(VIANEWS) – Blackrock MuniAssets Fund (MUA), Nuveen California AMT (NKX), Deswell Industries (DSWL) 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 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 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. Blackrock MuniAssets Fund (MUA)
279.47% Payout Ratio
BlackRock MuniAssets Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes. The fund was formerly known as MuniAssets Fund, Inc. BlackRock MuniAssets Fund, Inc. was formed on June 25, 1993 and is domiciled in United States.
Earnings Per Share
As for profitability, Blackrock MuniAssets Fund has a trailing twelve months EPS of $0.19.
PE Ratio
Blackrock MuniAssets Fund has a trailing twelve months price to earnings ratio of 61.37. Meaning, the purchaser of the share is investing $61.37 for every dollar of annual earnings.
Yearly Top and Bottom Value
Blackrock MuniAssets Fund’s stock is valued at $11.66 at 08:23 EST, below its 52-week high of $11.94 and way higher than its 52-week low of $8.61.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jul 15, 2024, the estimated forward annual dividend rate is 0.67 and the estimated forward annual dividend yield is 5.72%.
2. Nuveen California AMT (NKX)
61.59% Payout Ratio
Nuveen California 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 Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen California AMT has a trailing twelve months EPS of $0.85.
PE Ratio
Nuveen California AMT has a trailing twelve months price to earnings ratio of 15. Meaning, the purchaser of the share is investing $15 for every dollar of annual earnings.
Moving Average
Nuveen California AMT’s value is higher than its 50-day moving average of $12.20 and higher than its 200-day moving average of $11.61.
Yearly Top and Bottom Value
Nuveen California AMT’s stock is valued at $12.75 at 08:23 EST, below its 52-week high of $13.22 and way higher than its 52-week low of $9.78.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 0.91 and the estimated forward annual dividend yield is 7.29%.
Volume
Today’s last reported volume for Nuveen California AMT is 47934 which is 52.97% below its average volume of 101942.
3. Deswell Industries (DSWL)
41.67% Payout Ratio
Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates in two segments, Plastic Injection Molding and Electronic Products Assembling. The company produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components for electronic entertainment products, power tools, accessories, and outdoor equipment; cases for flashlights, telephones, printers, scanners; parts for industrial components, and indoor control switches, as well as parts for audio equipment, and cases and key tops for personal organizers and remote controls; double injection caps; parts for medical products comprising apparatus for blood tests; laser key caps; automobile components; and plastic components of automatic robot. It also provides electronic products that consist of audio equipment, including digital and analogue mixing consoles, amplifiers, signal processors, audio interfaces, network audio equipment, and speaker enclosures; consumer audio products, such as multi-channel receivers-amplifiers, and wired and wireless audio streaming products; printed circuit board assemblies; and IoT products. The company sells its products primarily in China, the United States, Hong Kong, the United Kingdom, Norway, Holland, Canada, and internationally. Deswell Industries, Inc. was founded in 1987 and is based in Macau.
Earnings Per Share
As for profitability, Deswell Industries has a trailing twelve months EPS of $0.48.
PE Ratio
Deswell Industries has a trailing twelve months price to earnings ratio of 5.04. Meaning, the purchaser of the share is investing $5.04 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 8.39%.
Volume
Today’s last reported volume for Deswell Industries is 12548 which is 22.7% above its average volume of 10226.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jul 5, 2024, the estimated forward annual dividend rate is 0.2 and the estimated forward annual dividend yield is 8%.
4. Cal-Maine Foods (CALM)
33.08% Payout Ratio
Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, and 4-Grain brand names, as well as under private labels. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.
Earnings Per Share
As for profitability, Cal-Maine Foods has a trailing twelve months EPS of $5.69.
PE Ratio
Cal-Maine Foods has a trailing twelve months price to earnings ratio of 12.49. Meaning, the purchaser of the share is investing $12.49 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 16.22%.
Moving Average
Cal-Maine Foods’s value is way above its 50-day moving average of $60.88 and way above its 200-day moving average of $56.11.
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%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 1% and 1%, respectively.
