Gabelli Equity Trust, Uniti Group, Another 6 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Gabelli Equity Trust (GAB), Uniti Group (UNIT), New Residential Investment (NRZ) have the highest dividend yield stocks on this list.

Financial Asset Forward Dividend Yield Updated (EST)
Gabelli Equity Trust (GAB) 11.03% 2024-02-29 03:09:07
Uniti Group (UNIT) 10.47% 2024-02-26 13:44:06
New Residential Investment (NRZ) 9.21% 2024-02-25 03:13:20
Enbridge (ENB) 7.81% 2024-03-01 15:54:41
Blackrock MuniYield Quality Fund (MQY) 5.66% 2024-03-01 11:08:07
Dominion Resources (D) 5.58% 2024-03-01 15:54:12
Agree Realty Corporation (ADC) 5.26% 2024-02-27 04:17:06
Phillips 66 (PSX) 3.25% 2024-03-01 15:58:10

Almost 2K companies listed in the Nasdaq and NYSE pay out dividends to its shareholders. The dividend yield is a dividend to price ratio showing how much a company pays out in dividends each year.

1. Gabelli Equity Trust (GAB) – Dividend Yield: 11.03%

Gabelli Equity Trust’s last close was $5.44, 9.33% under its 52-week high of $6.00. Intraday change was 0.18%.

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.

Earnings Per Share

As for profitability, Gabelli Equity Trust has a trailing twelve months EPS of $1.11.

PE Ratio

Gabelli Equity Trust has a trailing twelve months price to earnings ratio of 4.9. Meaning, the purchaser of the share is investing $4.9 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 16.79%.

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2. Uniti Group (UNIT) – Dividend Yield: 10.47%

Uniti Group’s last close was $5.73, 4.66% below its 52-week high of $6.01. Intraday change was -3.93%.

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of June 30, 2020, Uniti owns 6.5 million fiber strand miles and other communications real estate throughout the United States.

Earnings Per Share

As for profitability, Uniti Group has a trailing twelve months EPS of $-0.15.

Sales Growth

Uniti Group’s sales growth is 4.3% for the ongoing quarter and 3% for the next.

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3. New Residential Investment (NRZ) – Dividend Yield: 9.21%

New Residential Investment’s last close was $7.17, 39.29% below its 52-week high of $11.81. Intraday change was 0%.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 13.32%.

Growth Estimates Quarters

The company’s growth estimates for the present quarter is 19.4% and a drop 15.9% for the next.

Revenue Growth

Year-on-year quarterly revenue growth grew by 153.8%, now sitting on 3.01B for the twelve trailing months.

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4. Enbridge (ENB) – Dividend Yield: 7.81%

Enbridge’s last close was $34.42, 14.59% below its 52-week high of $40.30. Intraday change was 1.07%.

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Earnings Per Share

As for profitability, Enbridge has a trailing twelve months EPS of $2.09.

PE Ratio

Enbridge has a trailing twelve months price to earnings ratio of 16.65. Meaning, the purchaser of the share is investing $16.65 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 9.47%.

Volume

Today’s last reported volume for Enbridge is 3879360 which is 32.5% below its average volume of 5747620.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Enbridge’s EBITDA is 3.09.

Sales Growth

Enbridge’s sales growth is negative 18% for the current quarter and negative 0.5% for the next.

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5. Blackrock MuniYield Quality Fund (MQY) – Dividend Yield: 5.66%

Blackrock MuniYield Quality Fund’s last close was $12.29, 1.52% under its 52-week high of $12.48. Intraday change was 0.59%.

BlackRock MuniYield Quality Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities. BlackRock MuniYield Quality Fund, Inc. was formed on July 21, 1992 and is domiciled in United States.

Earnings Per Share

As for profitability, Blackrock MuniYield Quality Fund has a trailing twelve months EPS of $-0.1.

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 -0.88%.

Volume

Today’s last reported volume for Blackrock MuniYield Quality Fund is 66727 which is 71.23% below its average volume of 231963.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Blackrock MuniYield Quality Fund’s stock is considered to be oversold (<=20).

More news about Blackrock MuniYield Quality Fund.

6. Dominion Resources (D) – Dividend Yield: 5.58%

Dominion Resources’s last close was $47.83, 18.5% below its 52-week high of $58.69. Intraday change was -6.31%.

Dominion Energy, Inc. produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.4 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation, renewable natural gas facility, and solar generation facility development operations. As of December 31, 2023, the company's portfolio of assets included approximately 29.5 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 79,300 miles of electric distribution lines; and 94,800 miles of gas distribution mains and related service facilities. It is also involved in regulating natural gas sales, transportation, gathering, storage, and distribution operations in Ohio, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho that serve approximately 3.0 million residential, commercial, and industrial customers. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

Earnings Per Share

As for profitability, Dominion Resources has a trailing twelve months EPS of $2.48.

PE Ratio

Dominion Resources has a trailing twelve months price to earnings ratio of 18.07. Meaning, the purchaser of the share is investing $18.07 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 7.72%.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Feb 29, 2024, the estimated forward annual dividend rate is 2.67 and the estimated forward annual dividend yield is 5.58%.

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7. Agree Realty Corporation (ADC) – Dividend Yield: 5.26%

Agree Realty Corporation’s last close was $56.40, 21.71% under its 52-week high of $72.04. Intraday change was -1.93%.

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of June 30, 2020, the Company owned and operated a portfolio of 936 properties, located in 46 states and containing approximately 18.4 million square feet of gross leasable area. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol "ADC".

Earnings Per Share

As for profitability, Agree Realty Corporation has a trailing twelve months EPS of $1.7.

PE Ratio

Agree Realty Corporation has a trailing twelve months price to earnings ratio of 33.18. Meaning, the purchaser of the share is investing $33.18 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 3.47%.

More news about Agree Realty Corporation.

8. Phillips 66 (PSX) – Dividend Yield: 3.25%

Phillips 66’s last close was $142.51, 3.22% above its 52-week high of $138.06. Intraday change was 1.11%.

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Earnings Per Share

As for profitability, Phillips 66 has a trailing twelve months EPS of $15.48.

PE Ratio

Phillips 66 has a trailing twelve months price to earnings ratio of 9.31. Meaning, the purchaser of the share is investing $9.31 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 24.4%.

Sales Growth

Phillips 66’s sales growth is negative 11.3% for the current quarter and negative 7.6% for the next.

Moving Average

Phillips 66’s value is way higher than its 50-day moving average of $126.04 and way higher than its 200-day moving average of $111.20.

More news about Phillips 66.

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