(VIANEWS) – Invesco Trust for Investment Grade New York Municipals (VTN), Phibro Animal Health Corporation (PAHC), KeyCorp (KEY) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio as yet. 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 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. Invesco Trust for Investment Grade New York Municipals (VTN)
264.38% Payout Ratio
Invesco Trust for Investment Grade New York 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 New York 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 New York Municipals. Invesco Trust for Investment Grade New York Municipals was formed on March 27, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Trust for Investment Grade New York Municipals has a trailing twelve months EPS of $0.16.
PE Ratio
Invesco Trust for Investment Grade New York Municipals has a trailing twelve months price to earnings ratio of 63.56. Meaning, the purchaser of the share is investing $63.56 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 1.41%.
Volume
Today’s last reported volume for Invesco Trust for Investment Grade New York Municipals is 45169 which is 48.82% below its average volume of 88271.
Revenue Growth
Year-on-year quarterly revenue growth grew by 5.1%, now sitting on 15.18M for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Dec 13, 2023, the estimated forward annual dividend rate is 0.38 and the estimated forward annual dividend yield is 3.79%.
Yearly Top and Bottom Value
Invesco Trust for Investment Grade New York Municipals’s stock is valued at $10.17 at 10:23 EST, below its 52-week high of $10.95 and way higher than its 52-week low of $8.49.
2. Phibro Animal Health Corporation (PAHC)
94.12% Payout Ratio
Phibro Animal Health Corporation develops, manufactures, and supplies a range of animal health and mineral nutrition products for livestock primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture. Its animal health products also comprise antibacterials that are biological or chemical products used in the animal health industry to treat or to prevent bacterial diseases; anticoccidials primarily used to prevent and control the disease coccidiosis in poultry and cattle; anthelmintics to treat infestations of parasitic intestinal worms; and anti-bloat treatment products for cattle to control bloat in animals grazing on legume or wheat-pasture. In addition, the company offers nutritional specialty products, which enhance nutrition to help improve health and performance; and vaccines to prevent diseases primarily for the poultry and swine markets. Further, it manufactures and markets formulations and concentrations of trace minerals, such as zinc, manganese, copper, iron, and other compounds; and various specialty ingredients for use in the personal care, industrial chemical, and chemical catalyst industries. The company sells its animal health and mineral nutrition products through local sales offices to integrated poultry, swine, and cattle integrators, as well as through commercial animal feed manufacturers, wholesalers, and distributors. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company was formerly known as Philipp Brothers Chemicals, Inc. and changed its name to Phibro Animal Health Corporation in July 2003. Phibro Animal Health Corporation was incorporated in 2014 and is headquartered in Teaneck, New Jersey.
Earnings Per Share
As for profitability, Phibro Animal Health Corporation has a trailing twelve months EPS of $0.51.
PE Ratio
Phibro Animal Health Corporation has a trailing twelve months price to earnings ratio of 21.73. Meaning, the purchaser of the share is investing $21.73 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 7.74%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 14.7% and positive 3.4% for the next.
Volume
Today’s last reported volume for Phibro Animal Health Corporation is 104686 which is 38.6% below its average volume of 170504.
Moving Average
Phibro Animal Health Corporation’s value is below its 50-day moving average of $11.28 and way below its 200-day moving average of $13.65.
3. KeyCorp (KEY)
66.67% Payout Ratio
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
Earnings Per Share
As for profitability, KeyCorp has a trailing twelve months EPS of $1.23.
PE Ratio
KeyCorp has a trailing twelve months price to earnings ratio of 11.7. Meaning, the purchaser of the share is investing $11.7 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 9.7%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 16.6%, now sitting on 6.09B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 39.5% and a negative 16.7%, respectively.
4. DTE Energy Company (DTE)
62.98% 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 $6.05.
PE Ratio
DTE Energy Company has a trailing twelve months price to earnings ratio of 18.18. Meaning, the purchaser of the share is investing $18.18 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 12.53%.
5. Packaging Corporation of America (PKG)
57.41% Payout Ratio
Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization, independent brokers, and distribution partners. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers. This segment sells white papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.
Earnings Per Share
As for profitability, Packaging Corporation of America has a trailing twelve months EPS of $8.71.
PE Ratio
Packaging Corporation of America has a trailing twelve months price to earnings ratio of 19.29. Meaning, the purchaser of the share is investing $19.29 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 20.05%.
Moving Average
Packaging Corporation of America’s value is higher than its 50-day moving average of $153.96 and way higher than its 200-day moving average of $142.30.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 21, 2023, the estimated forward annual dividend rate is 5 and the estimated forward annual dividend yield is 2.95%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Packaging Corporation of America’s EBITDA is 2.21.
Yearly Top and Bottom Value
Packaging Corporation of America’s stock is valued at $168.05 at 10:23 EST, below its 52-week high of $171.61 and way above its 52-week low of $122.20.
6. Lockheed Martin Corporation (LMT)
43.92% Payout Ratio
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
Earnings Per Share
As for profitability, Lockheed Martin Corporation has a trailing twelve months EPS of $27.34.
PE Ratio
Lockheed Martin Corporation has a trailing twelve months price to earnings ratio of 16.12. Meaning, the purchaser of the share is investing $16.12 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 65.59%.
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%.
