(VIANEWS) – Invesco Value Municipal Income Trust (IIM), Western Asset Municipal High Income Fund (MHF), BlackRock Capital Investment Corporation (BKCC) are the highest payout ratio stocks on this list.
We have collected information about stocks with the highest payout ratio up to now. The payout ratio in itself isn’t a promise 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. Invesco Value Municipal Income Trust (IIM)
2883% Payout Ratio
Invesco Value Municipal Income Trust 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 previously known as Invesco Insured Municipal Income Trust. Invesco Value Municipal Income Trust was formed on February 26, 1993 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Value Municipal Income Trust has a trailing twelve months EPS of $0.02.
PE Ratio
Invesco Value Municipal Income Trust has a trailing twelve months price to earnings ratio of 582.25. Meaning, the purchaser of the share is investing $582.25 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 0.15%.
Yearly Top and Bottom Value
Invesco Value Municipal Income Trust’s stock is valued at $11.65 at 08:23 EST, under its 52-week high of $12.32 and way higher than its 52-week low of $9.94.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 14, 2024, the estimated forward annual dividend rate is 0.6 and the estimated forward annual dividend yield is 5%.
Volume
Today’s last reported volume for Invesco Value Municipal Income Trust is 44742 which is 62% below its average volume of 117757.
2. Western Asset Municipal High Income Fund (MHF)
133.67% Payout Ratio
Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.
Earnings Per Share
As for profitability, Western Asset Municipal High Income Fund has a trailing twelve months EPS of $0.18.
PE Ratio
Western Asset Municipal High Income Fund has a trailing twelve months price to earnings ratio of 37.5. Meaning, the purchaser of the share is investing $37.5 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 2.71%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.3%, now sitting on 6.7M for the twelve trailing months.
Volume
Today’s last reported volume for Western Asset Municipal High Income Fund is 90748 which is 58.69% above its average volume of 57183.
3. BlackRock Capital Investment Corporation (BKCC)
111.11% Payout Ratio
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million. The fund invests in the form of senior and junior secured, unsecured, and subordinated debt securities and loans including cash flow, asset backed, and junior lien facilities and equity securities. It's equity investments can be structured in the form of warrants, preferred stock, common equity co-investments, and direct investments in common stock. The fund's debt investments are principally structured to provide for current cash interest and to a lesser extent non-cash interest, particularly with subordinated debt investments, through a pay-in-kind (PIK) feature. It can also make non-control investments.
Earnings Per Share
As for profitability, BlackRock Capital Investment Corporation has a trailing twelve months EPS of $0.36.
PE Ratio
BlackRock Capital Investment Corporation has a trailing twelve months price to earnings ratio of 10.22. Meaning, the purchaser of the share is investing $10.22 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 8.27%.
Yearly Top and Bottom Value
BlackRock Capital Investment Corporation’s stock is valued at $3.68 at 08:23 EST, below its 52-week high of $4.03 and way above its 52-week low of $3.03.
Sales Growth
BlackRock Capital Investment Corporation’s sales growth is 9.1% for the present quarter and negative 0.8% for the next.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 14, 2024, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 10.87%.
4. Helmerich & Payne (HP)
44.75% Payout Ratio
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2022, the company operated a fleet of 236 land rigs in North America; 28 international land rigs; and 7 offshore platform rigs. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. In addition, the company owns and operates commercial real estate properties. Its real estate investments include a shopping center comprising approximately 366,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. The company was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Earnings Per Share
As for profitability, Helmerich & Payne has a trailing twelve months EPS of $4.15.
PE Ratio
Helmerich & Payne has a trailing twelve months price to earnings ratio of 10.36. Meaning, the purchaser of the share is investing $10.36 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 15.7%.
Volume
Today’s last reported volume for Helmerich & Payne is 769466 which is 43.78% below its average volume of 1368830.
Sales Growth
Helmerich & Payne’s sales growth is negative 11.7% for the present quarter and negative 4.3% for the next.
Previous days news about Helmerich & Payne (HP)
- According to Zacks on Tuesday, 9 April, "Some better-ranked stocks in the energy sector are Archrock Inc. (AROC Quick QuoteAROC – Free Report) , Hess Midstream LP (HESM Quick QuoteHESM – Free Report) and Helmerich & Payne (HP Quick QuoteHP – Free Report) .", "Archrock presently sports a Zacks Rank #1 (Strong Buy), while Hess Midstream and Helmerich & Payne carry a Zacks Rank #2 (Buy) each. "
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%.
Sales Growth
1’s sales growth is 1% for the present quarter and 1% for the next.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
