(VIANEWS) – EastGroup Properties (EGP), First Trust New Opportunities MLP & Energy Fund (FPL), Lancaster Colony Corporation (LANC) 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. EastGroup Properties (EGP)
126.3% Payout Ratio
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.
Earnings Per Share
As for profitability, EastGroup Properties has a trailing twelve months EPS of $3.84.
PE Ratio
EastGroup Properties has a trailing twelve months price to earnings ratio of 46.59. Meaning, the purchaser of the share is investing $46.59 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 9.02%.
Sales Growth
EastGroup Properties’s sales growth is 15.2% for the current quarter and 12.9% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 15.6% and positive 6.9% for the next.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 28, 2023, the estimated forward annual dividend rate is 5 and the estimated forward annual dividend yield is 2.85%.
Previous days news about EastGroup Properties (EGP)
- According to Zacks on Friday, 14 July, "Finally, we will try to figure out how the four major Industrial REITs - Prologis (PLD Quick QuotePLD – Free Report) , Rexford Industrial Realty (REXR Quick QuoteREXR – Free Report) , Americold Realty Trust (COLD Quick QuoteCOLD – Free Report) and EastGroup Properties (EGP Quick QuoteEGP – Free Report) - are likely to have performed in the second quarter and what lies ahead for them."
- According to Zacks on Friday, 14 July, "Some better-ranked stocks from the REIT sector are Ventas (VTR Quick QuoteVTR – Free Report) and EastGroup Properties (EGP Quick QuoteEGP – Free Report) , each presently carrying a Zacks Rank #2 (Buy). "
2. First Trust New Opportunities MLP & Energy Fund (FPL)
91.84% Payout Ratio
First Trust New Opportunities MLP & Energy Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating in the energy and utilities sectors. The fund primarily invests in equity and debt securities of MLPs and MLP related entities, as well as in dividend paying growth stocks of other energy and energy utilities companies. It benchmarks the performance of its portfolio against the S&P 500 Index, Alerian MLP Total Return Index, and Wells Fargo Midstream MLP Total Return Index. First Trust New Opportunities MLP & Energy Fund was formed on October 15, 2013 and is domiciled in the United States.
Earnings Per Share
As for profitability, First Trust New Opportunities MLP & Energy Fund has a trailing twelve months EPS of $0.48.
PE Ratio
First Trust New Opportunities MLP & Energy Fund has a trailing twelve months price to earnings ratio of 12.71. Meaning, the purchaser of the share is investing $12.71 for every dollar of annual earnings.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jul 2, 2023, the estimated forward annual dividend rate is 0.45 and the estimated forward annual dividend yield is 7.38%.
3. Lancaster Colony Corporation (LANC)
69.33% Payout Ratio
Lancaster Colony Corporation manufactures and markets food products for the retail and foodservice markets in the United States. The company operates in two segments, Retail and Foodservice. It offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, and Girard's; flatbread wraps and pizza crusts under the Flatout brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti; frozen pasta under the Marzetti Frozen Pasta brand; and vegetable and fruit dips under the Marzetti brand. In addition, it manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.
Earnings Per Share
As for profitability, Lancaster Colony Corporation has a trailing twelve months EPS of $4.76.
PE Ratio
Lancaster Colony Corporation has a trailing twelve months price to earnings ratio of 42.25. Meaning, the purchaser of the share is investing $42.25 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 15.32%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 7, 2023, the estimated forward annual dividend rate is 3.4 and the estimated forward annual dividend yield is 1.73%.
Sales Growth
Lancaster Colony Corporation’s sales growth is 6.3% for the present quarter and 9.6% for the next.
Moving Average
Lancaster Colony Corporation’s worth is below its 50-day moving average of $203.09 and higher than its 200-day moving average of $193.55.
4. Citizens & Northern Corp (CZNC)
67.07% Payout Ratio
Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various types of checking accounts, passbook and statement savings accounts, money market accounts, interest checking accounts, individual retirement accounts, and certificates of deposits. It also provides lending products comprising mortgage loans, commercial loans, and consumer loans, as well as commercial letters-of-credit. In addition, the company offers trust and financial management services consisting of administration of trusts and estates, retirement plans, and other employee benefit plans; investment management services; and a range of personal and commercial insurance products, as well as mutual funds, annuities, educational savings accounts, and other investment products through registered agents. Further, it reinsures credit and mortgage, life and accident, and health insurance products. The company operates 29 banking offices in Bradford, Bucks, Cameron, Chester, Lycoming, McKean, Potter, Sullivan and Tioga Counties in Pennsylvania, as well as Steuben County in New York; and loan production offices in Elmira, New York and York, and Pennsylvania. Citizens & Northern Corporation was founded in 1864 and is based in Wellsboro, Pennsylvania.
Earnings Per Share
As for profitability, Citizens & Northern Corp has a trailing twelve months EPS of $1.67.
PE Ratio
Citizens & Northern Corp has a trailing twelve months price to earnings ratio of 11.72. Meaning, the purchaser of the share is investing $11.72 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 9.77%.
Yearly Top and Bottom Value
Citizens & Northern Corp’s stock is valued at $19.58 at 20:23 EST, way below its 52-week high of $25.77 and way above its 52-week low of $16.71.
Moving Average
Citizens & Northern Corp’s value is above its 50-day moving average of $19.42 and way under its 200-day moving average of $22.19.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 19.6% and a negative 13.6%, respectively.
Volume
Today’s last reported volume for Citizens & Northern Corp is 13048 which is 58.49% below its average volume of 31437.
5. CSG Systems International (CSGS)
56.58% Payout Ratio
CSG Systems International, Inc. provides revenue management, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private cloud-based platform; related customer communications management solutions, including field force automation, analytics, electronic bill presentment, ACH, etc. for processing voice, SMS/text, print, and e-mail messages; and cloud-based integrated suite of solutions for range of industries. The company also provides managed services; and professional services to implement, configure, and maintain its solutions, as well as licenses various solutions, such as mediation, partner management, rating, and charging. It serves financial services, healthcare, media and entertainment companies, and government markets. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.
Earnings Per Share
As for profitability, CSG Systems International has a trailing twelve months EPS of $1.92.
PE Ratio
CSG Systems International has a trailing twelve months price to earnings ratio of 27.39. Meaning, the purchaser of the share is investing $27.39 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 15.05%.
Volume
Today’s last reported volume for CSG Systems International is 110973 which is 32.12% below its average volume of 163501.
6. Sumitomo Mitsui (SMFG)
40.28% Payout Ratio
Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The company was incorporated in 2002 and is headquartered in Tokyo, Japan.
Earnings Per Share
As for profitability, Sumitomo Mitsui has a trailing twelve months EPS of $0.84.
PE Ratio
Sumitomo Mitsui has a trailing twelve months price to earnings ratio of 10.75. Meaning, the purchaser of the share is investing $10.75 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 7.11%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 14.3% and a negative 13.8%, respectively.
Volume
Today’s last reported volume for Sumitomo Mitsui is 667592 which is 69.38% below its average volume of 2180500.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 0.34 and the estimated forward annual dividend yield is 3.8%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 449.3%, now sitting on 3.57T for the twelve trailing months.
