Newtek Business Services Corp., Redwood Trust, Another 8 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Newtek Business Services Corp. (NEWT), Redwood Trust (RWT), BlackRock Floating Rate Income Trust (BGT) have the highest dividend yield stocks on this list.

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. Newtek Business Services Corp. (NEWT) – Dividend Yield: 19.19%

Newtek Business Services Corp.’s last close was $11.88, 53.5% below its 52-week high of $25.55. Intraday change was 1.02%.

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp., formerly known as Newtek Business Services Inc., was incorporated on August 26, 2013 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.

Earnings Per Share

As for profitability, Newtek Business Services Corp. has a trailing twelve months EPS of $1.33.

PE Ratio

Newtek Business Services Corp. has a trailing twelve months price to earnings ratio of 8.93. Meaning, the purchaser of the share is investing $8.93 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 8.29%.

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2. Redwood Trust (RWT) – Dividend Yield: 15.94%

Redwood Trust’s last close was $5.55, 46.84% below its 52-week high of $10.44. Intraday change was -2.63%.

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. This segment also offers derivative financial instruments to manage risks associated with residential loans. The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans, such as single-family rental and bridge loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities, and residential and small-balance multifamily bridge loans, as well as residential mortgage-backed securities issued by third parties, Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments, and other housing-related investments. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

Earnings Per Share

As for profitability, Redwood Trust has a trailing twelve months EPS of $-1.57.

Yearly Top and Bottom Value

Redwood Trust’s stock is valued at $5.55 at 03:15 EST, way under its 52-week high of $10.44 and higher than its 52-week low of $5.47.

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is 114.1% and 134.1%, respectively.

Moving Average

Redwood Trust’s value is way below its 50-day moving average of $6.78 and way below its 200-day moving average of $7.27.

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3. BlackRock Floating Rate Income Trust (BGT) – Dividend Yield: 11.56%

BlackRock Floating Rate Income Trust’s last close was $11.08, 8.96% below its 52-week high of $12.17. Intraday change was 0.09%.

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

Earnings Per Share

As for profitability, BlackRock Floating Rate Income Trust has a trailing twelve months EPS of $-0.26.

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 -2.06%.

Volume

Today’s last reported volume for BlackRock Floating Rate Income Trust is 62095 which is 33.88% below its average volume of 93925.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on May 11, 2023, the estimated forward annual dividend rate is 1.3 and the estimated forward annual dividend yield is 11.56%.

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4. Ames National Corporation (ATLO) – Dividend Yield: 5.89%

Ames National Corporation’s last close was $18.35, 26.6% below its 52-week high of $25.00. Intraday change was 2%.

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.

Earnings Per Share

As for profitability, Ames National Corporation has a trailing twelve months EPS of $1.93.

PE Ratio

Ames National Corporation has a trailing twelve months price to earnings ratio of 9.51. Meaning, the purchaser of the share is investing $9.51 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 10.33%.

Volume

Today’s last reported volume for Ames National Corporation is 29848 which is 6.95% below its average volume of 32080.

Yearly Top and Bottom Value

Ames National Corporation’s stock is valued at $18.35 at 03:15 EST, way below its 52-week high of $25.00 and above its 52-week low of $17.86.

Revenue Growth

Year-on-year quarterly revenue growth declined by 13.4%, now sitting on 60.93M for the twelve trailing months.

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5. Camden National Corporation (CAC) – Dividend Yield: 5.55%

Camden National Corporation’s last close was $30.28, 38.33% below its 52-week high of $49.10. Intraday change was 4.49%.

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.

Earnings Per Share

As for profitability, Camden National Corporation has a trailing twelve months EPS of $3.91.

PE Ratio

Camden National Corporation has a trailing twelve months price to earnings ratio of 7.74. Meaning, the purchaser of the share is investing $7.74 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 12.11%.

Volume

Today’s last reported volume for Camden National Corporation is 48487 which is 3.37% below its average volume of 50178.

Dividend Yield

As stated by Morningstar, Inc., the next dividend payment is on Apr 12, 2023, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 5.55%.

Yearly Top and Bottom Value

Camden National Corporation’s stock is valued at $30.28 at 03:15 EST, way under its 52-week high of $49.10 and above its 52-week low of $28.23.

