(VIANEWS) – Cincinnati Financial (CINF), Altria Group (MO), Garmin (GRMN) are the highest payout ratio stocks on this list.
We have congregated information concerning stocks with the highest payout ratio at the moment. The payout ratio in itself isn’t a guarantee of good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue 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. Cincinnati Financial (CINF)
14100% Payout Ratio
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It also provides director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. It also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.
Earnings Per Share
As for profitability, Cincinnati Financial has a trailing twelve months EPS of $0.02.
PE Ratio
Cincinnati Financial has a trailing twelve months price to earnings ratio of 4864. Meaning, the purchaser of the share is investing $4864 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 0.04%.
2. Altria Group (MO)
119.61% Payout Ratio
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores. The company was founded in 1822 and is headquartered in Richmond, Virginia.
Earnings Per Share
As for profitability, Altria Group has a trailing twelve months EPS of $3.11.
PE Ratio
Altria Group has a trailing twelve months price to earnings ratio of 14.24. Meaning, the purchaser of the share is investing $14.24 for every dollar of annual earnings.
Revenue Growth
Year-on-year quarterly revenue growth declined by 1.2%, now sitting on 20.63B for the twelve trailing months.
Sales Growth
Altria Group’s sales growth is 1.3% for the current quarter and negative 2.7% for the next.
Yearly Top and Bottom Value
Altria Group’s stock is valued at $44.30 at 02:23 EST, below its 52-week high of $48.11 and higher than its 52-week low of $40.35.
3. Garmin (GRMN)
58.4% Payout Ratio
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Earnings Per Share
As for profitability, Garmin has a trailing twelve months EPS of $5.
PE Ratio
Garmin has a trailing twelve months price to earnings ratio of 20.71. Meaning, the purchaser of the share is investing $20.71 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 15.24%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Garmin’s EBITDA is 3.72.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Sep 13, 2023, the estimated forward annual dividend rate is 2.92 and the estimated forward annual dividend yield is 2.88%.
4. Rockwell Automation (ROK)
40.49% Payout Ratio
Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services. The Intelligent Devices segment offers drives, motion, safety, sensing, industrial components, and configured-to-order products. The Software & Control segment provides control and visualization software and hardware, information software, and network and security infrastructure solutions. The Lifecycle Services segment provides consulting, professional services and solutions, and connected and maintenance services. The company sells its solutions primarily through independent distributors in relation with its direct sales force. It serves discrete end markets, including automotive, semiconductor, and warehousing and logistics, as well as general industries comprising printing and publishing, marine, glass, fiber and textiles, airports, and aerospace; hybrid end markets, such as food and beverage, life sciences, household and personal care, and tire, as well as eco industrial, including water/wastewater, waste management, mass transit, and renewable energy; and process end markets comprising oil and gas, mining, metals, chemicals, pulp and paper, and others. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.
Earnings Per Share
As for profitability, Rockwell Automation has a trailing twelve months EPS of $11.35.
PE Ratio
Rockwell Automation has a trailing twelve months price to earnings ratio of 28.49. Meaning, the purchaser of the share is investing $28.49 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 40.98%.
Yearly Top and Bottom Value
Rockwell Automation’s stock is valued at $323.32 at 02:23 EST, higher than its 52-week high of $321.94.
Volume
Today’s last reported volume for Rockwell Automation is 338364 which is 55.08% below its average volume of 753422.
Revenue Growth
Year-on-year quarterly revenue growth grew by 25.8%, now sitting on 8.35B for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Rockwell Automation’s EBITDA is 4.81.
