(VIANEWS) – StoneCastle Financial Corp (BANX), Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND), Erie Indemnity Company (ERIE) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio at the moment. 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. StoneCastle Financial Corp (BANX)
208% Payout Ratio
ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests in debt and subordinated debt, structured notes and securities, regulatory capital securities which are rated below investment grade. ArrowMark Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.
Earnings Per Share
As for profitability, StoneCastle Financial Corp has a trailing twelve months EPS of $0.75.
PE Ratio
StoneCastle Financial Corp has a trailing twelve months price to earnings ratio of 21.96. Meaning, the purchaser of the share is investing $21.96 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 3.56%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 35.7% and 32.6%, respectively.
Sales Growth
StoneCastle Financial Corp’s sales growth is 37.9% for the current quarter and 29.5% for the next.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 19, 2023, the estimated forward annual dividend rate is 1.56 and the estimated forward annual dividend yield is 9.47%.
Volume
Today’s last reported volume for StoneCastle Financial Corp is 7552 which is 58.51% below its average volume of 18203.
2. Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND)
102.67% Payout Ratio
BrasilAgro – Companhia Brasileira de Propriedades AgrÃcolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil. The company operates through six segments: Real Estate, Grains, Sugarcane, Cattle Raising, Cotton, and Other. It is involved in the cultivation of soybean, corn, sorghum, and cotton, as well as sugarcane; and production and sale of beef calves after weaning. The company has 10 farms in 6 Brazilian states and 1 farm in Paraguay with a total area of 215,330 hectares of own lands and 53,735 hectares of leased lands. It also imports and exports agricultural products and inputs; purchases, sells, and/or rents properties, land, buildings, and real estate in rural and/or urban areas; provides real estate brokerage services; and manages third-party assets. The company was incorporated in 2005 and is headquartered in Sao Paulo, Brazil.
Earnings Per Share
As for profitability, Brasilagro Brazilian Agric Real Estate Co Sponsored ADR has a trailing twelve months EPS of $0.96.
PE Ratio
Brasilagro Brazilian Agric Real Estate Co Sponsored ADR has a trailing twelve months price to earnings ratio of 5.72. Meaning, the purchaser of the share is investing $5.72 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 2.53%.
Moving Average
Brasilagro Brazilian Agric Real Estate Co Sponsored ADR’s worth is higher than its 50-day moving average of $5.05 and above its 200-day moving average of $5.20.
3. Erie Indemnity Company (ERIE)
76.03% Payout Ratio
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
Earnings Per Share
As for profitability, Erie Indemnity Company has a trailing twelve months EPS of $6.06.
PE Ratio
Erie Indemnity Company has a trailing twelve months price to earnings ratio of 34.36. Meaning, the purchaser of the share is investing $34.36 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 22.42%.
Moving Average
Erie Indemnity Company’s worth is under its 50-day moving average of $217.23 and way under its 200-day moving average of $237.98.
Volume
Today’s last reported volume for Erie Indemnity Company is 2259 which is 98.34% below its average volume of 136883.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jul 4, 2023, the estimated forward annual dividend rate is 4.76 and the estimated forward annual dividend yield is 2.3%.
Yearly Top and Bottom Value
Erie Indemnity Company’s stock is valued at $208.21 at 14:23 EST, way below its 52-week high of $286.50 and way higher than its 52-week low of $188.70.
4. Myers Industries (MYE)
35.53% Payout Ratio
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.
Earnings Per Share
As for profitability, Myers Industries has a trailing twelve months EPS of $1.52.
PE Ratio
Myers Industries has a trailing twelve months price to earnings ratio of 12.93. Meaning, the purchaser of the share is investing $12.93 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 22.85%.
Sales Growth
Myers Industries’s sales growth is negative 4.4% for the current quarter and 5.9% for the next.
Revenue Growth
Year-on-year quarterly revenue growth declined by 4.3%, now sitting on 889.8M for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Myers Industries’s EBITDA is 36.46.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 22.2% and positive 12.2% for the next.
5. Macquarie Global Infrastructure Total Return Fund (MGU)
33.89% Payout Ratio
Macquarie Global Infrastructure Total Return Fund Inc. is a closed-ended equity mutual fund launched and managed by Macquarie Fund Adviser, LLC. The fund invests in the public equity markets across the globe. It typically invests in companies operating in the infrastructure sector. Macquarie Global Infrastructure Total Return Fund Inc. was formed on August 26, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Macquarie Global Infrastructure Total Return Fund has a trailing twelve months EPS of $4.11.
PE Ratio
Macquarie Global Infrastructure Total Return Fund has a trailing twelve months price to earnings ratio of 5.55. Meaning, the purchaser of the share is investing $5.55 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 15.28%.
Moving Average
Macquarie Global Infrastructure Total Return Fund’s worth is under its 50-day moving average of $23.69 and below its 200-day moving average of $23.10.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 22, 2023, the estimated forward annual dividend rate is 4.18 and the estimated forward annual dividend yield is 18.08%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.9%, now sitting on 15.51M for the twelve trailing months.
Yearly Top and Bottom Value
Macquarie Global Infrastructure Total Return Fund’s stock is valued at $22.82 at 14:23 EST, way under its 52-week high of $25.92 and way higher than its 52-week low of $18.83.
6. AmeriServ Financial (ASRV)
31.58% Payout Ratio
AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, and money orders. The company also provides lending, depository, and related financial services, such as commercial real estate mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services to commercial, industrial, financial, and governmental customers. In addition, the company offers personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services comprising 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it engages in underwriting as reinsurer of credit life and disability insurance. The company operates through a network of 17 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland counties, Pennsylvania, and Washington County, Maryland; and operates 18 automated bank teller machines. AmeriServ Financial, Inc. is headquartered in Johnstown, Pennsylvania.
Earnings Per Share
As for profitability, AmeriServ Financial has a trailing twelve months EPS of $0.38.
PE Ratio
AmeriServ Financial has a trailing twelve months price to earnings ratio of 6.53. Meaning, the purchaser of the share is investing $6.53 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 5.96%.
Yearly Top and Bottom Value
AmeriServ Financial’s stock is valued at $2.48 at 14:23 EST, way below its 52-week high of $4.12 and above its 52-week low of $2.46.
