Grindrod Shipping Holdings Ltd., First Trust Senior Floating Rate Income Fund II, Another 8 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Grindrod Shipping Holdings Ltd. (GRIN), First Trust Senior Floating Rate Income Fund II (FCT), Redwood Trust (RWT) have the highest dividend yield stocks on this list.

A little less 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. Grindrod Shipping Holdings Ltd. (GRIN) – Dividend Yield: 14.44%

Grindrod Shipping Holdings Ltd.’s last close was $8.96, 57.33% below its 52-week high of $21.00. Intraday change was -3.14%.

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 $-0.64.

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 -3.53%.

Volume

Today’s last reported volume for Grindrod Shipping Holdings Ltd. is 20982 which is 45.13% below its average volume of 38241.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is 8.3% and a drop 100% for the next.

Sales Growth

Grindrod Shipping Holdings Ltd.’s sales growth is negative 52.4% for the present quarter and negative 7.2% for the next.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Oct 18, 2023, the estimated forward annual dividend rate is 1.37 and the estimated forward annual dividend yield is 14.44%.

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2. First Trust Senior Floating Rate Income Fund II (FCT) – Dividend Yield: 11.85%

First Trust Senior Floating Rate Income Fund II’s last close was $9.82, 4.94% under its 52-week high of $10.33. Intraday change was 1.41%.

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.

Earnings Per Share

As for profitability, First Trust Senior Floating Rate Income Fund II has a trailing twelve months EPS of $0.55.

PE Ratio

First Trust Senior Floating Rate Income Fund II has a trailing twelve months price to earnings ratio of 17.85. Meaning, the purchaser of the share is investing $17.85 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 4.83%.

Moving Average

First Trust Senior Floating Rate Income Fund II’s worth is below its 50-day moving average of $9.88 and under its 200-day moving average of $9.84.

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3. Redwood Trust (RWT) – Dividend Yield: 8.82%

Redwood Trust’s last close was $7.22, 17.2% below its 52-week high of $8.72. Intraday change was -0.55%.

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

Earnings Per Share

As for profitability, Redwood Trust has a trailing twelve months EPS of $-0.66.

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 -5.96%.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Sep 20, 2023, the estimated forward annual dividend rate is 0.64 and the estimated forward annual dividend yield is 8.82%.

Moving Average

Redwood Trust’s value is above its 50-day moving average of $6.89 and above its 200-day moving average of $6.87.

Sales Growth

Redwood Trust’s sales growth is 12.8% for the current quarter and negative 8.8% for the next.

Yearly Top and Bottom Value

Redwood Trust’s stock is valued at $7.22 at 01:15 EST, way below its 52-week high of $8.72 and way above its 52-week low of $5.47.

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4. Macerich Company (MAC) – Dividend Yield: 5.61%

Macerich Company’s last close was $12.13, 16.4% below its 52-week high of $14.51. Intraday change was 5.75%.

Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 – 2019).

Earnings Per Share

As for profitability, Macerich Company has a trailing twelve months EPS of $-1.55.

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 -12.46%.

Yearly Top and Bottom Value

Macerich Company’s stock is valued at $12.13 at 01:15 EST, way under its 52-week high of $14.51 and way higher than its 52-week low of $8.77.

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5. AbbVie (ABBV) – Dividend Yield: 4.15%

AbbVie’s last close was $154.88, 7.87% below its 52-week high of $168.11. Intraday change was -0.51%.

AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, a therapy administered as an injection for autoimmune, intestinal Behçet's diseases, and pyoderma gangrenosum; Skyrizi to treat moderate to severe plaque psoriasis, psoriatic disease, and Crohn's disease; Rinvoq, a JAK inhibitor to treat rheumatoid and psoriatic arthritis, ankylosing spondylitis, atopic dermatitis, axial spondyloarthropathy, and ulcerative colitis; Imbruvica for the treatment of adult patients with blood cancers; and Venclexta/Venclyxto to treat hematological malignancies. It also provides facial injectables, plastics and regenerative medicine, body contouring, and skincare products; Vraylar for depressive disorder; Duopa and Duodopa to treat advanced Parkinson's disease; and Ubrelvy for the acute treatment of migraine with or without aura in adults; Qulipta for episodic migraine. In addition, the company offers Lumigan/Ganfort and Alphagan/Combigan for the reduction of elevated intraocular pressure(IOP) in patients with open angle glaucoma (OAG) or ocular hypertension; Restasis, a calcineurin inhibitor immunosuppressant indicated to increase tear production; and eye care products. Further, it provides Mavyret/Maviret to treat chronic hepatitis C virus (HCV) genotype 1-6 infection and HCV genotype 1 infection; Creon, a pancreatic enzyme therapy; Lupron to treat advanced prostate cancer, endometriosis and central precocious puberty, and patients with anemia caused by uterine fibroids; Linzess/Constella to treat irritable bowel syndrome with constipation and chronic idiopathic constipation; and Synthroid for hypothyroidism. It has collaborations with Calico Life Sciences LLC; REGENXBIO Inc.; I-Mab Biopharma; Genmab A/S; Janssen Biotech, Inc.; Genentech, Inc.; California Institute for Biomedical Research (Calibr), and BigHat Biosciences, Inc. The company was incorporated in 2012 and is headquartered in North Chicago, Illinois.

Earnings Per Share

As for profitability, AbbVie has a trailing twelve months EPS of $3.66.

PE Ratio

AbbVie has a trailing twelve months price to earnings ratio of 42.1. Meaning, the purchaser of the share is investing $42.1 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 46.32%.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Jan 11, 2024, the estimated forward annual dividend rate is 6.2 and the estimated forward annual dividend yield is 4.15%.

