(VIANEWS) – Middlesex Water Company (MSEX), Steelcase (SCS), Packaging Corporation of America (PKG) are the highest payout ratio stocks on this list.
We have collected information regarding stocks with the highest payout ratio up until 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. Middlesex Water Company (MSEX)
67.93% Payout Ratio
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Earnings Per Share
As for profitability, Middlesex Water Company has a trailing twelve months EPS of $1.84.
PE Ratio
Middlesex Water Company has a trailing twelve months price to earnings ratio of 36.73. Meaning, the purchaser of the share is investing $36.73 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 8.01%.
Moving Average
Middlesex Water Company’s worth is higher than its 50-day moving average of $65.17 and below its 200-day moving average of $74.40.
2. Steelcase (SCS)
63.49% Payout Ratio
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Designtex, Coalesse, AMQ, Smith System, Orangebox, and Viccarbe brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
Earnings Per Share
As for profitability, Steelcase has a trailing twelve months EPS of $0.63.
PE Ratio
Steelcase has a trailing twelve months price to earnings ratio of 22.06. Meaning, the purchaser of the share is investing $22.06 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 8.96%.
Sales Growth
Steelcase’s sales growth for the current quarter is negative 2.2%.
Moving Average
Steelcase’s worth is way higher than its 50-day moving average of $11.79 and way higher than its 200-day moving average of $9.15.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 2, 2024, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 2.83%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Steelcase’s EBITDA is 0.62.
Previous days news about Steelcase (SCS)
- Steelcase inc. (scs) hit a 52 week high, can the run continue?. According to Zacks on Friday, 22 December, "Thus, it seems as though Steelcase shares could have potential in the weeks and months to come.", "Have you been paying attention to shares of Steelcase (SCS Quick QuoteSCS – Free Report) ? "
3. 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 $8.72.
PE Ratio
Packaging Corporation of America has a trailing twelve months price to earnings ratio of 18.74. Meaning, the purchaser of the share is investing $18.74 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%.
Sales Growth
Packaging Corporation of America’s sales growth is negative 3.1% for the present quarter and negative 5.9% for the next.
4. Royce Micro (RMT)
55.26% Payout Ratio
Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million. The fund benchmarks the performance of its portfolios against Russell 2000 Index. Royce Micro-Cap Trust, Inc was formed on December 14, 1993 and is domiciled in the United States.
Earnings Per Share
As for profitability, Royce Micro has a trailing twelve months EPS of $1.52.
PE Ratio
Royce Micro has a trailing twelve months price to earnings ratio of 6.08. Meaning, the purchaser of the share is investing $6.08 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 14.79%.
Volume
Today’s last reported volume for Royce Micro is 138955 which is 23.25% above its average volume of 112742.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10.6%, now sitting on 7.88M for the twelve trailing months.
Moving Average
Royce Micro’s worth is way above its 50-day moving average of $8.28 and above its 200-day moving average of $8.51.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Dec 7, 2023, the estimated forward annual dividend rate is 0.74 and the estimated forward annual dividend yield is 8.16%.
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%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jan 1, 1970, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1%.
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).
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 1% and 1%, respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, 1’s stock is considered to be overbought (>=80).
