(VIANEWS) – Magellan Midstream Partners L.P. Limited Partnership (MMP), OceanFirst Financial Corp. (OCFC), Nuveen Massachusetts Premium Income Municipal Fund (NMT) have the highest dividend yield stocks on this list.
| Financial Asset | Forward Dividend Yield | Updated (EST) |
|---|---|---|
| Magellan Midstream Partners L.P. Limited Partnership (MMP) | 7.86% | 2023-02-21 23:48:16 |
| OceanFirst Financial Corp. (OCFC) | 3.25% | 2023-02-07 23:09:10 |
| Nuveen Massachusetts Premium Income Municipal Fund (NMT) | 2.88% | 2023-02-22 09:13:11 |
| Automatic Data Processing (ADP) | 2.23% | 2023-02-26 07:56:09 |
Close to 2K companies listed in the Nasdaq and NYSE pay out dividends to its shareholders. The dividend yield is a dividend to price ratio showing how much a company pays out in dividends each year.
1. Magellan Midstream Partners L.P. Limited Partnership (MMP) – Dividend Yield: 7.86%
Magellan Midstream Partners L.P. Limited Partnership’s last close was $52.98, 12.5% below its 52-week high of $60.55. Intraday change was -0.62%.
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2019, it had 9,800-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
Earnings Per Share
As for profitability, Magellan Midstream Partners L.P. Limited Partnership has a trailing twelve months EPS of $3.62.
PE Ratio
Magellan Midstream Partners L.P. Limited Partnership has a trailing twelve months price to earnings ratio of 14.64. Meaning, the purchaser of the share is investing $14.64 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 47.07%.
More news about Magellan Midstream Partners L.P. Limited Partnership.
2. OceanFirst Financial Corp. (OCFC) – Dividend Yield: 3.25%
OceanFirst Financial Corp.’s last close was $24.88, 0.16% below its 52-week high of $24.92. Intraday change was 1.02%.
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
Earnings Per Share
As for profitability, OceanFirst Financial Corp. has a trailing twelve months EPS of $2.42.
PE Ratio
OceanFirst Financial Corp. has a trailing twelve months price to earnings ratio of 10.28. Meaning, the purchaser of the share is investing $10.28 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 9.5%.
Sales Growth
OceanFirst Financial Corp.’s sales growth is 27.2% for the ongoing quarter and 20.3% for the next.
Moving Average
OceanFirst Financial Corp.’s value is way above its 50-day moving average of $22.39 and way higher than its 200-day moving average of $20.71.
Volume
Today’s last reported volume for OceanFirst Financial Corp. is 186540 which is 17.4% below its average volume of 225859.
Revenue Growth
Year-on-year quarterly revenue growth grew by 42.4%, now sitting on 428.8M for the twelve trailing months.
More news about OceanFirst Financial Corp..
3. Nuveen Massachusetts Premium Income Municipal Fund (NMT) – Dividend Yield: 2.88%
Nuveen Massachusetts Premium Income Municipal Fund’s last close was $10.71, 20.9% under its 52-week high of $13.54. Intraday change was -1.29%.
Nuveen Massachusetts Quality Municipal 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 the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes. It seeks to invest in investment grade securities that are rated Baa/BBB or above by S&P, Moody's, or Fitch. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) Massachusetts Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Massachusetts Premium Income Municipal Fund. Nuveen Massachusetts Quality Municipal Income Fund was formed on January 12, 1993 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Massachusetts Premium Income Municipal Fund has a trailing twelve months EPS of $0.53.
PE Ratio
Nuveen Massachusetts Premium Income Municipal Fund has a trailing twelve months price to earnings ratio of 20.21. Meaning, the purchaser of the share is investing $20.21 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 -18.73%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.2%, now sitting on 6.92M for the twelve trailing months.
Moving Average
Nuveen Massachusetts Premium Income Municipal Fund’s value is under its 50-day moving average of $10.88 and under its 200-day moving average of $11.19.
More news about Nuveen Massachusetts Premium Income Municipal Fund.
4. Automatic Data Processing (ADP) – Dividend Yield: 2.23%
Automatic Data Processing’s last close was $221.58, 19.4% below its 52-week high of $274.92. Intraday change was -0.8%.
Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services, as well as integrated HCM solutions. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, expertise, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
Earnings Per Share
As for profitability, Automatic Data Processing has a trailing twelve months EPS of $5.76.
PE Ratio
Automatic Data Processing has a trailing twelve months price to earnings ratio of 38.4. Meaning, the purchaser of the share is investing $38.4 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 78.3%.
Moving Average
Automatic Data Processing’s worth is under its 50-day moving average of $234.69 and below its 200-day moving average of $233.83.
Yearly Top and Bottom Value
Automatic Data Processing’s stock is valued at $220.99 at 16:15 EST, way under its 52-week high of $274.92 and way higher than its 52-week low of $196.61.
Sales Growth
Automatic Data Processing’s sales growth is 8.1% for the ongoing quarter and 6.9% for the next.
More news about Automatic Data Processing.
