(VIANEWS) – Gray Communications Systems (GTN), AllianceBernstein National Municipalome Fund (AFB), Western Asset Bond Fund Share of Beneficial Interest (WEA) 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 issue 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. Gray Communications Systems (GTN)
457.14% Payout Ratio
Gray Television, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Gray Communications Systems has a trailing twelve months EPS of $0.07.
PE Ratio
Gray Communications Systems has a trailing twelve months price to earnings ratio of 74.43. Meaning, the purchaser of the share is investing $74.43 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 2.25%.
Volume
Today’s last reported volume for Gray Communications Systems is 967839 which is 39.24% below its average volume of 1592980.
Yearly Top and Bottom Value
Gray Communications Systems’s stock is valued at $5.21 at 02:23 EST, way under its 52-week high of $10.07 and way higher than its 52-week low of $4.15.
2. AllianceBernstein National Municipalome Fund (AFB)
206.27% Payout Ratio
AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax. The fund seeks to invest in bonds rated Baa/BBB or higher. It employs both quantitative and fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. It was formerly known as Alliance National Municipal Income Fund Inc. AllianceBernstein National Municipal Income Fund was formed on November 9, 2001 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianceBernstein National Municipalome Fund has a trailing twelve months EPS of $0.19.
PE Ratio
AllianceBernstein National Municipalome Fund has a trailing twelve months price to earnings ratio of 60.37. Meaning, the purchaser of the share is investing $60.37 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 1.52%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 1, 2024, the estimated forward annual dividend rate is 0.39 and the estimated forward annual dividend yield is 3.42%.
Volume
Today’s last reported volume for AllianceBernstein National Municipalome Fund is 38608 which is 33.73% below its average volume of 58266.
3. Western Asset Bond Fund Share of Beneficial Interest (WEA)
77.69% Payout Ratio
Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade bonds, including corporate bonds, U.S. government and agency securities, and mortgage related securities. It seeks to maintain an average duration of around two to three years with an average credit quality of BBB. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield Index and the Barclays Capital U.S. Credit Index. Western Asset Premier Bond Fund was formed on March 28, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Western Asset Bond Fund Share of Beneficial Interest has a trailing twelve months EPS of $1.04.
PE Ratio
Western Asset Bond Fund Share of Beneficial Interest has a trailing twelve months price to earnings ratio of 10.68. Meaning, the purchaser of the share is investing $10.68 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 9.21%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 23, 2024, the estimated forward annual dividend rate is 0.84 and the estimated forward annual dividend yield is 7.56%.
Yearly Top and Bottom Value
Western Asset Bond Fund Share of Beneficial Interest’s stock is valued at $11.11 at 02:23 EST, below its 52-week high of $11.29 and way higher than its 52-week low of $9.60.
Revenue Growth
Year-on-year quarterly revenue growth declined by 0.6%, now sitting on 13.56M for the twelve trailing months.
4. MEDIFAST (MED)
61.57% Payout Ratio
Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products in the United States and the Asia-Pacific. It offers bars, bites, pretzels, puffs, oatmeal and cereal crunch products, drinks, hearty choices, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by Take Shape for Life, and Flavors of Home brands. The company markets its products through direct ecommerce platform and franchise weight control center channels. Medifast, Inc. was founded in 1980 and is headquartered in Baltimore, Maryland.
Earnings Per Share
As for profitability, MEDIFAST has a trailing twelve months EPS of $2.59.
PE Ratio
MEDIFAST has a trailing twelve months price to earnings ratio of 7.47. Meaning, the purchaser of the share is investing $7.47 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 15.01%.
Volume
Today’s last reported volume for MEDIFAST is 365101 which is 30.37% below its average volume of 524419.
5. Independent Bank Corp. (INDB)
45.07% 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. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. 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 $4.97.
PE Ratio
Independent Bank Corp. 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.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.44%.
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%.
