(VIANEWS) – Gabelli Utility Trust (GUT), Donegal Group (DGICA), Companhia Siderurgica Nacional S.A. (SID) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio as yet. 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. Gabelli Utility Trust (GUT)
684.7% Payout Ratio
The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Utility Trust was formed on July 9, 1999 and is domiciled in United States.
Earnings Per Share
As for profitability, Gabelli Utility Trust has a trailing twelve months EPS of $-0.08.
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 -2.14%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 13, 2024, the estimated forward annual dividend rate is 0.6 and the estimated forward annual dividend yield is 10.93%.
Volume
Today’s last reported volume for Gabelli Utility Trust is 149287 which is 14.45% below its average volume of 174518.
Yearly Top and Bottom Value
Gabelli Utility Trust’s stock is valued at $5.49 at 20:23 EST, way below its 52-week high of $7.38 and way higher than its 52-week low of $4.60.
Revenue Growth
Year-on-year quarterly revenue growth grew by 23.2%, now sitting on 10.67M for the twelve trailing months.
2. Donegal Group (DGICA)
613.64% Payout Ratio
Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles. It also offers homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft; and liability of the insured arising from injury to other persons or their property. In addition, the company offers commercial automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents and protection against loss from damage to automobiles owned by the insured; commercial multi-peril policies that provide protection to businesses against various perils, primarily combining liability and physical damage coverages; and workers' compensation policies, which provide benefits to employees for injuries sustained during employment. The company markets its insurance products through a network of approximately 2,400 independent insurance agencies. Donegal Group Inc. was founded in 1986 and is headquartered in Marietta, Pennsylvania.
Earnings Per Share
As for profitability, Donegal Group has a trailing twelve months EPS of $0.11.
PE Ratio
Donegal Group has a trailing twelve months price to earnings ratio of 126.09. Meaning, the purchaser of the share is investing $126.09 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 0.92%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 7.2%, now sitting on 927.34M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 31, 2024, the estimated forward annual dividend rate is 0.68 and the estimated forward annual dividend yield is 4.89%.
Sales Growth
Donegal Group’s sales growth is 5.1% for the ongoing quarter and 4.4% for the next.
3. Companhia Siderurgica Nacional S.A. (SID)
508.04% Payout Ratio
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates in five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries. It primarily explores for iron ore reserves at Casa de Pedra and Engenho mines located in the city of Congonhas; and limestone and dolomite at the Bocaina mine located in the city of Arcos in the state of Minas Gerais, Brazil, as well as produces tin. In addition, the company operates railway and port facilities; produces and sells cement to construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact producers; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. It also exports its products. The company was incorporated in 1941 and is headquartered in São Paulo, Brazil. Companhia Siderúrgica Nacional operates as a subsidiary of Vicunha Aços S.A.
Earnings Per Share
As for profitability, Companhia Siderurgica Nacional S.A. has a trailing twelve months EPS of $-0.13.
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 -1.15%.
Moving Average
Companhia Siderurgica Nacional S.A.’s worth is under its 50-day moving average of $3.63 and way higher than its 200-day moving average of $2.90.
Volume
Today’s last reported volume for Companhia Siderurgica Nacional S.A. is 1755570 which is 24.97% below its average volume of 2339980.
4. Southwest Gas Corporation (SWX)
116.43% Payout Ratio
Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. It operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. The company also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2022, it had 2,197,000 residential, commercial, industrial, and other natural gas customers. The company was incorporated in 1931 and is headquartered in Las Vegas, Nevada.
Earnings Per Share
As for profitability, Southwest Gas Corporation has a trailing twelve months EPS of $2.13.
PE Ratio
Southwest Gas Corporation has a trailing twelve months price to earnings ratio of 32.68. Meaning, the purchaser of the share is investing $32.68 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 4.69%.
Sales Growth
Southwest Gas Corporation’s sales growth is negative 15.8% for the present quarter and negative 29.6% for the next.
