(VIANEWS) – Voya Global Advantage and Premium Opportunity Fund (IGA), Huntington Bancshares (HBAN), Provident Financial Holdings (PROV) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to now. The payout ratio in itself isn’t a promise 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 researching 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. Voya Global Advantage and Premium Opportunity Fund (IGA)
106.49% Payout Ratio
Voya Global Advantage and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC, Voya Investment Management Co. LLC, and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds. It employs fundamental analysis with a bottom-up stock picking approach and a proprietary discounted cash flow valuation model, focusing on such factors as sales, margins, and capital use to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. It was formerly known as ING Global Advantage and Premium Opportunity Fund. Voya Global Advantage and Premium Opportunity Fund was formed on July 7, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Voya Global Advantage and Premium Opportunity Fund has a trailing twelve months EPS of $0.74.
PE Ratio
Voya Global Advantage and Premium Opportunity Fund has a trailing twelve months price to earnings ratio of 12.73. Meaning, the purchaser of the share is investing $12.73 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 6.85%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 3, 2024, the estimated forward annual dividend rate is 1.02 and the estimated forward annual dividend yield is 10.86%.
2. Huntington Bancshares (HBAN)
58.49% Payout Ratio
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free checking, money scout, $50 safety zone, standby cash, early pay, instant access, savings goal getter, and Huntington heads up; digitally powered consumer and business financial solutions to consumer lending, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans, as well as dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. The company offers equipment financing, asset-based lending, distribution finance, structured lending, and municipal financing solutions, as well as Huntington ChoicePay. In addition, it offers lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.
Earnings Per Share
As for profitability, Huntington Bancshares has a trailing twelve months EPS of $1.24.
PE Ratio
Huntington Bancshares has a trailing twelve months price to earnings ratio of 10.73. Meaning, the purchaser of the share is investing $10.73 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 8.87%.
Moving Average
Huntington Bancshares’s worth is below its 50-day moving average of $13.89 and above its 200-day moving average of $13.17.
Sales Growth
Huntington Bancshares’s sales growth is negative 1% for the current quarter and 9.3% for the next.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 14.3% and positive 3.3% for the next.
3. Provident Financial Holdings (PROV)
52.83% Payout Ratio
Provident Financial Holdings, Inc. operates as the holding company for Provident Savings Bank, F.S.B. that provides community banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. Its deposit products include checking, savings, and money market accounts, as well as time deposits; and loan portfolio consists of single-family, multi-family, commercial real estate, construction, mortgage, commercial business, and consumer loans. The company also offers investment services comprising the sale of investment products, such as annuities and mutual funds; and trustee services for real estate transactions. It operates through 12 full-service banking offices in Riverside County and one full-service banking office in San Bernardino County. The company was founded in 1956 and is based in Riverside, California.
Earnings Per Share
As for profitability, Provident Financial Holdings has a trailing twelve months EPS of $1.06.
PE Ratio
Provident Financial Holdings has a trailing twelve months price to earnings ratio of 13.55. Meaning, the purchaser of the share is investing $13.55 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 5.66%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 15, 2024, the estimated forward annual dividend rate is 0.56 and the estimated forward annual dividend yield is 3.9%.
4. EQT Corporation (EQT)
40.69% Payout Ratio
EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.
Earnings Per Share
As for profitability, EQT Corporation has a trailing twelve months EPS of $1.53.
PE Ratio
EQT Corporation has a trailing twelve months price to earnings ratio of 21.99. Meaning, the purchaser of the share is investing $21.99 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 5.11%.
Sales Growth
EQT Corporation’s sales growth is 23.6% for the ongoing quarter and 15.5% for the next.
Moving Average
EQT Corporation’s worth is below its 50-day moving average of $35.05 and below its 200-day moving average of $37.17.
5. Helios Technologies (HLIO)
40.45% Payout Ratio
Helios Technologies, Inc., together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers. This segment sells its products under the Sun Hydraulics, Faster, and Custom Fluidpower brands. The Electronics segment offers displays, controls, and instrumentation products for off-highway, recreational and commercial marine, power sports and specialty vehicles, agriculture and water pumping, power generation, health and wellness, and engine-driven industrial equipment markets. This segment sells its products under the Enovation Controls, Murphy, and Balboa Water Group brands. Helios Technologies, Inc. sells its hydraulic products primarily through value-add distributors, as well as directly to original equipment manufacturers; and electronic products to original equipment manufacturer customers. The company was formerly known as Sun Hydraulics Corporation and changed its name to Helios Technologies, Inc. in June 2019. Helios Technologies, Inc. was founded in 1970 and is headquartered in Sarasota, Florida.
Earnings Per Share
As for profitability, Helios Technologies has a trailing twelve months EPS of $0.89.
PE Ratio
Helios Technologies has a trailing twelve months price to earnings ratio of 45.87. Meaning, the purchaser of the share is investing $45.87 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 3.45%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 27.3% and 55.3%, respectively.
Previous days news about Helios Technologies (HLIO)
- Do options traders know something about helios technologies (hlio) stock we don't?. According to Zacks on Friday, 6 September, "Given the way analysts feel about Helios Technologies right now, this huge implied volatility could mean there’s a trade developing. ", "Currently, Helios Technologies is a Zacks Rank #5 (Strong Sell) in the Manufacturing – General Industrial industry that ranks in the Bottom 34% of our Zacks Industry Rank. "
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%.
