(VIANEWS) – Madison Covered Call & Equity Strategy Fund (MCN), Nordic American Tankers Limited (NAT), Lazard LTD (LAZ) 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 promise 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 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. Madison Covered Call & Equity Strategy Fund (MCN)
225% Payout Ratio
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Madison Covered Call & Equity Strategy Fund has a trailing twelve months EPS of $0.32.
PE Ratio
Madison Covered Call & Equity Strategy Fund has a trailing twelve months price to earnings ratio of 23.44. Meaning, the purchaser of the share is investing $23.44 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 4.47%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 14, 2023, the estimated forward annual dividend rate is 0.72 and the estimated forward annual dividend yield is 9.34%.
Yearly Top and Bottom Value
Madison Covered Call & Equity Strategy Fund’s stock is valued at $7.50 at 08:23 EST, way under its 52-week high of $8.60 and way higher than its 52-week low of $6.27.
Revenue Growth
Year-on-year quarterly revenue growth grew by 39.7%, now sitting on 2.78M for the twelve trailing months.
2. Nordic American Tankers Limited (NAT)
157.14% Payout Ratio
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 23 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. Nordic American Tankers Limited was founded in 1995 and is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Nordic American Tankers Limited has a trailing twelve months EPS of $0.07.
PE Ratio
Nordic American Tankers Limited has a trailing twelve months price to earnings ratio of 52.86. Meaning, the purchaser of the share is investing $52.86 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 2.91%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 242.9% and 750%, respectively.
Moving Average
Nordic American Tankers Limited’s worth is above its 50-day moving average of $3.69 and way higher than its 200-day moving average of $3.32.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Nordic American Tankers Limited’s EBITDA is 21.2.
Sales Growth
Nordic American Tankers Limited’s sales growth is 415.6% for the current quarter and 90.3% for the next.
3. Lazard LTD (LAZ)
89.95% Payout Ratio
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, capital advisory, restructurings, shareholder advisory, sovereign advisory, capital raising, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The company's Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Lazard LTD has a trailing twelve months EPS of $2.19.
PE Ratio
Lazard LTD has a trailing twelve months price to earnings ratio of 12.9. Meaning, the purchaser of the share is investing $12.9 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 23.93%.
Sales Growth
Lazard LTD’s sales growth is negative 15.2% for the present quarter and negative 1.5% for the next.
4. DTE Energy Company (DTE)
65.04% Payout Ratio
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is based in Detroit, Michigan.
Earnings Per Share
As for profitability, DTE Energy Company has a trailing twelve months EPS of $5.65.
PE Ratio
DTE Energy Company has a trailing twelve months price to earnings ratio of 19.26. Meaning, the purchaser of the share is investing $19.26 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 11.62%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
DTE Energy Company’s EBITDA is 2.22.
5. Banco Bradesco (BBDO)
53.98% Payout Ratio
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.
Earnings Per Share
As for profitability, Banco Bradesco has a trailing twelve months EPS of $0.32.
PE Ratio
Banco Bradesco has a trailing twelve months price to earnings ratio of 8.5. Meaning, the purchaser of the share is investing $8.5 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 11.82%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 25.3%, now sitting on 79.54B for the twelve trailing months.
Yearly Top and Bottom Value
Banco Bradesco’s stock is valued at $2.72 at 08:23 EST, way under its 52-week high of $3.55 and way higher than its 52-week low of $2.12.
Volume
Today’s last reported volume for Banco Bradesco is 38746 which is 73.95% above its average volume of 22273.
Moving Average
Banco Bradesco’s worth is way higher than its 50-day moving average of $2.46 and higher than its 200-day moving average of $2.65.
6. Interface (TILE)
40% Payout Ratio
Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR band names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in interior finishes; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors; and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Interface has a trailing twelve months EPS of $0.1.
PE Ratio
Interface has a trailing twelve months price to earnings ratio of 70.2. Meaning, the purchaser of the share is investing $70.2 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 1.51%.
Yearly Top and Bottom Value
Interface’s stock is valued at $7.02 at 08:23 EST, way under its 52-week high of $15.05 and above its 52-week low of $6.51.
Previous days news about Interface (TILE)
- According to Zacks on Wednesday, 31 May, "Additionally, an optional NTC thermistor for temperature monitoring and pre-applied Phase Change Thermal Interface Material (PC-TIM) for easy installation are available with the resistor. "
