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Cato Corporation, Grindrod Shipping Holdings Ltd., Another 6 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Cato Corporation (CATO), Grindrod Shipping Holdings Ltd. (GRIN), Calamos Global Dynamic Income Fund (CHW) have the highest dividend yield stocks on this list.

Financial Asset Forward Dividend Yield Updated (EST)
Cato Corporation (CATO) 13.88% 2024-08-24 17:09:05
Grindrod Shipping Holdings Ltd. (GRIN) 10.02% 2024-08-20 07:10:05
Calamos Global Dynamic Income Fund (CHW) 8.58% 2024-08-30 16:41:06
Allete (ALE) 4.45% 2024-08-24 04:17:05
NewJersey Resources Corporation (NJR) 3.64% 2024-08-27 11:06:05
Royal Bank Of Canada (RY) 3.5% 2024-09-01 03:16:29
AvalonBay Communities (AVB) 3.01% 2024-09-01 03:13:57
OFG Bancorp (OFG) 2.22% 2024-08-27 16:41:06

A little less 2K companies listed in the Nasdaq and NYSE pay out dividends to its shareholders. The dividend yield is a dividend to price ratio showing how much a company pays out in dividends each year.

1. Cato Corporation (CATO) – Dividend Yield: 13.88%

Cato Corporation’s last close was $4.90, 42.89% below its 52-week high of $8.58. Intraday change was -0.2%.

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce Websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 30, 2021, the company operated 1,330 stores in 33 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.

Earnings Per Share

As for profitability, Cato Corporation has a trailing twelve months EPS of $-0.85.

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 -8.76%.

Volume

Today’s last reported volume for Cato Corporation is 26931 which is 80.28% below its average volume of 136619.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Jun 10, 2024, the estimated forward annual dividend rate is 0.68 and the estimated forward annual dividend yield is 13.88%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 7.8%, now sitting on 678.87M for the twelve trailing months.

Moving Average

Cato Corporation’s value is under its 50-day moving average of $5.23 and way under its 200-day moving average of $6.01.

More news about Cato Corporation.

2. Grindrod Shipping Holdings Ltd. (GRIN) – Dividend Yield: 10.02%

Grindrod Shipping Holdings Ltd.’s last close was $14.20, 4.7% below its 52-week high of $14.90. Intraday change was -0.14%.

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.

Earnings Per Share

As for profitability, Grindrod Shipping Holdings Ltd. has a trailing twelve months EPS of $-0.49.

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 -3.61%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 9.1%, now sitting on 387.1M for the twelve trailing months.

More news about Grindrod Shipping Holdings Ltd..

3. Calamos Global Dynamic Income Fund (CHW) – Dividend Yield: 8.58%

Calamos Global Dynamic Income Fund’s last close was $6.99, 2.78% below its 52-week high of $7.19. Intraday change was 0.86%.

Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in growth stocks of companies across all market capitalizations, as well as in higher yield corporate bonds, government bonds, convertibles, and alternative investments such as arbitrage and call writes. The fund employs both fundamental and quantitative analysis, focusing on such factors as source, sustainability, and risk of investment opportunities to create its portfolio. It benchmarks the performance of its portfolio against the MSCI World Index and Merrill Lynch Global Broad Markets Index. The fund was formerly known as Calamos Global Diversified Income & Opportunities Fund. Calamos Global Dynamic Income Fund was formed on April 10, 2007 and is domiciled in the United States.

Earnings Per Share

As for profitability, Calamos Global Dynamic Income Fund has a trailing twelve months EPS of $1.23.

PE Ratio

Calamos Global Dynamic Income Fund has a trailing twelve months price to earnings ratio of 5.73. Meaning, the purchaser of the share is investing $5.73 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 17.56%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 44.5%, now sitting on 12.48M for the twelve trailing months.

Yearly Top and Bottom Value

Calamos Global Dynamic Income Fund’s stock is valued at $7.05 at 10:15 EST, below its 52-week high of $7.19 and way above its 52-week low of $5.07.

Volume

Today’s last reported volume for Calamos Global Dynamic Income Fund is 97325 which is 24.86% below its average volume of 129525.

More news about Calamos Global Dynamic Income Fund.

