(VIANEWS) – Voya Global Advantage and Premium Opportunity Fund (IGA), Plains All American Pipeline, L.P. (PAA), Eaton Vance Corporation Eaton Vance Tax (ETW) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio as yet. 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 issue them.
When researching 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. Voya Global Advantage and Premium Opportunity Fund (IGA)
106.49% Payout Ratio
Voya Global Advantage and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC, Voya Investment Management Co. LLC, and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies across all market capitalizations. The fund also invests through index call options on selected indices, equities, and/or exchange-traded funds. It employs fundamental analysis with a bottom-up stock picking approach and a proprietary discounted cash flow valuation model, focusing on such factors as sales, margins, and capital use to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index. It was formerly known as ING Global Advantage and Premium Opportunity Fund. Voya Global Advantage and Premium Opportunity Fund was formed on July 7, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Voya Global Advantage and Premium Opportunity Fund has a trailing twelve months EPS of $0.74.
PE Ratio
Voya Global Advantage and Premium Opportunity Fund has a trailing twelve months price to earnings ratio of 12.84. Meaning, the purchaser of the share is investing $12.84 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 6.85%.
Moving Average
Voya Global Advantage and Premium Opportunity Fund’s value is above its 50-day moving average of $9.28 and above its 200-day moving average of $8.87.
Volume
Today’s last reported volume for Voya Global Advantage and Premium Opportunity Fund is 40078 which is 30.67% below its average volume of 57815.
Yearly Top and Bottom Value
Voya Global Advantage and Premium Opportunity Fund’s stock is valued at $9.50 at 20:23 EST, below its 52-week high of $9.62 and way above its 52-week low of $7.77.
Revenue Growth
Year-on-year quarterly revenue growth declined by 3.7%, now sitting on 5.6M for the twelve trailing months.
2. Plains All American Pipeline, L.P. (PAA)
105.41% Payout Ratio
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGL). The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. The Natural Gas Liquids segment provides gathering, fractionation, storage, transportation, and terminalling activities. This segment also involved in ethane, propane, normal butane, iso-butane, and natural gasoline, as well as crude oil refining processes. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.
Earnings Per Share
As for profitability, Plains All American Pipeline, L.P. has a trailing twelve months EPS of $1.11.
PE Ratio
Plains All American Pipeline, L.P. has a trailing twelve months price to earnings ratio of 15.55. Meaning, the purchaser of the share is investing $15.55 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%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jul 31, 2024, the estimated forward annual dividend rate is 1.27 and the estimated forward annual dividend yield is 7.25%.
Moving Average
Plains All American Pipeline, L.P.’s worth is below its 50-day moving average of $17.67 and higher than its 200-day moving average of $17.07.
Volume
Today’s last reported volume for Plains All American Pipeline, L.P. is 1250450 which is 44.48% below its average volume of 2252310.
Revenue Growth
Year-on-year quarterly revenue growth grew by 11.5%, now sitting on 49.7B for the twelve trailing months.
3. Eaton Vance Corporation Eaton Vance Tax (ETW)
71.37% Payout Ratio
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund also writes call options on one or more U.S. and foreign indices on a substantial portion of the value of its common stock portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index, the CBOE S&P 500 BuyWrite Index, the CBOE NASDAQ-100 BuyWrite Index, and the FTSE Eurotop 100 Index. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund was formed on September 30, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Eaton Vance Corporation Eaton Vance Tax has a trailing twelve months EPS of $1.01.
PE Ratio
Eaton Vance Corporation Eaton Vance Tax has a trailing twelve months price to earnings ratio of 8.5. Meaning, the purchaser of the share is investing $8.5 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 11.03%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 30%, now sitting on 25.07M for the twelve trailing months.
4. Alliancebernstein Global High Income Fund (AWF)
53.84% Payout Ratio
AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprised of JPMorgan Government Bond Index-Emerging Markets, JPMorgan Emerging Markets Bond Index Global, and the Barclays U.S. Corporate High Yield 2% Issuer Capped Index. It was previously known as Alliance World Dollar Government Fund II, Inc. AllianceBernstein Global High Income Fund was formed on May 20, 1993 and is domiciled in the United States.
Earnings Per Share
As for profitability, Alliancebernstein Global High Income Fund has a trailing twelve months EPS of $1.46.
PE Ratio
Alliancebernstein Global High Income Fund has a trailing twelve months price to earnings ratio of 7.75. Meaning, the purchaser of the share is investing $7.75 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 13.32%.
5. The York Water Company (YORW)
52.19% Payout Ratio
The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships. It serves customers in the fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, air conditioning systems, laundry detergents, barbells, and motorcycle industries in 56 municipalities within four counties in south-central Pennsylvania. The York Water Company was incorporated in 1816 and is based in York, Pennsylvania.
Earnings Per Share
As for profitability, The York Water Company has a trailing twelve months EPS of $1.6.
PE Ratio
The York Water Company has a trailing twelve months price to earnings ratio of 22.31. Meaning, the purchaser of the share is investing $22.31 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 10.46%.
6. Newmark Group (NMRK)
48% Payout Ratio
Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc. is a subsidiary of Cantor Fitzgerald, L.P.
Earnings Per Share
As for profitability, Newmark Group has a trailing twelve months EPS of $0.25.
PE Ratio
Newmark Group has a trailing twelve months price to earnings ratio of 63.8. Meaning, the purchaser of the share is investing $63.8 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 4.24%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 7.4% and 2.2%, respectively.
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%.
