Enbridge, Cathay General Bancorp, Another 2 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Enbridge (ENB), Cathay General Bancorp (CATY), Summit Financial Group (SMMF) have the highest dividend yield stocks on this list.

Financial Asset Forward Dividend Yield Updated (EST)
Enbridge (ENB) 6.65% 2023-05-05 13:56:02
Cathay General Bancorp (CATY) 4.2% 2023-04-19 13:12:08
Summit Financial Group (SMMF) 4.19% 2023-04-23 17:07:08
Luxfer Holdings PLC (LXFR) 3.47% 2023-05-03 19:08:08

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. Enbridge (ENB) – Dividend Yield: 6.65%

Enbridge’s last close was $39.91, 16.28% under its 52-week high of $47.67. Intraday change was 1.87%.

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in the natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Earnings Per Share

As for profitability, Enbridge has a trailing twelve months EPS of $0.95.

PE Ratio

Enbridge has a trailing twelve months price to earnings ratio of 42.11. Meaning, the purchaser of the share is investing $42.11 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 4.64%.

Moving Average

Enbridge’s worth is higher than its 50-day moving average of $38.40 and under its 200-day moving average of $40.05.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Feb 13, 2023, the estimated forward annual dividend rate is 2.6 and the estimated forward annual dividend yield is 6.65%.

Sales Growth

Enbridge’s sales growth is 6.8% for the ongoing quarter and 10.6% for the next.

Volatility

Enbridge’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.35%, a negative 0.02%, and a positive 0.96%.

Enbridge’s highest amplitude of average volatility was 1.09% (last week), 0.67% (last month), and 0.96% (last quarter).

Previous days news about Enbridge

  • Enbridge (enb) Q1 earnings beat estimates. According to Zacks on Friday, 5 May, "While Enbridge has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?"

More news about Enbridge.

2. Cathay General Bancorp (CATY) – Dividend Yield: 4.2%

Cathay General Bancorp’s last close was $32.40, 31.5% below its 52-week high of $47.30. Intraday change was 3.58%.

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California.

Earnings Per Share

As for profitability, Cathay General Bancorp has a trailing twelve months EPS of $4.83.

PE Ratio

Cathay General Bancorp has a trailing twelve months price to earnings ratio of 6.95. Meaning, the purchaser of the share is investing $6.95 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 14.66%.

More news about Cathay General Bancorp.

3. Summit Financial Group (SMMF) – Dividend Yield: 4.19%

Summit Financial Group’s last close was $19.10, 38.05% below its 52-week high of $30.83. Intraday change was -0.44%.

Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, and Shenandoah Valley and Southwestern regions of Virginia, and the Central region of Kentucky. The company's community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance brokerage services. As of December 31, 2020, it operated through 43 banking offices. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

Earnings Per Share

As for profitability, Summit Financial Group has a trailing twelve months EPS of $4.08.

PE Ratio

Summit Financial Group has a trailing twelve months price to earnings ratio of 4.68. Meaning, the purchaser of the share is investing $4.68 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 15.61%.

Yearly Top and Bottom Value

Summit Financial Group’s stock is valued at $19.09 at 10:15 EST, way below its 52-week high of $30.83 and higher than its 52-week low of $18.89.

Volume

Today’s last reported volume for Summit Financial Group is 16618 which is 27.27% below its average volume of 22851.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is 17.8% and a drop 12% for the next.

Moving Average

Summit Financial Group’s value is way under its 50-day moving average of $22.51 and way below its 200-day moving average of $26.33.

More news about Summit Financial Group.

4. Luxfer Holdings PLC (LXFR) – Dividend Yield: 3.47%

Luxfer Holdings PLC’s last close was $15.06, 15.54% below its 52-week high of $17.83. Intraday change was 0.4%.

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas cylinders for transportation, defense and emergency response, healthcare, and general industrial end-market applications. It operates in two segments, Gas Cylinders and Elektron. The Gas Cylinders segment manufactures and markets aluminum, titanium, and carbon composite cylinders, which are used for self-contained breathing apparatus that are used by firefighters and other emergency-responders, as well as scuba divers and personnel in potentially hazardous environments, such as mines; and aluminum and composite cylinders for use in the containment of oxygen and other medical gases that are used by patients, healthcare facilities, and laboratories. This segment also offers carbon composite cylinders for compressed natural gas and hydrogen containment in alternative fuel vehicles; lightweight aluminum cylinders for a variety of industrial applications, such as fire extinguishers and containment of high-purity specialty gases; and lightweight aluminum and titanium panels primarily for use in the aerospace and luxury-auto industries. The Elektron segment focuses on specialty materials based on magnesium, zircon sand, and rare earths. It develops and manufactures magnesium alloys; magnesium powders; and magnesium, copper, and zinc photoengraving plates for graphic arts and luxury packaging. This segment also develops and manufactures zirconium-based materials and oxides used as catalysts and in the manufacture of advanced ceramics, fiber-optic fuel cells, and other performance products. Luxfer Holdings PLC has operations in the United States, the United Kingdom, Germany, Italy, France, rest of Europe, the Asia Pacific, Canada, South America, Latin America, and Africa. The company was founded in 1898 and is headquartered in Manchester, the United Kingdom.

Earnings Per Share

As for profitability, Luxfer Holdings PLC has a trailing twelve months EPS of $0.9.

PE Ratio

Luxfer Holdings PLC has a trailing twelve months price to earnings ratio of 16.73. Meaning, the purchaser of the share is investing $16.73 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 11.79%.

Sales Growth

Luxfer Holdings PLC’s sales growth is 1.6% for the ongoing quarter and 5.6% for the next.

More news about Luxfer Holdings PLC.

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