(VIANEWS) – Enpro Industries (NPO), Fastenal Company (FAST), Glacier Bancorp (GBCI) are the highest payout ratio stocks on this list.
We have collected information concerning stocks with the highest payout ratio at the moment. The payout ratio in itself isn’t a guarantee of 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 are a few stocks with an above 30% percent payout ratio.
1. Enpro Industries (NPO)
114.14% Payout Ratio
EnPro Industries, Inc. designs, develops, manufactures, and markets engineered industrial products worldwide. The company operates in two segments, Sealing Products and Engineered Products. The Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations for the use in chemical and petrochemical processing, petroleum extraction and refining, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries. This segment also provides aseptic fluid transfer products for the pharmaceutical and biopharmaceutical industries; and cleaning and refurbishment services for critical components and assemblies used in semiconductor equipment. The Engineered Products segment offers self-lubricating, non-rolling, metal-polymer, solid polymer, and filament wound bearing products; aluminum blocks for hydraulic applications; and precision engineered components and lubrication systems for reciprocating compressors. This segment's products has applications in the automotive, pharmaceutical, pulp and paper, natural gas, health, power generation, machine tools, air treatment, refining, petrochemical, and general industrial markets. EnPro Industries, Inc. was founded in 2002 and is headquartered in Charlotte, North Carolina.
Earnings Per Share
As for profitability, Enpro Industries has a trailing twelve months EPS of $0.99.
PE Ratio
Enpro Industries has a trailing twelve months price to earnings ratio of 129.26. Meaning, the purchaser of the share is investing $129.26 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 1.28%.
Sales Growth
Enpro Industries’s sales growth is negative 17.2% for the present quarter and negative 1.8% for the next.
2. Fastenal Company (FAST)
65.98% Payout Ratio
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
Earnings Per Share
As for profitability, Fastenal Company has a trailing twelve months EPS of $1.94.
PE Ratio
Fastenal Company has a trailing twelve months price to earnings ratio of 30.16. Meaning, the purchaser of the share is investing $30.16 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 34.69%.
Moving Average
Fastenal Company’s value is higher than its 50-day moving average of $54.67 and way above its 200-day moving average of $51.14.
3. Glacier Bancorp (GBCI)
49.25% Payout Ratio
Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.
Earnings Per Share
As for profitability, Glacier Bancorp has a trailing twelve months EPS of $2.68.
PE Ratio
Glacier Bancorp has a trailing twelve months price to earnings ratio of 13.49. Meaning, the purchaser of the share is investing $13.49 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 10.12%.
4. Ashland (ASH)
30.25% Payout Ratio
Ashland Global Holdings Inc. provides additives and specialty ingredients worldwide. It operates through Life Sciences; Personal Care & Household; Specialty Additives; and Intermediates and Solvents segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions. The Personal Care & Household segment provides a range of nature-based, biodegradable, and performance ingredients; solutions for toothpastes, mouth washes and rinses, denture cleaning, and care for teeth; and household supplies nature-derived rheology ingredients, biodegradable surface wetting agents, performance encapsulates, and specialty polymers. The Specialty Additives segment offers rheology modifiers, foam control agents, surfactants and wetting agents, pH neutralizers, advanced ceramics used in catalytic converters, environmental filters, ingredients for the manufacturing of ceramic capacitors, plasma display panels and solar cells, ingredients for textile printing, thermoplastic metals, and alloys for welding. The Intermediates and Solvents segment produces 1,4 butanediol and related derivatives, including n-methylpyrrolidone. Ashland Global Holdings Inc. offers its products to customers in a range of consumer and industrial markets, such as architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical. The company was formerly known as Ashland Inc. and changed its name to Ashland Global Holdings Inc. in September 2016. Ashland Global Holdings Inc. was founded in 1924 and is based in Wilmington, Delaware.
Earnings Per Share
As for profitability, Ashland has a trailing twelve months EPS of $4.43.
PE Ratio
Ashland has a trailing twelve months price to earnings ratio of 18.61. Meaning, the purchaser of the share is investing $18.61 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 7.37%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Ashland’s EBITDA is 2.28.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 30, 2023, the estimated forward annual dividend rate is 1.54 and the estimated forward annual dividend yield is 1.84%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 0.2%, now sitting on 2.4B for the twelve trailing months.
Moving Average
Ashland’s value is way under its 50-day moving average of $92.23 and way under its 200-day moving average of $100.88.
