(VIANEWS) – AllianzGI Convertible & Income Fund (NCV), Madison Covered Call & Equity Strategy Fund (MCN), Lancaster Colony Corporation (LANC) 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 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. AllianzGI Convertible & Income Fund (NCV)
462.78% Payout Ratio
Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianzGI Convertible & Income Fund has a trailing twelve months EPS of $0.09.
PE Ratio
AllianzGI Convertible & Income Fund has a trailing twelve months price to earnings ratio of 34.89. Meaning, the purchaser of the share is investing $34.89 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 1.88%.
Yearly Top and Bottom Value
AllianzGI Convertible & Income Fund’s stock is valued at $3.14 at 14:23 EST, way under its 52-week high of $3.59 and way above its 52-week low of $2.84.
Moving Average
AllianzGI Convertible & Income Fund’s value is below its 50-day moving average of $3.23 and under its 200-day moving average of $3.24.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on May 10, 2024, the estimated forward annual dividend rate is 0.41 and the estimated forward annual dividend yield is 12.99%.
2. Madison Covered Call & Equity Strategy Fund (MCN)
98.63% 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 $0.73.
PE Ratio
Madison Covered Call & Equity Strategy Fund has a trailing twelve months price to earnings ratio of 9.67. Meaning, the purchaser of the share is investing $9.67 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 10.3%.
3. Lancaster Colony Corporation (LANC)
73.56% Payout Ratio
Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand. It also manufactures and sells other products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces, and Chick-fil-A sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. Lancaster Colony Corporation was incorporated in 1961 and is based in Westerville, Ohio.
Earnings Per Share
As for profitability, Lancaster Colony Corporation has a trailing twelve months EPS of $4.69.
PE Ratio
Lancaster Colony Corporation has a trailing twelve months price to earnings ratio of 39.88. Meaning, the purchaser of the share is investing $39.88 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 14.45%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 55.1% and 327.3%, respectively.
Moving Average
Lancaster Colony Corporation’s worth is below its 50-day moving average of $199.08 and above its 200-day moving average of $180.40.
4. Saga Communications (SGA)
64.52% Payout Ratio
Saga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2022, it owned seventy-nine FM, thirty- four AM radio stations, and seventy-nine metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.
Earnings Per Share
As for profitability, Saga Communications has a trailing twelve months EPS of $1.55.
PE Ratio
Saga Communications has a trailing twelve months price to earnings ratio of 14.68. Meaning, the purchaser of the share is investing $14.68 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 5.44%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 15, 2024, the estimated forward annual dividend rate is 1.6 and the estimated forward annual dividend yield is 7.05%.
5. Banco Bradesco (BBD)
47.55% 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; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency 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 $0.25.
PE Ratio
Banco Bradesco has a trailing twelve months price to earnings ratio of 11.06. Meaning, the purchaser of the share is investing $11.06 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 8.87%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 30.1%, now sitting on 68.35B for the twelve trailing months.
Yearly Top and Bottom Value
Banco Bradesco’s stock is valued at $2.77 at 14:23 EST, way below its 52-week high of $3.68 and above its 52-week low of $2.60.
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%.