Yearly Top and Bottom Value
Southwest Gas Corporation’s stock is valued at $69.61 at 20:23 EST, below its 52-week high of $69.67 and way above its 52-week low of $53.79.
Moving Average
Southwest Gas Corporation’s worth is way higher than its 50-day moving average of $61.77 and way above its 200-day moving average of $61.63.
Revenue Growth
Year-on-year quarterly revenue growth declined by 3.8%, now sitting on 5.43B for the twelve trailing months.
5. Manulife Financial (MFC)
55.94% Payout Ratio
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks. The Insurance and Annuity Products segment provides deposit and credit products; and individual life insurance, individual and group long-term care insurance, and guaranteed and partially guaranteed annuity products through multiple distribution channels, including insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in the property and casualty reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. The company also manages timberland and agricultural portfolios; and engages in insurance agency, investment counseling and dealer, portfolio and mutual fund management, property and casualty insurance, and mutual fund dealer businesses. In addition, it provides integrated banking products and services. The company was incorporated in 1887 and is headquartered in Toronto, Canada.
Earnings Per Share
As for profitability, Manulife Financial has a trailing twelve months EPS of $1.94.
PE Ratio
Manulife Financial has a trailing twelve months price to earnings ratio of 12.47. Meaning, the purchaser of the share is investing $12.47 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 11.57%.
Volume
Today’s last reported volume for Manulife Financial is 2727320 which is 20.1% below its average volume of 3413740.
Previous days news about Manulife Financial (MFC)
- According to GlobeNewsWire on Tuesday, 12 March, "The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: GreatâWest Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc."
- According to Zacks on Tuesday, 12 March, "To this end, we recommend stocks like Freshpet (FRPT Quick QuoteFRPT – Free Report) , AptarGroup (ATR Quick QuoteATR – Free Report) , Manulife Financial Corp (MFC Quick QuoteMFC – Free Report) , Hawkins (HWKN Quick QuoteHWKN – Free Report) and Americold Realty Trust (COLD Quick QuoteCOLD – Free Report) , which bear low leverage. "
- According to GlobeNewsWire on Tuesday, 12 March, "The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co."
- According to Zacks on Thursday, 14 March, "Some better-ranked stocks from the insurance industry are Manulife Financial Corp. (MFC Quick QuoteMFC – Free Report) , Primerica, Inc. (PRI Quick QuotePRI – Free Report) and Ryan Specialty Holdings, Inc. (RYAN Quick QuoteRYAN – Free Report) , each carrying a Zacks Rank #2 (Buy) at present. "
- According to GlobeNewsWire on Tuesday, 12 March, "A Capital Shares ("Capital Shares") to potentially receive leveraged exposure to a portfolio consisting of common stock of Manulife Financial if the net asset value ("NAV") exceeds $10.00, as well as receiving targeted monthly distributions if and when the NAV is greater than $15.00. ", "The Company invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services."
6. Novo Nordisk A/S (NVO)
37.84% Payout Ratio
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides insulin pens, growth hormone pens, and injection needles. In addition, it offers smart solutions for diabetes treatment, such as smart insulin pens and Dose Check, an insulin dose guidance application. The company has a collaboration agreement with Aspen Pharmaceuticals to produce insulin products. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
Earnings Per Share
As for profitability, Novo Nordisk A/S has a trailing twelve months EPS of $2.72.
PE Ratio
Novo Nordisk A/S has a trailing twelve months price to earnings ratio of 49.48. Meaning, the purchaser of the share is investing $49.48 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 88.07%.
Previous days news about Novo Nordisk A/S (NVO)
- According to Zacks on Wednesday, 13 March, "Stocks recently featured in the blog include: Novo Nordisk A/S (NVO Quick QuoteNVO – Free Report) , Tesla, Inc. (TSLA Quick QuoteTSLA – Free Report) , Airbnb, Inc. (ABNB Quick QuoteABNB – Free Report) , ONEOK, Inc. (OKE Quick QuoteOKE – Free Report) and CDW Corp. (CDW Quick QuoteCDW – Free Report) ."
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%.
