(VIANEWS) – Cohen & Steers Reit and (RNP), ONEOK (OKE), First Merchants Corporation (FRME) have the highest dividend yield stocks on this list.
| Financial Asset | Forward Dividend Yield | Updated (EST) |
|---|---|---|
| Cohen & Steers Reit and (RNP) | 8.49% | 2023-12-04 21:06:06 |
| ONEOK (OKE) | 5.62% | 2023-12-21 12:57:35 |
| First Merchants Corporation (FRME) | 3.95% | 2023-12-08 11:06:06 |
| Banc of California (BANC) | 2.86% | 2023-12-18 21:08:07 |
| MDU Resources Group (MDU) | 2.54% | 2023-12-21 13:14:06 |
Almost 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. Cohen & Steers Reit and (RNP) – Dividend Yield: 8.49%
Cohen & Steers Reit and’s last close was $19.40, 19.1% below its 52-week high of $23.98. Intraday change was 0.88%.
Cohen & Steers REIT and Preferred Income Fund, Inc. is a closed-ended balanced mutual fund launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts. For its fixed income portfolio, the fund typically invests in debt and preferred securities of companies operating across diversified sectors. It employs fundamental analysis to create its fixed income portfolio with a focus on the issuer's creditworthiness, corporate and capital structure, placement of the preferred or debt securities within that structure, momentum and other exogenous signals, and relative value versus other income security classes and for its equity portfolio also it employs fundamental analysis to create its portfolio with a focus on growth potential, earnings estimates, and the quality of management. The fund benchmarks the performance of its portfolio against the FTSE NAREIT Equity Index, S&P 500 Index, Merrill Lynch Fixed Rate Preferred Index, and FTSE NAREIT Equity REIT Index. It was formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund. Cohen & Steers REIT and Preferred Income Fund, Inc. was formed on June 27, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, Cohen & Steers Reit and has a trailing twelve months EPS of $-0.31.
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 -9.16%.
Moving Average
Cohen & Steers Reit and’s value is way above its 50-day moving average of $17.09 and above its 200-day moving average of $18.57.
Revenue Growth
Year-on-year quarterly revenue growth grew by 13.2%, now sitting on 59.96M for the twelve trailing months.
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2. ONEOK (OKE) – Dividend Yield: 5.62%
ONEOK’s last close was $68.45, 4.36% below its 52-week high of $71.57. Intraday change was 0.73%.
ONEOK, Inc. engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also provides midstream services to producers of NGLs. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; NGL distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana; and transports refined petroleum products, including unleaded gasoline and diesel from Kansas to Iowa, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space and rail cars. Additionally, it transports, stores, and distributes refined products, NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending, fractionation, and marketing activities. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Earnings Per Share
As for profitability, ONEOK has a trailing twelve months EPS of $5.44.
PE Ratio
ONEOK has a trailing twelve months price to earnings ratio of 12.67. Meaning, the purchaser of the share is investing $12.67 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 21.73%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, ONEOK’s stock is considered to be oversold (<=20).
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3. First Merchants Corporation (FRME) – Dividend Yield: 3.95%
First Merchants Corporation’s last close was $33.95, 22.79% below its 52-week high of $43.97. Intraday change was 1.06%.
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Earnings Per Share
As for profitability, First Merchants Corporation has a trailing twelve months EPS of $4.22.
PE Ratio
First Merchants Corporation has a trailing twelve months price to earnings ratio of 8.13. Meaning, the purchaser of the share is investing $8.13 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 12.61%.
Moving Average
First Merchants Corporation’s value is way above its 50-day moving average of $29.17 and way above its 200-day moving average of $30.22.
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4. Banc of California (BANC) – Dividend Yield: 2.86%
Banc of California’s last close was $13.77, 24.59% below its 52-week high of $18.26. Intraday change was -1.5%.
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family residential mortgage loans; warehouse and indirect/direct leveraged lending; home equity lines of credit; small business administration loans; and other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. Further, it invests in collateralized loan obligations, agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. As of December 31, 2020, the company operated 29 full-service branches in Southern California. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.
Earnings Per Share
As for profitability, Banc of California has a trailing twelve months EPS of $1.75.
PE Ratio
Banc of California has a trailing twelve months price to earnings ratio of 7.87. Meaning, the purchaser of the share is investing $7.87 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 -43.56%.
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5. MDU Resources Group (MDU) – Dividend Yield: 2.54%
MDU Resources Group’s last close was $19.65, 12.86% under its 52-week high of $22.55. Intraday change was 0%.
MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. The company's Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming. Its Natural Gas Distribution segment distributes natural gas for residential, commercial, and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington, and Wyoming; and offers supply related value-added services. The company's Pipeline segment provides natural gas transportation, underground storage, and gathering services through regulated and nonregulated pipeline systems primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Construction Materials and Contracting segment mines, processes, and sells construction aggregates; produces and sells asphalt mix; and supplies ready-mixed concrete. This segment is also involved in the sale of cement, liquid asphalt, finished concrete products, and other building materials and related contracting services. The company's Construction Services segment designs, constructs, and maintains electrical and communication wiring and infrastructure, fire suppression systems, and mechanical piping and services; and overhead and underground electrical distribution and transmission lines, substations, external lighting, traffic signalization, and gas pipelines, as well as engages in the utility excavation activities. This segment also manufactures and distributes transmission line construction equipment; and constructs and maintains renewable energy projects. It serves manufacturing, commercial, industrial, institutional, and government customers, as well as utilities. The company was founded in 1924 and is headquartered in Bismarck, North Dakota.
Earnings Per Share
As for profitability, MDU Resources Group has a trailing twelve months EPS of $2.61.
PE Ratio
MDU Resources Group has a trailing twelve months price to earnings ratio of 7.53. Meaning, the purchaser of the share is investing $7.53 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 16.97%.
Moving Average
MDU Resources Group’s value is higher than its 50-day moving average of $18.97 and below its 200-day moving average of $20.08.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 21.1% and positive 43.5% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
MDU Resources Group’s EBITDA is 0.87.
Yearly Top and Bottom Value
MDU Resources Group’s stock is valued at $19.65 at 01:15 EST, way under its 52-week high of $22.55 and above its 52-week low of $18.04.
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