(VIANEWS) – Dana Holding Corporation (DAN), Rexford Industrial Realty (REXR), Nuveen New York AMT (NRK) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up until now. The payout ratio in itself isn’t a promise 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. Dana Holding Corporation (DAN)
444.44% Payout Ratio
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It offers sealing solutions, thermal-management technologies, and digital solutions to vehicle and engine manufacturers. The company operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers front drive steer rigid axles, rear drive rigid axles, driveshafts/propshafts, front/rear drive units, AWD systems, power transfer units, electromechanical propulsion systems, EV gearboxes, and differentials for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides steer and drive axles, driveshafts, tire inflation systems, high and low voltage motors and inverters, vehicle integration services, and connected software solutions for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment manufactures front and rear axles; driveshafts; transmissions; torque converters; wheel, track, and winch planetary drives; industrial gear boxes; custom gears and shifting solutions; tire inflation systems; electronic controls; hydraulic valves, pumps and motors; and EV motors and inverter for use in construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary applications. The Power Technologies segment offers gaskets, cover modules, heat shields, engine sealing systems, cooling products, and heat transfer products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio.
Earnings Per Share
As for profitability, Dana Holding Corporation has a trailing twelve months EPS of $0.09.
PE Ratio
Dana Holding Corporation has a trailing twelve months price to earnings ratio of 138. Meaning, the purchaser of the share is investing $138 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 0.93%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 9, 2024, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 3.07%.
2. Rexford Industrial Realty (REXR)
142.89% Payout Ratio
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 371 properties with approximately 45.0 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member.
Earnings Per Share
As for profitability, Rexford Industrial Realty has a trailing twelve months EPS of $1.1.
PE Ratio
Rexford Industrial Realty has a trailing twelve months price to earnings ratio of 40.64. Meaning, the purchaser of the share is investing $40.64 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 3.13%.
Sales Growth
Rexford Industrial Realty’s sales growth for the next quarter is 14.2%.
Yearly Top and Bottom Value
Rexford Industrial Realty’s stock is valued at $44.70 at 02:23 EST, way under its 52-week high of $58.02 and higher than its 52-week low of $41.56.
Revenue Growth
Year-on-year quarterly revenue growth grew by 15%, now sitting on 825.69M for the twelve trailing months.
3. Nuveen New York AMT (NRK)
53.81% Payout Ratio
Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) New York Municipal Bond Index and the Standard & Poor's (S&P) Insured National Municipal Bond Index. It was formerly known as Nuveen New York AMT-Free Municipal Income Fund. Nuveen New York AMT-Free Quality Municipal Income Fund was formed on July 29, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen New York AMT has a trailing twelve months EPS of $0.84.
PE Ratio
Nuveen New York AMT has a trailing twelve months price to earnings ratio of 12.73. Meaning, the purchaser of the share is investing $12.73 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 7.09%.
4. TrustCo Bank Corp NY (TRST)
51.61% Payout Ratio
TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts. As of December 31, 2020, it operated 148 banking offices and 164 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.
Earnings Per Share
As for profitability, TrustCo Bank Corp NY has a trailing twelve months EPS of $2.79.
PE Ratio
TrustCo Bank Corp NY has a trailing twelve months price to earnings ratio of 9.93. Meaning, the purchaser of the share is investing $9.93 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 8.39%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 38.4% and a negative 26%, respectively.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 7, 2024, the estimated forward annual dividend rate is 1.44 and the estimated forward annual dividend yield is 5.27%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 20.5%, now sitting on 178.4M for the twelve trailing months.
5. Targa Resources (TRGP)
41.24% Payout Ratio
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is also involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2023, it leased and managed approximately 605 railcars; 137 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.
Earnings Per Share
As for profitability, Targa Resources has a trailing twelve months EPS of $4.85.
PE Ratio
Targa Resources has a trailing twelve months price to earnings ratio of 24.18. Meaning, the purchaser of the share is investing $24.18 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 30.18%.
Sales Growth
Targa Resources’s sales growth is 3.2% for the ongoing quarter and 2.6% for the next.
Yearly Top and Bottom Value
Targa Resources’s stock is valued at $117.26 at 02:23 EST, under its 52-week high of $119.68 and way above its 52-week low of $69.44.
6. CDW Corporation (CDW)
30.21% Payout Ratio
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. It also provides hardware products comprising notebooks/mobile devices, tablets, network communications, desktop computers, collaboration, data storage and servers, and others; and software products, such as cloud solutions, software assurance, application suites, security, virtualization, operating systems, and network management. In addition, the company offers advisory and design, software development, implementation, managed, professional, configuration, partner, and telecom services, as well as warranties; delivers and manages mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. CDW Corporation was founded in 1984 and is headquartered in Vernon Hills, Illinois.
Earnings Per Share
As for profitability, CDW Corporation has a trailing twelve months EPS of $8.11.
PE Ratio
CDW Corporation has a trailing twelve months price to earnings ratio of 29.95. Meaning, the purchaser of the share is investing $29.95 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 58.81%.
Yearly Top and Bottom Value
CDW Corporation’s stock is valued at $242.91 at 02:23 EST, under its 52-week high of $263.37 and way above its 52-week low of $170.04.
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%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, 1’s stock is considered to be overbought (>=80).
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jan 1, 1970, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
