of conventional oil reserves in the western United States. It operates through Exploration and Production (E&P), and Well Servicing and Abandonment (CJWS) segments. The E&P segment engages in the development and production of onshore, low geologic risk, and long-lived conventional oil and gas reserves primarily located in California and Utah. CJWS provides wellsite services in California to oil and natural gas production companies with a focus on well servicing, well abandonment services, and water logistics; and offers rig-based and coiled tubing-based well maintenance and workover services, recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. The company was founded in 1909 and is headquartered in Dallas, Texas.
Earnings Per Share
As for profitability, Berry Corporation has a trailing twelve months EPS of $0.03.
PE Ratio
Berry Corporation has a trailing twelve months price to earnings ratio of 228.67. Meaning, the purchaser of the share is investing $228.67 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 0.44%.
Volume
Today’s last reported volume for Berry Corporation is 627030 which is 41.45% below its average volume of 1070960.
Yearly Top and Bottom Value
Berry Corporation’s stock is valued at $6.86 at 02:23 EST, way below its 52-week high of $8.94 and way above its 52-week low of $6.07.
2. MFS High Income Municipal Trust (CXE)
90% Payout Ratio
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.
Earnings Per Share
As for profitability, MFS High Income Municipal Trust has a trailing twelve months EPS of $0.18.
PE Ratio
MFS High Income Municipal Trust has a trailing twelve months price to earnings ratio of 21.33. Meaning, the purchaser of the share is investing $21.33 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 4.51%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Aug 13, 2024, the estimated forward annual dividend rate is 0.17 and the estimated forward annual dividend yield is 4.46%.
3. Paychex (PAYX)
78.16% Payout Ratio
Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
Earnings Per Share
As for profitability, Paychex has a trailing twelve months EPS of $4.58.
PE Ratio
Paychex has a trailing twelve months price to earnings ratio of 26.86. Meaning, the purchaser of the share is investing $26.86 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 46.35%.
Yearly Top and Bottom Value
Paychex’s stock is valued at $123.00 at 02:23 EST, below its 52-week high of $129.92 and way higher than its 52-week low of $106.27.
Revenue Growth
Year-on-year quarterly revenue growth grew by 5.3%, now sitting on 5.28B for the twelve trailing months.
4. Dorian LPG Ltd. (LPG)
52.84% Payout Ratio
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of March 31, 2020, its fleet consisted of twenty-four VLGCs. The company was founded in 2013 and is headquartered in Stamford, Connecticut.
Earnings Per Share
As for profitability, Dorian LPG Ltd. has a trailing twelve months EPS of $7.57.
PE Ratio
Dorian LPG Ltd. has a trailing twelve months price to earnings ratio of 4.76. Meaning, the purchaser of the share is investing $4.76 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 30.62%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 8, 2024, the estimated forward annual dividend rate is 4 and the estimated forward annual dividend yield is 11.11%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.8%, now sitting on 560.84M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 69.7% and a negative 35.9%, respectively.
5. Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ)
43.74% Payout Ratio
Nuveen New Jersey 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 Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. 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 Jersey Municipal Bond Index. The fund was formerly known as Nuveen New Jersey Dividend Advantage Municipal Fund. Nuveen New Jersey Quality Municipal Income Fund was formed on June 1, 1999 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months EPS of $0.91.
PE Ratio
Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months price to earnings ratio of 13.92. Meaning, the purchaser of the share is investing $13.92 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 6.59%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 3.1%, now sitting on 36M for the twelve trailing months.
6. Woori Bank (WF)
38.41% Payout Ratio
Woori Financial Group Inc., together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits, certificates of deposit, and repurchase instruments; and working capital, facilities, general purpose household, mortgage, and home equity loans. It also offers debit and credit cards, cash services, card loans, and related services; lease financing; and securities operation, sale of financial instruments, project financing, and other related solutions. In addition, the company provides credit purchase, cash advance, credit card loans, foreign exchange services and dealing, import and export-related services, offshore lending, syndicated loans and foreign currency securities investment, investment trust products, bancassurance, and private equity funds. Further, it is involved in the real estate, system software development and maintenance, financing, credit information, securities investment and trading, derivatives trading, asset securitization, investment and international banking, money transfer, and other service. Additionally, the company offers automated telephone, Internet, and mobile banking services; and trust management, trustee, and custodian service. Woori Financial Group Inc. was founded in 1899 and is headquartered in Seoul, South Korea.
Earnings Per Share
As for profitability, Woori Bank has a trailing twelve months EPS of $6.69.
PE Ratio
Woori Bank has a trailing twelve months price to earnings ratio of 4.87. Meaning, the purchaser of the share is investing $4.87 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 7.57%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 28, 2024, the estimated forward annual dividend rate is 2.63 and the estimated forward annual dividend yield is 8.07%.
Volume
Today’s last reported volume for Woori Bank is 27026 which is 59.18% below its average volume of 66217.
Yearly Top and Bottom Value
Woori Bank’s stock is valued at $32.57 at 02:23 EST, way below its 52-week high of $36.21 and way higher than its 52-week low of $24.94.
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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
Volume
Today’s last reported volume for 1 is 1 which is 1% above its average volume of 1.