4. Allete (ALE) – Dividend Yield: 4.45%

Allete’s last close was $63.30, 3.89% under its 52-week high of $65.86. Intraday change was -0.05%.

ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.

Earnings Per Share

As for profitability, Allete has a trailing twelve months EPS of $3.84.

PE Ratio

Allete has a trailing twelve months price to earnings ratio of 16.48. Meaning, the purchaser of the share is investing $16.48 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 4.65%.

Yearly Top and Bottom Value

Allete’s stock is valued at $63.30 at 10:15 EST, under its 52-week high of $65.86 and way higher than its 52-week low of $49.29.

Moving Average

Allete’s worth is under its 50-day moving average of $63.47 and higher than its 200-day moving average of $60.47.

Dividend Yield

As stated by Morningstar, Inc., the next dividend payment is on Aug 15, 2024, the estimated forward annual dividend rate is 2.82 and the estimated forward annual dividend yield is 4.45%.

More news about Allete.

5. NewJersey Resources Corporation (NJR) – Dividend Yield: 3.64%

NewJersey Resources Corporation’s last close was $46.17, 2.53% under its 52-week high of $47.37. Intraday change was -0.31%.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

Earnings Per Share

As for profitability, NewJersey Resources Corporation has a trailing twelve months EPS of $2.38.

PE Ratio

NewJersey Resources Corporation has a trailing twelve months price to earnings ratio of 19.34. Meaning, the purchaser of the share is investing $19.34 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 11.39%.

Volatility

NewJersey Resources Corporation’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.13%, a negative 0.11%, and a positive 0.89%.

NewJersey Resources Corporation’s highest amplitude of average volatility was 0.13% (last week), 0.96% (last month), and 0.89% (last quarter).

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 193.3% and 17.6%, respectively.

More news about NewJersey Resources Corporation.

6. Royal Bank Of Canada (RY) – Dividend Yield: 3.5%

Royal Bank Of Canada’s last close was $120.78, 0.28% below its 52-week high of $121.12. Intraday change was -1.82%.

Earnings Per Share

As for profitability, Royal Bank Of Canada has a trailing twelve months EPS of $7.94.

PE Ratio

Royal Bank Of Canada has a trailing twelve months price to earnings ratio of 12.41. Meaning, the purchaser of the share is investing $12.41 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 13.68%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Royal Bank Of Canada’s stock is considered to be oversold (<=20).

Volume

Today’s last reported volume for Royal Bank Of Canada is 761013 which is 38.13% below its average volume of 1230050.

Previous days news about Royal Bank Of Canada

  • According to Zacks on Friday, 30 August, "Royal Bank Of Canada price-consensus-eps-surprise-chart | Royal Bank Of Canada Quote"

More news about Royal Bank Of Canada.

7. AvalonBay Communities (AVB) – Dividend Yield: 3.01%

AvalonBay Communities’s last close was $225.73, 0.2% below its 52-week high of $226.18. Intraday change was -1.17%.

Earnings Per Share

As for profitability, AvalonBay Communities has a trailing twelve months EPS of $6.56.

PE Ratio

AvalonBay Communities has a trailing twelve months price to earnings ratio of 28.02. Meaning, the purchaser of the share is investing $28.02 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 7.14%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, AvalonBay Communities’s stock is considered to be oversold (<=20).

More news about AvalonBay Communities.

8. OFG Bancorp (OFG) – Dividend Yield: 2.22%

OFG Bancorp’s last close was $45.09, 5.21% below its 52-week high of $47.57. Intraday change was -0.29%.

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Earnings Per Share

As for profitability, OFG Bancorp has a trailing twelve months EPS of $4.07.

PE Ratio

OFG Bancorp has a trailing twelve months price to earnings ratio of 11.05. Meaning, the purchaser of the share is investing $11.05 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 16.52%.

Sales Growth

OFG Bancorp’s sales growth is 12.7% for the present quarter and 18.2% for the next.

Moving Average

OFG Bancorp’s value is above its 50-day moving average of $41.11 and way higher than its 200-day moving average of $37.26.

Revenue Growth

Year-on-year quarterly revenue growth grew by 6.2%, now sitting on 642.14M for the twelve trailing months.

More news about OFG Bancorp.

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