Devon Energy, Allete, Another 6 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Devon Energy (DVN), Allete (ALE), Nuveen California AMT (NKX) have the highest dividend yield stocks on this list.

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. Devon Energy (DVN) – Dividend Yield: 6.84%

Devon Energy’s last close was $50.57, 35.84% under its 52-week high of $78.82. Intraday change was 3.29%.

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Earnings Per Share

As for profitability, Devon Energy has a trailing twelve months EPS of $7.32.

PE Ratio

Devon Energy has a trailing twelve months price to earnings ratio of 6.89. Meaning, the purchaser of the share is investing $6.89 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 44.96%.

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2. Allete (ALE) – Dividend Yield: 4.66%

Allete’s last close was $54.95, 18.53% under its 52-week high of $67.45. Intraday change was -1.38%.

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 $3.16.

PE Ratio

Allete has a trailing twelve months price to earnings ratio of 17.39. Meaning, the purchaser of the share is investing $17.39 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 4.23%.

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3. Nuveen California AMT (NKX) – Dividend Yield: 4.51%

Nuveen California AMT’s last close was $11.04, 20.8% under its 52-week high of $13.94. Intraday change was -0.09%.

Nuveen California 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 Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.

Earnings Per Share

As for profitability, Nuveen California AMT has a trailing twelve months EPS of $-2.06.

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 -17.05%.

Volume

Today’s last reported volume for Nuveen California AMT is 136590 which is 43.51% above its average volume of 95172.

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4. Alexandria Real Estate Equities (ARE) – Dividend Yield: 4.3%

Alexandria Real Estate Equities’s last close was $115.77, 32.95% below its 52-week high of $172.65. Intraday change was -0.37%.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. The trusted partner to approximately 825 tenants, Alexandria has a total market capitalization of $30.6 billion and an asset base in North America of 74.9 million SF as of June 30, 2023, which includes 41.1 million RSF of operating properties and 5.3 million RSF of Class A/A+ properties undergoing construction, 9.4 million RSF of near-term and intermediate-term development and redevelopment projects, and 19.1 million SF of future development projects. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in life science, agtech, and advanced technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agrifoodtech, climate innovation, and technology companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.

Earnings Per Share

As for profitability, Alexandria Real Estate Equities has a trailing twelve months EPS of $3.39.

PE Ratio

Alexandria Real Estate Equities has a trailing twelve months price to earnings ratio of 34.14. Meaning, the purchaser of the share is investing $34.14 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 3.4%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Alexandria Real Estate Equities’s EBITDA is 11.22.

Volume

Today’s last reported volume for Alexandria Real Estate Equities is 298799 which is 69.65% below its average volume of 984716.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 59.2% and positive 190.3% for the next.

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5. Campbell Soup Company (CPB) – Dividend Yield: 3.44%

Campbell Soup Company’s last close was $42.92, 25.72% below its 52-week high of $57.78. Intraday change was -0.16%.

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; and Campbell's tomato juice. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.

Earnings Per Share

As for profitability, Campbell Soup Company has a trailing twelve months EPS of $2.62.

PE Ratio

Campbell Soup Company has a trailing twelve months price to earnings ratio of 16.38. Meaning, the purchaser of the share is investing $16.38 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 22.48%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Campbell Soup Company’s EBITDA is 52.87.

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6. The Blackstone Group (BX) – Dividend Yield: 3.43%

The Blackstone Group’s last close was $100.88, 8.28% under its 52-week high of $109.99. Intraday change was 0.46%.

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.

Earnings Per Share

As for profitability, The Blackstone Group has a trailing twelve months EPS of $1.66.

PE Ratio

The Blackstone Group has a trailing twelve months price to earnings ratio of 59.93. Meaning, the purchaser of the share is investing $59.93 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 10.69%.

Volatility

The Blackstone Group’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.48%, a negative 0.27%, and a positive 1.29%.

The Blackstone Group’s highest amplitude of average volatility was 0.94% (last week), 0.95% (last month), and 1.29% (last quarter).

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter is a negative 2.8% and positive 21.5% for the next.

Revenue Growth

Year-on-year quarterly revenue growth grew by 577.7%, now sitting on 6.66B for the twelve trailing months.

Stock Price Classification

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

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7. Magna International (MGA) – Dividend Yield: 3.25%

Magna International’s last close was $56.95, 17.37% under its 52-week high of $68.92. Intraday change was 1.66%.

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

Earnings Per Share

As for profitability, Magna International has a trailing twelve months EPS of $3.24.

PE Ratio

Magna International has a trailing twelve months price to earnings ratio of 17.64. Meaning, the purchaser of the share is investing $17.64 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 8.5%.

Sales Growth

Magna International’s sales growth is 12.3% for the present quarter and 10.8% for the next.

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8. Lear Corporation (LEA) – Dividend Yield: 2.13%

Lear Corporation’s last close was $141.07, 10.66% under its 52-week high of $157.91. Intraday change was 0.64%.

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, South America, and internationally. Its Seating segment offers leather and fabric products, seat covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles. The company's E-Systems segment offers electrical distribution systems that route electrical signals and networks, and manage electrical power within the vehicle for various powertrains, such as traditional internal combustion engine architectures, hybrid, plug-in hybrid, and battery electric architectures. This segment's products comprise wire harnesses, terminals and connectors, and junction boxes; and electronic control modules, such as body control modules, smart junction boxes, gateway modules, wireless receiver and transmitter technology, lighting control modules, audio domain controllers, amplifiers, and communication modules. It also provides electrification products comprising charging systems that include onboard charging modules and cord set charging equipment; battery electronics, which comprise battery disconnect units, cell monitoring supervisory systems, and integrated total battery control modules; and other power management modules, including converter and inverter systems. In addition, this segment offers cybersecurity software; advanced vehicle positioning for automated and autonomous driving applications; roadside modules that communicate real-time traffic information; and cellular protocols for vehicle connectivity, as well as Xevo Journeyware, a platform for the cloud, vehicles, and mobile devices; and connectivity products. The company was founded in 1917 and is headquartered in Southfield, Michigan.

Earnings Per Share

As for profitability, Lear Corporation has a trailing twelve months EPS of $7.07.

PE Ratio

Lear Corporation has a trailing twelve months price to earnings ratio of 20.08. Meaning, the purchaser of the share is investing $20.08 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 12.6%.

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