(VIANEWS) – Gulf Coast Ultra Deep Royalty Trust (GULTU), IF Bancorp (IROQ), TrustCo Bank Corp NY (TRST) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. 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 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. Gulf Coast Ultra Deep Royalty Trust (GULTU)
415.29% Payout Ratio
Gulf Coast Ultra Deep Royalty Trust operates as a statutory trust. It holds a 5% gross overriding royalty interest in future production from the McMoRan Oil & Gas LLC inboard lower tertiary/cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana. The company was incorporated in 2012 and is based in Houston, Texas.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Apr 27, 2023, the estimated forward annual dividend rate is 0.01 and the estimated forward annual dividend yield is 60.02%.
2. IF Bancorp (IROQ)
70.18% Payout Ratio
IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily comprising automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.
Earnings Per Share
As for profitability, IF Bancorp has a trailing twelve months EPS of $0.57.
PE Ratio
IF Bancorp has a trailing twelve months price to earnings ratio of 35.88. Meaning, the purchaser of the share is investing $35.88 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 2.46%.
Moving Average
IF Bancorp’s value is way higher than its 50-day moving average of $18.19 and way higher than its 200-day moving average of $16.97.
3. TrustCo Bank Corp NY (TRST)
55.6% Payout Ratio
TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals, partnerships, and corporations. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts. As of December 31, 2020, it operated 148 banking offices and 164 automatic teller machines in New York, New Jersey, Vermont, Massachusetts, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.
Earnings Per Share
As for profitability, TrustCo Bank Corp NY has a trailing twelve months EPS of $2.59.
PE Ratio
TrustCo Bank Corp NY has a trailing twelve months price to earnings ratio of 12.29. Meaning, the purchaser of the share is investing $12.29 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 7.71%.
Sales Growth
TrustCo Bank Corp NY’s sales growth is negative 13.5% for the present quarter and negative 9.6% for the next.
Volume
Today’s last reported volume for TrustCo Bank Corp NY is 105486 which is 24.2% above its average volume of 84928.
4. Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX)
44.67% Payout Ratio
Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the stocks of large-cap companies. The fund also invests through index call options. It seeks to replicate the performance of its portfolio against the NASDAQ 100 Index. The fund was previously known as NASDAQ Premium Income & Growth Fund Inc. Nuveen Nasdaq 100 Dynamic Overwrite Fund was formed on January 30, 2007 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen NASDAQ 100 Dynamic Overwrite Fund has a trailing twelve months EPS of $4.91.
PE Ratio
Nuveen NASDAQ 100 Dynamic Overwrite Fund has a trailing twelve months price to earnings ratio of 5.13. Meaning, the purchaser of the share is investing $5.13 for every dollar of annual earnings.
5. Landmark Bancorp (LARK)
39.81% Payout Ratio
Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as certificates of deposit. The company also provides one-to-four family residential real estate, construction and land, commercial real estate, commercial, paycheck protection program, municipal, and agriculture loans; and consumer and other loans, including automobile, boat, and home improvement and home equity loans, as well as insurance, and mobile and online banking services. In addition, the company invests in certain investment and mortgage-related securities. It operates in the eastern, central, southeast, and southwest Kansas. The company was founded in 1885 and is headquartered in Manhattan, Kansas.
Earnings Per Share
As for profitability, Landmark Bancorp has a trailing twelve months EPS of $2.06.
PE Ratio
Landmark Bancorp has a trailing twelve months price to earnings ratio of 9.71. Meaning, the purchaser of the share is investing $9.71 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%.
Yearly Top and Bottom Value
Landmark Bancorp’s stock is valued at $20.01 at 08:23 EST, below its 52-week high of $21.78 and way higher than its 52-week low of $15.70.
Moving Average
Landmark Bancorp’s worth is under its 50-day moving average of $20.22 and above its 200-day moving average of $19.74.
Volume
Today’s last reported volume for Landmark Bancorp is 188 which is 92.18% below its average volume of 2406.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2%, now sitting on 55.91M for the twelve trailing months.
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%.
