(VIANEWS) – Magyar Bancorp (MGYR), Atlantic Union Bankshares Corporation (AUB), UNITIL Corporation (UTL) are the highest payout ratio stocks on this list.
We have collected information concerning stocks with the highest payout ratio up to now. The payout ratio in itself isn’t a guarantee 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. Magyar Bancorp (MGYR)
106.25% Payout Ratio
Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various banking services in the United States. It accepts various deposit accounts, including demand, NOW, money market, savings, retirement, and certificates of deposit accounts. The company also offers residential mortgage loans; commercial real estate, commercial business, and construction loans; and consumer loans, which consist of home equity lines of credit and stock-secured demand loans. In addition, it provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey; and a loan product office located in Keyport, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.
Earnings Per Share
As for profitability, Magyar Bancorp has a trailing twelve months EPS of $0.16.
PE Ratio
Magyar Bancorp has a trailing twelve months price to earnings ratio of 78.12. Meaning, the purchaser of the share is investing $78.12 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 7.01%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 4.5%, now sitting on 30.04M for the twelve trailing months.
Yearly Top and Bottom Value
Magyar Bancorp’s stock is valued at $12.50 at 02:23 EST, below its 52-week high of $12.71 and way above its 52-week low of $9.00.
Moving Average
Magyar Bancorp’s worth is way above its 50-day moving average of $11.29 and way above its 200-day moving average of $10.89.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 8, 2024, the estimated forward annual dividend rate is 0.2 and the estimated forward annual dividend yield is 1.6%.
2. Atlantic Union Bankshares Corporation (AUB)
56.25% Payout Ratio
Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services. It also provides loans for commercial, industrial, residential mortgage, and consumer purposes, as well as debit and credit cards. In addition, it provides treasury management and capital market, wealth management, private banking, trust, financial and retirement planning, brokerage, investment management, equipment finance, mortgage banking, and insurance products and services. The company offers products and services through full-service branches and ATMs, as well as through its mobile and internet banking. The company was formerly known as Union Bankshares Corporation and changed its name to Atlantic Union Bankshares Corporation in May 2019. Atlantic Union Bankshares Corporation was founded in 1902 and is headquartered in Glen Allen, Virginia.
Earnings Per Share
As for profitability, Atlantic Union Bankshares Corporation has a trailing twelve months EPS of $2.24.
PE Ratio
Atlantic Union Bankshares Corporation has a trailing twelve months price to earnings ratio of 18.67. Meaning, the purchaser of the share is investing $18.67 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 6.8%.
Sales Growth
Atlantic Union Bankshares Corporation’s sales growth is 25.7% for the present quarter and 25.4% for the next.
3. UNITIL Corporation (UTL)
54.67% Payout Ratio
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts. It also operates 86 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides real estate management services. It serves approximately 108,100 electric customers and 87,500 natural gas customers. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.
Earnings Per Share
As for profitability, UNITIL Corporation has a trailing twelve months EPS of $3.
PE Ratio
UNITIL Corporation has a trailing twelve months price to earnings ratio of 19.62. Meaning, the purchaser of the share is investing $19.62 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 9.69%.
Volume
Today’s last reported volume for UNITIL Corporation is 3736 which is 93.76% below its average volume of 59914.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 15, 2024, the estimated forward annual dividend rate is 1.7 and the estimated forward annual dividend yield is 2.92%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 12% and a drop 88.9% for the next.
4. First Bancorp (FNLC)
44.4% Payout Ratio
The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also provides commercial real estate loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; commercial construction loans to finance construction of owner- and non-owner occupied commercial real estate properties; and other commercial loans, which include revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, it offers municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans that include amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. Further, the company provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as payment processing services. It operates through 18 full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.
Earnings Per Share
As for profitability, First Bancorp has a trailing twelve months EPS of $2.37.
PE Ratio
First Bancorp has a trailing twelve months price to earnings ratio of 12.41. Meaning, the purchaser of the share is investing $12.41 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 11.05%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 4.7%, now sitting on 77.08M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jul 9, 2024, the estimated forward annual dividend rate is 1.44 and the estimated forward annual dividend yield is 4.89%.
5. First Community Bankshares (FCBC)
41.28% Payout Ratio
First Community Bankshares, Inc. operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement arrangements; commercial, consumer, and real estate mortgage loans, as well as lines of credit; various credit and debit cards, and automated teller machine card services; and corporate and personal trust services. The company also provides wealth management services, including trust management, estate administration, and investment advisory services; and investment management services. It serves individuals and businesses across various industries, such as education, government, and health services; coal mining and gas extraction; retail trade; construction; manufacturing; tourism; and transportation. As of December 31, 2021, the company operated 49 branches, including 17 branches in West Virginia, 23 branches in Virginia, 7 branches in North Carolina, and 2 branches in Tennessee. First Community Bankshares, Inc. was founded in 1874 and is headquartered in Bluefield, Virginia.
Earnings Per Share
As for profitability, First Community Bankshares has a trailing twelve months EPS of $2.81.
PE Ratio
First Community Bankshares has a trailing twelve months price to earnings ratio of 15.95. Meaning, the purchaser of the share is investing $15.95 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 10.31%.
Moving Average
First Community Bankshares’s value is way above its 50-day moving average of $36.54 and way higher than its 200-day moving average of $34.54.
Sales Growth
First Community Bankshares’s sales growth is negative 1.9% for the current quarter and 2% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.5%, now sitting on 164.34M for the twelve trailing months.
Volume
Today’s last reported volume for First Community Bankshares is 62093 which is 70.04% above its average volume of 36516.
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%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 1% and 1%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
Volume
Today’s last reported volume for 1 is 1 which is 1% above its average volume of 1.
