(VIANEWS) – Western Asset Mortgage Defined Opportunity Fund (DMO), Invesco Municipal Trust (VKQ), First Hawaiian (FHB) are the highest payout ratio stocks on this list.
We have collected information about stocks with the highest payout ratio up to now. The payout ratio in itself isn’t a promise 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. Western Asset Mortgage Defined Opportunity Fund (DMO)
75.42% Payout Ratio
Western Asset Mortgage Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. Western Asset Mortgage Opportunity Fund Inc. was formed on December 11, 2009 and is domiciled in the United States.
Earnings Per Share
As for profitability, Western Asset Mortgage Defined Opportunity Fund has a trailing twelve months EPS of $-0.02.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -0.22%.
Moving Average
Western Asset Mortgage Defined Opportunity Fund’s worth is under its 50-day moving average of $10.71 and under its 200-day moving average of $10.74.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Nov 20, 2023, the estimated forward annual dividend rate is 1.38 and the estimated forward annual dividend yield is 13.6%.
Yearly Top and Bottom Value
Western Asset Mortgage Defined Opportunity Fund’s stock is valued at $10.14 at 22:23 EST, way below its 52-week high of $11.66 and above its 52-week low of $10.10.
2. Invesco Municipal Trust (VKQ)
59.13% Payout Ratio
Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. The fund employs fundamental analysis with bottom-up security selection approach to create its portfolio. It was formerly known as Invesco Van Kampen Municipal Trust. Invesco Municipal Trust was formed on September 27, 1991 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Municipal Trust has a trailing twelve months EPS of $-1.64.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.94%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.2%, now sitting on 43.87M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Oct 12, 2023, the estimated forward annual dividend rate is 0.42 and the estimated forward annual dividend yield is 5.13%.
3. First Hawaiian (FHB)
47.93% Payout Ratio
First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and time deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and small business loans and leases, commercial lease financing, and auto dealer financing. In addition, the company offers personal installment, credit card, individual investment and financial planning, insurance protection, trust and estate, private banking, retirement planning, treasury, and merchant processing services. As of December 31, 2020, it operated 54 branches in Oahu, Maui, Hawaii, Kauai, Lanai, Guam, and Saipan. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. The company was founded in 1858 and is headquartered in Honolulu, Hawaii. First Hawaiian, Inc. is a subsidiary of BancWest Corporation.
Earnings Per Share
As for profitability, First Hawaiian has a trailing twelve months EPS of $2.17.
PE Ratio
First Hawaiian has a trailing twelve months price to earnings ratio of 7.95. Meaning, the purchaser of the share is investing $7.95 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 12.05%.
Yearly Top and Bottom Value
First Hawaiian’s stock is valued at $17.26 at 22:23 EST, way under its 52-week high of $28.28 and way above its 52-week low of $15.08.
4. AllianzGI NFJ Dividend, Interest & Premium Strategy Fund (NFJ)
44.55% Payout Ratio
AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States. The fund invests in the stocks of companies operating across diversified sectors. It primarily invests in dividend-paying stocks of companies. The fund employs a combination of fundamental research with bottom up stock picking approach and quantitative analysis to create its portfolio. It was formerly known as NFJ Dividend, Interest & Premium Strategy Fund. AllianzGI NFJ Dividend, Interest & Premium Strategy Fund was formed on February 28, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianzGI NFJ Dividend, Interest & Premium Strategy Fund has a trailing twelve months EPS of $-1.14.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.42%.
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%.
Dividend Yield
According to 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%.
