(VIANEWS) – Highway Holdings Limited (HIHO), Southside Bancshares (SBSI), Westamerica Bancorporation (WABC) are the highest payout ratio stocks on this list.
We have gathered information regarding stocks with the highest payout ratio up to now. The payout ratio in itself isn’t a guarantee 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. Highway Holdings Limited (HIHO)
227.27% Payout Ratio
Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electronic components, subassemblies, and finished products for original equipment manufacturers (OEMs) and contract manufacturers. It operates through two segments, Metal Stamping and Mechanical OEM; and Electric OEM. The company also trades in plastic injection products; and manufactures and assembles automation equipment. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. In addition, the company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process, as well as provides an array of other manufacturing and engineering services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. It operates in Hong Kong and China, Europe, North America, and other Asian countries. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.
Earnings Per Share
As for profitability, Highway Holdings Limited has a trailing twelve months EPS of $0.11.
PE Ratio
Highway Holdings Limited has a trailing twelve months price to earnings ratio of 19.09. Meaning, the purchaser of the share is investing $19.09 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 4.75%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Highway Holdings Limited’s EBITDA is 0.25.
Volume
Today’s last reported volume for Highway Holdings Limited is 11036 which is 57.29% above its average volume of 7016.
Moving Average
Highway Holdings Limited’s value is under its 50-day moving average of $2.25 and under its 200-day moving average of $2.20.
2. Southside Bancshares (SBSI)
41.72% Payout Ratio
Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also offers wealth management and trust services consisting of investment management, administration, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of December 31, 2021, the company operated through 56 banking facilities and 73 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
Earnings Per Share
As for profitability, Southside Bancshares has a trailing twelve months EPS of $3.17.
PE Ratio
Southside Bancshares has a trailing twelve months price to earnings ratio of 10.44. Meaning, the purchaser of the share is investing $10.44 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 12.67%.
Moving Average
Southside Bancshares’s worth is way under its 50-day moving average of $37.06 and way under its 200-day moving average of $37.07.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Feb 14, 2023, the estimated forward annual dividend rate is 1.4 and the estimated forward annual dividend yield is 4.11%.
Volume
Today’s last reported volume for Southside Bancshares is 831002 which is 596.2% above its average volume of 119361.
Sales Growth
Southside Bancshares’s sales growth is 17.8% for the current quarter and 18% for the next.
3. Westamerica Bancorporation (WABC)
37% Payout Ratio
Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as other loans primarily consisting of indirect automobile loans. Westamerica Bancorporation operates through 79 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.
Earnings Per Share
As for profitability, Westamerica Bancorporation has a trailing twelve months EPS of $3.1.
PE Ratio
Westamerica Bancorporation has a trailing twelve months price to earnings ratio of 15.73. Meaning, the purchaser of the share is investing $15.73 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 17.08%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 2, 2023, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 2.99%.
4. Reinsurance Group of America (RGA)
33.22% Payout Ratio
Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. The company also provides reinsurance for mortality, morbidity, lapse, and investment-related risk associated with products; and reinsurance for investment-related risks. In addition, it develops and markets technology solutions; and provides consulting and outsourcing solutions for the insurance and reinsurance industries. The company serves life insurance companies in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. Reinsurance Group of America, Incorporated was founded in 1973 and is headquartered in Chesterfield, Missouri.
Earnings Per Share
As for profitability, Reinsurance Group of America has a trailing twelve months EPS of $8.91.
PE Ratio
Reinsurance Group of America has a trailing twelve months price to earnings ratio of 15.01. Meaning, the purchaser of the share is investing $15.01 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 7.27%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Reinsurance Group of America’s EBITDA is 0.67.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 12, 2023, the estimated forward annual dividend rate is 3.2 and the estimated forward annual dividend yield is 2.31%.
Yearly Top and Bottom Value
Reinsurance Group of America’s stock is valued at $133.74 at 02:23 EST, way under its 52-week high of $153.35 and way higher than its 52-week low of $99.81.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 612.8% and a drop 28% for the next.
