(VIANEWS) – Invesco Trust for Investment Grade Municipals (VGM), Nuveen Global High Income Fund (JGH), IF Bancorp (IROQ) 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 issue them.
When investigating 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. Invesco Trust for Investment Grade Municipals (VGM)
4625% Payout Ratio
Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Trust for Investment Grade Municipals has a trailing twelve months EPS of $0.01.
PE Ratio
Invesco Trust for Investment Grade Municipals has a trailing twelve months price to earnings ratio of 987. Meaning, the purchaser of the share is investing $987 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 negative -0.01%.
Yearly Top and Bottom Value
Invesco Trust for Investment Grade Municipals’s stock is valued at $9.87 at 19:23 EST, under its 52-week high of $10.28 and way above its 52-week low of $8.15.
Revenue Growth
Year-on-year quarterly revenue growth declined by 0.1%, now sitting on 44.36M for the twelve trailing months.
Volume
Today’s last reported volume for Invesco Trust for Investment Grade Municipals is 12444 which is 94.52% below its average volume of 227373.
Moving Average
Invesco Trust for Investment Grade Municipals’s worth is higher than its 50-day moving average of $9.74 and higher than its 200-day moving average of $9.40.
2. Nuveen Global High Income Fund (JGH)
94.12% Payout Ratio
Nuveen Global High Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S. high-yield bonds from developed and emerging markets, corporate debt securities, U.S. and foreign government debt securities, mortgage and asset-backed securities, preferred securities, secured and unsecured loans, and convertible debt securities. It seeks to invest in below investment grade securities rated BB/Ba or lower. The fund uses a diversified global high-income strategy, which blends high-yield bonds and other income producing securities from around the world, and across the capital structure and credit spectrum, to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Global High Yield Index. Nuveen Global High Income Fund was formed on August 5, 2014 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Global High Income Fund has a trailing twelve months EPS of $1.37.
PE Ratio
Nuveen Global High Income Fund has a trailing twelve months price to earnings ratio of 9.28. Meaning, the purchaser of the share is investing $9.28 for every dollar of annual earnings.
Volume
Today’s last reported volume for Nuveen Global High Income Fund is 81679 which is 8.17% above its average volume of 75509.
3. IF Bancorp (IROQ)
65.57% 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 $0.61.
PE Ratio
IF Bancorp has a trailing twelve months price to earnings ratio of 27.87. Meaning, the purchaser of the share is investing $27.87 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 2.68%.
Volume
Today’s last reported volume for IF Bancorp is 1449 which is 45.58% below its average volume of 2663.
Revenue Growth
Year-on-year quarterly revenue growth declined by 27.5%, now sitting on 22.35M for the twelve trailing months.
Moving Average
IF Bancorp’s worth is higher than its 50-day moving average of $16.04 and way above its 200-day moving average of $15.06.
4. Nexstar Media Group (NXST)
42.24% Payout Ratio
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
Earnings Per Share
As for profitability, Nexstar Media Group has a trailing twelve months EPS of $11.71.
PE Ratio
Nexstar Media Group has a trailing twelve months price to earnings ratio of 14.84. Meaning, the purchaser of the share is investing $14.84 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 13.17%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 20.8% and positive 66.3% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Nexstar Media Group’s EBITDA is 33.51.
Moving Average
Nexstar Media Group’s worth is higher than its 50-day moving average of $164.57 and above its 200-day moving average of $158.49.
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%.