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6. Banc of California (BANC) – Dividend Yield: 3.46%

Banc of California’s last close was $11.56, 36.69% under its 52-week high of $18.26. Intraday change was -2.28%.

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family residential mortgage loans; warehouse and indirect/direct leveraged lending; home equity lines of credit; small business administration loans; and other consumer loans. In addition, the company offers automated bill payment, cash and treasury management, foreign exchange, card payment, remote and mobile deposit capture, automated clearing house origination, wire transfer, direct deposit, and internet banking services; and master demand accounts, interest rate swaps, and safe deposit boxes. Further, it invests in collateralized loan obligations, agency securities, municipal bonds, agency residential mortgage-backed securities, and corporate debt securities. As of December 31, 2020, the company operated 29 full-service branches in Southern California. The company was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. Banc of California, Inc. was founded in 1941 and is headquartered in Santa Ana, California.

Earnings Per Share

As for profitability, Banc of California has a trailing twelve months EPS of $1.75.

PE Ratio

Banc of California has a trailing twelve months price to earnings ratio of 6.61. Meaning, the purchaser of the share is investing $6.61 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 10.47%.

Sales Growth

Banc of California’s sales growth is 85.3% for the current quarter and 220% for the next.

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7. ConnectOne Bancorp (CNOB) – Dividend Yield: 3.28%

ConnectOne Bancorp’s last close was $20.73, 20.64% under its 52-week high of $26.12. Intraday change was 0.77%.

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company's deposit products include personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of nine banking offices in Bergen County, five banking offices in Union County, two banking offices in Morris County, one office Essex County, one office in Hudson County, one office in Mercer County, one office in Monmouth County, one office in the borough of Manhattan, one office in Nassau County, and one office in Astoria, as well as six branches in the Hudson Valley. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.

Earnings Per Share

As for profitability, ConnectOne Bancorp has a trailing twelve months EPS of $2.39.

PE Ratio

ConnectOne Bancorp has a trailing twelve months price to earnings ratio of 8.74. Meaning, the purchaser of the share is investing $8.74 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 8.59%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 9.9%, now sitting on 275.79M for the twelve trailing months.

Volume

Today’s last reported volume for ConnectOne Bancorp is 25418 which is 76.95% below its average volume of 110300.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Nov 13, 2023, the estimated forward annual dividend rate is 0.68 and the estimated forward annual dividend yield is 3.28%.

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8. Bankwell Financial Group (BWFG) – Dividend Yield: 2.9%

Bankwell Financial Group’s last close was $27.60, 12.69% below its 52-week high of $31.61. Intraday change was 0.22%.

Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit. It operates branches in New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.

Earnings Per Share

As for profitability, Bankwell Financial Group has a trailing twelve months EPS of $4.62.

PE Ratio

Bankwell Financial Group has a trailing twelve months price to earnings ratio of 5.97. Meaning, the purchaser of the share is investing $5.97 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 14.78%.

Moving Average

Bankwell Financial Group’s value is higher than its 50-day moving average of $25.36 and higher than its 200-day moving average of $25.39.

Sales Growth

Bankwell Financial Group’s sales growth is negative 20% for the current quarter and negative 22.2% for the next.

Revenue Growth

Year-on-year quarterly revenue growth grew by 10.8%, now sitting on 97.17M for the twelve trailing months.

Dividend Yield

According to Morningstar, Inc., the next dividend payment is on Nov 8, 2023, the estimated forward annual dividend rate is 0.8 and the estimated forward annual dividend yield is 2.9%.

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9. Cass Information Systems (CASS) – Dividend Yield: 2.88%

Cass Information Systems’s last close was $41.56, 19.27% under its 52-week high of $51.48. Intraday change was -1%.

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as checking, savings, and time deposit accounts; commercial, industrial, and real estate loans; and cash management services to privately-owned businesses and faith-related ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and leased facilities in Fenton, Missouri and Colorado Springs, Colorado. The company was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. Cass Information Systems, Inc. was founded in 1906 and is headquartered in St. Louis, Missouri.

Earnings Per Share

As for profitability, Cass Information Systems has a trailing twelve months EPS of $2.23.

PE Ratio

Cass Information Systems has a trailing twelve months price to earnings ratio of 18.64. Meaning, the purchaser of the share is investing $18.64 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 15.55%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 11.2%, now sitting on 209.6M for the twelve trailing months.

Moving Average

Cass Information Systems’s worth is above its 50-day moving average of $38.86 and above its 200-day moving average of $39.94.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 28.4% and positive 5.9% for the next.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Dec 3, 2023, the estimated forward annual dividend rate is 1.2 and the estimated forward annual dividend yield is 2.88%.

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10. Eastern Company (EML) – Dividend Yield: 2.38%

Eastern Company’s last close was $18.88, 22.46% below its 52-week high of $24.35. Intraday change was 2.39%.

The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry. It also offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, as well as development and program management services for custom electromechanical and mechanical systems; designs and manufactures proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications; and provides aftermarket components to the heavy-duty truck market. The Eastern Company was founded in 1858 and is based in Naugatuck, Connecticut.

Earnings Per Share

As for profitability, Eastern Company has a trailing twelve months EPS of $0.84.

PE Ratio

Eastern Company has a trailing twelve months price to earnings ratio of 22.48. Meaning, the purchaser of the share is investing $22.48 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 4.15%.

Yearly Top and Bottom Value

Eastern Company’s stock is valued at $18.88 at 01:15 EST, way under its 52-week high of $24.35 and way higher than its 52-week low of $15.30.

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