(VIANEWS) – JOYY (YY), Magic Software Enterprises Ltd. (MGIC), Everest Re Group, Ltd. (RE) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio up until now. 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 investigating 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. JOYY (YY)
128.3% Payout Ratio
JOYY Inc., through its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as live talk with other users, make video calls, and watch trend videos; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls, text messages, and photo and video sharing. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.
Earnings Per Share
As for profitability, JOYY has a trailing twelve months EPS of $1.59.
PE Ratio
JOYY has a trailing twelve months price to earnings ratio of 17.47. Meaning, the purchaser of the share is investing $17.47 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 1.68%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
JOYY’s EBITDA is -37.15.
Revenue Growth
Year-on-year quarterly revenue growth declined by 8.9%, now sitting on 2.41B for the twelve trailing months.
Sales Growth
JOYY’s sales growth is negative 10.4% for the ongoing quarter and negative 2.8% for the next.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Apr 11, 2023, the estimated forward annual dividend rate is 2.04 and the estimated forward annual dividend yield is 7.13%.
2. Magic Software Enterprises Ltd. (MGIC)
64.05% Payout Ratio
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; Magic xpc, a hybrid integration platform as a service; Magic SmartUX, a mobile development application platform; and FactoryEye for virtualization of production data. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast management. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors; and public institutions and international agencies. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
Earnings Per Share
As for profitability, Magic Software Enterprises Ltd. has a trailing twelve months EPS of $0.77.
PE Ratio
Magic Software Enterprises Ltd. has a trailing twelve months price to earnings ratio of 16.69. Meaning, the purchaser of the share is investing $16.69 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 15.22%.
3. Everest Re Group, Ltd. (RE)
42.79% Payout Ratio
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom. The Insurance Operations segment writes property and casualty insurance directly, as well as through brokers, surplus lines brokers, and general agents in Bermuda, Canada, Europe, South America, Canada, Chile, the United Kingdom, Ireland, and the Netherlands. The company also provides treaty and facultative reinsurance products; admitted and non-admitted insurance products; and property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability, directors' and officers' liability, medical malpractice, mortgage reinsurance, other specialty lines, accident and health, and workers' compensation products. In addition, it offers commercial property and casualty insurance products through wholesale and retail brokers, surplus lines brokers, and program administrators. Everest Re Group, Ltd. was founded in 1973 and is headquartered in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Everest Re Group, Ltd. has a trailing twelve months EPS of $15.19.
PE Ratio
Everest Re Group, Ltd. has a trailing twelve months price to earnings ratio of 23.65. Meaning, the purchaser of the share is investing $23.65 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 6.43%.
Moving Average
Everest Re Group, Ltd.’s value is under its 50-day moving average of $364.78 and way above its 200-day moving average of $315.23.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 23.4% and 25.9%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth grew by 5.1%, now sitting on 12.16B for the twelve trailing months.
Volume
Today’s last reported volume for Everest Re Group, Ltd. is 246822 which is 12.75% below its average volume of 282893.
4. Grindrod Shipping Holdings Ltd. (GRIN)
37.25% Payout Ratio
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.
Earnings Per Share
As for profitability, Grindrod Shipping Holdings Ltd. has a trailing twelve months EPS of $5.5.
PE Ratio
Grindrod Shipping Holdings Ltd. has a trailing twelve months price to earnings ratio of 2.12. Meaning, the purchaser of the share is investing $2.12 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 34.05%.
5. Independent Bank Corp. (INDB)
36.56% Payout Ratio
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Earnings Per Share
As for profitability, Independent Bank Corp. has a trailing twelve months EPS of $5.69.
PE Ratio
Independent Bank Corp. has a trailing twelve months price to earnings ratio of 10.47. Meaning, the purchaser of the share is investing $10.47 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 8.94%.
Moving Average
Independent Bank Corp.’s value is way under its 50-day moving average of $71.25 and way below its 200-day moving average of $79.56.
Sales Growth
Independent Bank Corp.’s sales growth is 14.1% for the current quarter and 6.6% for the next.
