(VIANEWS) – NextEra Energy Partners, LP (NEP), Blackrock MuniYield Quality Fund (MQY), Putnam Managed Municipal Income Trust (PMM) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up until now. 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 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. NextEra Energy Partners, LP (NEP)
260.91% Payout Ratio
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind, solar, and battery storage projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.
Earnings Per Share
As for profitability, NextEra Energy Partners, LP has a trailing twelve months EPS of $1.32.
PE Ratio
NextEra Energy Partners, LP has a trailing twelve months price to earnings ratio of 20.21. Meaning, the purchaser of the share is investing $20.21 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 negative -0.1%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.9%, now sitting on 1.09B for the twelve trailing months.
Volume
Today’s last reported volume for NextEra Energy Partners, LP is 1362260 which is 11.88% below its average volume of 1546020.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 6, 2024, the estimated forward annual dividend rate is 3.49 and the estimated forward annual dividend yield is 13.1%.
2. Blackrock MuniYield Quality Fund (MQY)
137.93% Payout Ratio
BlackRock MuniYield Quality Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities. BlackRock MuniYield Quality Fund, Inc. was formed on July 21, 1992 and is domiciled in United States.
Earnings Per Share
As for profitability, Blackrock MuniYield Quality Fund has a trailing twelve months EPS of $0.41.
PE Ratio
Blackrock MuniYield Quality Fund has a trailing twelve months price to earnings ratio of 30.07. Meaning, the purchaser of the share is investing $30.07 for every dollar of annual earnings.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jul 15, 2024, the estimated forward annual dividend rate is 0.7 and the estimated forward annual dividend yield is 5.64%.
Moving Average
Blackrock MuniYield Quality Fund’s worth is above its 50-day moving average of $12.08 and higher than its 200-day moving average of $11.71.
Volume
Today’s last reported volume for Blackrock MuniYield Quality Fund is 92615 which is 29.39% below its average volume of 131180.
3. Putnam Managed Municipal Income Trust (PMM)
49.24% Payout Ratio
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.
Earnings Per Share
As for profitability, Putnam Managed Municipal Income Trust has a trailing twelve months EPS of $0.58.
PE Ratio
Putnam Managed Municipal Income Trust has a trailing twelve months price to earnings ratio of 10.66. Meaning, the purchaser of the share is investing $10.66 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 4.83%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 0.3%, now sitting on 19.29M for the twelve trailing months.
4. ChoiceOne Financial Services (COFS)
37.72% Payout Ratio
ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial lending products, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers alternative investment products, which include annuities and mutual funds; and sells insurance policies, such as life and health for commercial and consumer clients. Further, it provides trust and wealth management services. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
Earnings Per Share
As for profitability, ChoiceOne Financial Services has a trailing twelve months EPS of $2.81.
PE Ratio
ChoiceOne Financial Services has a trailing twelve months price to earnings ratio of 9.42. Meaning, the purchaser of the share is investing $9.42 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 11.33%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 0.6%, now sitting on 80.51M for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 1.08 and the estimated forward annual dividend yield is 4.03%.
Yearly Top and Bottom Value
ChoiceOne Financial Services’s stock is valued at $26.46 at 14:23 EST, way below its 52-week high of $32.14 and way higher than its 52-week low of $15.84.
Moving Average
ChoiceOne Financial Services’s value is above its 50-day moving average of $25.49 and higher than its 200-day moving average of $24.97.
5. Great Southern Bancorp (GSBC)
31.56% Payout Ratio
Great Southern Bancorp, Inc. operates as a bank holding company for Great Southern Bank that provides a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts. The company's loan portfolio comprises residential and commercial real estate loans, construction loans, commercial business loans, home improvement loans, and unsecured consumer loans, as well as secured consumer loans, such as automobile loans, boat loans, home equity loans, and loans secured by savings deposits. It also provides insurance and merchant banking services. The company was founded in 1923 and is headquartered in Springfield, Missouri.
Earnings Per Share
As for profitability, Great Southern Bancorp has a trailing twelve months EPS of $5.07.
PE Ratio
Great Southern Bancorp has a trailing twelve months price to earnings ratio of 10.34. Meaning, the purchaser of the share is investing $10.34 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 10.84%.
Sales Growth
Great Southern Bancorp’s sales growth is negative 3% for the present quarter and 2.9% for the next.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 20.4% and a negative 7.5%, respectively.
Moving Average
Great Southern Bancorp’s worth is higher than its 50-day moving average of $52.20 and higher than its 200-day moving average of $52.32.
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%.
Sales Growth
1’s sales growth is 1% for the ongoing quarter and 1% for the next.
Volume
Today’s last reported volume for 1 is 1 which is 1% above its average volume of 1.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
