(VIANEWS) – CNO Financial Group (CNO), HNI Corporation (HNI), Canadian Imperial Bank of Commerce (CM) 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 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. CNO Financial Group (CNO)
114% Payout Ratio
CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed index annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.
Earnings Per Share
As for profitability, CNO Financial Group has a trailing twelve months EPS of $0.5.
PE Ratio
CNO Financial Group has a trailing twelve months price to earnings ratio of 45.88. Meaning, the purchaser of the share is investing $45.88 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 2.52%.
Volume
Today’s last reported volume for CNO Financial Group is 952046 which is 47.95% above its average volume of 643489.
2. HNI Corporation (HNI)
78.53% Payout Ratio
HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.
Earnings Per Share
As for profitability, HNI Corporation has a trailing twelve months EPS of $1.63.
PE Ratio
HNI Corporation has a trailing twelve months price to earnings ratio of 20.16. Meaning, the purchaser of the share is investing $20.16 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 10.66%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 9.4%, now sitting on 2.21B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 11.3% and positive 30.2% for the next.
Volume
Today’s last reported volume for HNI Corporation is 216022 which is 7.29% below its average volume of 233012.
Moving Average
HNI Corporation’s value is below its 50-day moving average of $33.43 and way above its 200-day moving average of $29.60.
3. Canadian Imperial Bank of Commerce (CM)
69.53% Payout Ratio
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; investment and insurance services; and credit cards, as well as mobile, online, and overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and private wealth, and international banking services; foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
Earnings Per Share
As for profitability, Canadian Imperial Bank of Commerce has a trailing twelve months EPS of $3.53.
PE Ratio
Canadian Imperial Bank of Commerce has a trailing twelve months price to earnings ratio of 9.98. Meaning, the purchaser of the share is investing $9.98 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 9.45%.
Yearly Top and Bottom Value
Canadian Imperial Bank of Commerce’s stock is valued at $35.23 at 17:23 EST, way below its 52-week high of $48.85 and above its 52-week low of $34.35.
Sales Growth
Canadian Imperial Bank of Commerce’s sales growth for the current quarter is 6.4%.
4. Madison Covered Call & Equity Strategy Fund (MCN)
59.5% Payout Ratio
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Madison Covered Call & Equity Strategy Fund has a trailing twelve months EPS of $1.21.
PE Ratio
Madison Covered Call & Equity Strategy Fund has a trailing twelve months price to earnings ratio of 5.59. Meaning, the purchaser of the share is investing $5.59 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 17.45%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 55.1%, now sitting on 3.45M for the twelve trailing months.
5. Avenue Income Credit Strategies Fund (ACP)
57.42% Payout Ratio
Avenue Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.
Earnings Per Share
As for profitability, Avenue Income Credit Strategies Fund has a trailing twelve months EPS of $-0.52.
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 -3.35%.
Yearly Top and Bottom Value
Avenue Income Credit Strategies Fund’s stock is valued at $5.72 at 17:23 EST, way under its 52-week high of $8.63 and above its 52-week low of $5.71.
Moving Average
Avenue Income Credit Strategies Fund’s value is way below its 50-day moving average of $6.71 and way below its 200-day moving average of $6.96.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Oct 22, 2023, the estimated forward annual dividend rate is 1.2 and the estimated forward annual dividend yield is 20.98%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 23.1%, now sitting on 31.88M for the twelve trailing months.
6. Eastman Chemical Company (EMN)
52.87% Payout Ratio
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
Earnings Per Share
As for profitability, Eastman Chemical Company has a trailing twelve months EPS of $5.92.
PE Ratio
Eastman Chemical Company has a trailing twelve months price to earnings ratio of 12.26. Meaning, the purchaser of the share is investing $12.26 for every dollar of annual earnings.
Revenue Growth
Year-on-year quarterly revenue growth declined by 16.3%, now sitting on 9.38B for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 13, 2023, the estimated forward annual dividend rate is 3.16 and the estimated forward annual dividend yield is 4.51%.
Yearly Top and Bottom Value
Eastman Chemical Company’s stock is valued at $72.58 at 17:23 EST, way below its 52-week high of $92.21 and above its 52-week low of $68.89.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 29.3% and positive 73% 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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
