(VIANEWS) – Prudential Global Short Duration High Yield Fund (GHY), Extra Space Storage (EXR), Gerdau S.A. (GGB) 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 guarantee 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 investigating 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. Prudential Global Short Duration High Yield Fund (GHY)
160.59% Payout Ratio
PGIM Global Short Duration High Yield Fund, Inc. is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc. or BB+ or lower by Standard & Poor's Ratings Services. It seeks to maintain a weighted average maturity of five years or less. PGIM Global Short Duration High Yield Fund, Inc. was formed on December 26, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, Prudential Global Short Duration High Yield Fund has a trailing twelve months EPS of $0.85.
PE Ratio
Prudential Global Short Duration High Yield Fund has a trailing twelve months price to earnings ratio of 12.74. Meaning, the purchaser of the share is investing $12.74 for every dollar of annual earnings.
Volume
Today’s last reported volume for Prudential Global Short Duration High Yield Fund is 155296 which is 6.08% above its average volume of 146395.
Yearly Top and Bottom Value
Prudential Global Short Duration High Yield Fund’s stock is valued at $10.83 at 04:23 EST, way below its 52-week high of $12.14 and higher than its 52-week low of $10.24.
Moving Average
Prudential Global Short Duration High Yield Fund’s worth is above its 50-day moving average of $10.73 and below its 200-day moving average of $11.06.
2. Extra Space Storage (EXR)
118.46% Payout Ratio
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2023, the Company owned and/or operated 3,651 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.5 million units and approximately 279.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.
Earnings Per Share
As for profitability, Extra Space Storage has a trailing twelve months EPS of $5.3.
PE Ratio
Extra Space Storage has a trailing twelve months price to earnings ratio of 24.29. Meaning, the purchaser of the share is investing $24.29 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 22.19%.
3. Gerdau S.A. (GGB)
71.17% Payout Ratio
Gerdau S.A., together with its subsidiaries, operates as a steel producer company in the Americas. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. It provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets. The company also offers flat products, such as hot-rolled steel coils and heavy plates; and resells flat steel products. In addition, it operates three mines that produce iron ore located in the Brazilian state of Minas Gerais. The company sells its products through independent distributors, direct sales from the mills, and its retail network. The company was founded in 1901 and is based in São Paulo, Brazil.
Earnings Per Share
As for profitability, Gerdau S.A. has a trailing twelve months EPS of $0.93.
PE Ratio
Gerdau S.A. has a trailing twelve months price to earnings ratio of 5.34. Meaning, the purchaser of the share is investing $5.34 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 16.31%.
Sales Growth
Gerdau S.A.’s sales growth for the current quarter is negative 5.8%.
Yearly Top and Bottom Value
Gerdau S.A.’s stock is valued at $4.97 at 04:23 EST, way below its 52-week high of $6.34 and way above its 52-week low of $4.20.
Volume
Today’s last reported volume for Gerdau S.A. is 6318140 which is 5.51% above its average volume of 5987650.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Nov 19, 2023, the estimated forward annual dividend rate is 0.32 and the estimated forward annual dividend yield is 6.7%.
4. Madison Covered Call & Equity Strategy Fund (MCN)
59.5% Payout Ratio
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Madison Covered Call & Equity Strategy Fund has a trailing twelve months EPS of $1.21.
PE Ratio
Madison Covered Call & Equity Strategy Fund has a trailing twelve months price to earnings ratio of 5.77. Meaning, the purchaser of the share is investing $5.77 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 17.45%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Sep 13, 2023, the estimated forward annual dividend rate is 0.72 and the estimated forward annual dividend yield is 10.32%.
Volume
Today’s last reported volume for Madison Covered Call & Equity Strategy Fund is 45800 which is 11.33% below its average volume of 51654.
Yearly Top and Bottom Value
Madison Covered Call & Equity Strategy Fund’s stock is valued at $6.98 at 04:23 EST, way under its 52-week high of $8.60 and above its 52-week low of $6.69.
Revenue Growth
Year-on-year quarterly revenue growth grew by 55.1%, now sitting on 3.45M for the twelve trailing months.
1. 1 (1)
1% Payout Ratio
1
Earnings Per Share
As for profitability, 1 has a trailing twelve months EPS of $1.
PE Ratio
1 has a trailing twelve months price to earnings ratio of 1. Meaning, the purchaser of the share is investing $1 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%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 1% and 1%, respectively.
Sales Growth
1’s sales growth is 1% for the present quarter and 1% for the next.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jan 1, 1970, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1%.
