(VIANEWS) – Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC), Rexford Industrial Realty (REXR), California Water Service Group (CWT) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to 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 researching 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. Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC)
152.34% Payout Ratio
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on factors such as interest rate levels, conditions and developing trends in the bond and equity markets, analysis of relative valuations for preferred, convertible and other debt instruments, and other economic and market factors, including the overall outlook for the economy and inflation to create its portfolio. The Fund uses leverage .It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. The fund was formerly known as Nuveen Multi-Strategy Income & Growth Fund 2. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Credit Strategies Income Fund Shares of Beneficial Interest has a trailing twelve months EPS of $-0.38.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 4.7%.
2. Rexford Industrial Realty (REXR)
135.71% Payout Ratio
Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.
Earnings Per Share
As for profitability, Rexford Industrial Realty has a trailing twelve months EPS of $1.12.
PE Ratio
Rexford Industrial Realty has a trailing twelve months price to earnings ratio of 43.4. Meaning, the purchaser of the share is investing $43.4 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 3.31%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 27, 2024, the estimated forward annual dividend rate is 1.67 and the estimated forward annual dividend yield is 3.35%.
3. California Water Service Group (CWT)
114.29% Payout Ratio
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, the company offers wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, California Water Service Group has a trailing twelve months EPS of $0.91.
PE Ratio
California Water Service Group has a trailing twelve months price to earnings ratio of 50.32. Meaning, the purchaser of the share is investing $50.32 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 3.73%.
Moving Average
California Water Service Group’s value is under its 50-day moving average of $46.11 and below its 200-day moving average of $48.98.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Feb 9, 2024, the estimated forward annual dividend rate is 1.12 and the estimated forward annual dividend yield is 2.45%.
Yearly Top and Bottom Value
California Water Service Group’s stock is valued at $45.79 at 20:23 EST, way below its 52-week high of $58.72 and above its 52-week low of $43.50.
4. EastGroup Properties (EGP)
114.03% Payout Ratio
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.
Earnings Per Share
As for profitability, EastGroup Properties has a trailing twelve months EPS of $4.43.
PE Ratio
EastGroup Properties has a trailing twelve months price to earnings ratio of 35.95. Meaning, the purchaser of the share is investing $35.95 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 8.79%.
Moving Average
EastGroup Properties’s worth is way under its 50-day moving average of $177.40 and below its 200-day moving average of $175.63.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 2.9% and 11.3%, respectively.
5. Verizon (VZ)
95.82% Payout Ratio
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Verizon has a trailing twelve months EPS of $2.75.
PE Ratio
Verizon has a trailing twelve months price to earnings ratio of 14.44. Meaning, the purchaser of the share is investing $14.44 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 12.99%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 6.7% and a negative 5%, respectively.
Moving Average
Verizon’s value is below its 50-day moving average of $40.50 and higher than its 200-day moving average of $36.79.
Previous days news about Verizon (VZ)
- Verizon communications (vz) Q1 earnings beat estimates. According to Zacks on Monday, 22 April, "While Verizon has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?"
- According to FXStreet on Monday, 22 April, "Of the thirty securities that make up the Dow Jones Industrial Average, only five were in the red on Monday, with Verizon Communications Inc. (VZ) leading the charge into bear country. "
6. Woori Bank (WF)
33.86% 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 $8.7.
PE Ratio
Woori Bank has a trailing twelve months price to earnings ratio of 3.63. Meaning, the purchaser of the share is investing $3.63 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 8.08%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 26.2%, now sitting on 9.5T for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 25.3% and positive 19.9% for the next.
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%.