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6. CNA Financial Corporation (CNA) – Dividend Yield: 4.24%

CNA Financial Corporation’s last close was $39.62, 14.83% below its 52-week high of $46.52. Intraday change was -0.88%.

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products. It also provides property insurance products, such as property, marine, boiler, and machinery coverages; casualty insurance products comprising workers' compensation, general and product liability, commercial auto, and umbrella coverages; specialized loss-sensitive insurance programs and total risk management services; and run-off long term care policies. In addition, the company offers long-tail exposures comprising commercial automobile liability, workers compensation, general and medical professional liability, other professional and management liability, and assumed reinsurance run-off and products liability; and short-tail exposures, such as property, commercial automobile physical damage, marine, surety, and warranty. It markets its products through independent agents, brokers, and general underwriters to small, medium, and large businesses; insurance companies; associations; professionals; and other groups in the marine, oil and gas, construction, manufacturing, life science, property, financial services, healthcare, and technology industries. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation operates as a subsidiary of Loews Corporation.

Earnings Per Share

As for profitability, CNA Financial Corporation has a trailing twelve months EPS of $3.29.

PE Ratio

CNA Financial Corporation has a trailing twelve months price to earnings ratio of 11.94. Meaning, the purchaser of the share is investing $11.94 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 9.2%.

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7. Brookfield (BAM) – Dividend Yield: 3.95%

Brookfield’s last close was $31.20, 14.52% under its 52-week high of $36.50. Intraday change was 0.1%.

Brookfield Asset Management Ltd. provides alternative asset management services. Its renewable power and transition business includes the ownership, operation, and development of hydroelectric, wind, solar, and energy transition power generating assets. The company's infrastructure business engages in the ownership, operation, and development of utilities, transport, midstream, data and sustainable resource assets. In addition, its private equity business offers business, infrastructure, and industrials services; and real estate business, which includes core investments, and transitional and development investments. Further, the company engages in the residential development business including homebuilding, and condominium and land development. The company was incorporated in 2022 and is headquartered in Toronto, Canada.

Earnings Per Share

As for profitability, Brookfield has a trailing twelve months EPS of $4.32.

PE Ratio

Brookfield has a trailing twelve months price to earnings ratio of 7.23. Meaning, the purchaser of the share is investing $7.23 for every dollar of annual earnings.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on May 29, 2023, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 3.95%.

Moving Average

Brookfield’s value is under its 50-day moving average of $32.25 and below its 200-day moving average of $32.04.

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8. Unum Group (UNM) – Dividend Yield: 2.85%

Unum Group’s last close was $46.35, 1.36% under its 52-week high of $46.99. Intraday change was -0.33%.

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block and Corporate segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other miscellaneous products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, consultants, and independent contractor agency sales force. Unum Group was founded in 1848 and is based in Chattanooga, Tennessee.

Earnings Per Share

As for profitability, Unum Group has a trailing twelve months EPS of $7.12.

PE Ratio

Unum Group has a trailing twelve months price to earnings ratio of 6.5. Meaning, the purchaser of the share is investing $6.5 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 14.41%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 1.9%, now sitting on 12.05B for the twelve trailing months.

Moving Average

Unum Group’s worth is way higher than its 50-day moving average of $40.90 and way above its 200-day moving average of $41.08.

Volatility

Unum Group’s last week, last month’s, and last quarter’s current intraday variation average was 1.13%, 0.75%, and 1.92%.

Unum Group’s highest amplitude of average volatility was 1.27% (last week), 1.72% (last month), and 1.92% (last quarter).

Earnings Before Interest, Taxes, Depreciation, and Amortization

Unum Group’s EBITDA is 0.95.

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9. Schnitzer Steel Industries (SCHN) – Dividend Yield: 2.72%

Schnitzer Steel Industries’s last close was $27.72, 37.86% under its 52-week high of $44.61. Intraday change was 0.54%.

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors; and finished steel customers are primarily steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

Earnings Per Share

As for profitability, Schnitzer Steel Industries has a trailing twelve months EPS of $2.43.

PE Ratio

Schnitzer Steel Industries has a trailing twelve months price to earnings ratio of 11.41. Meaning, the purchaser of the share is investing $11.41 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 7.99%.

Sales Growth

Schnitzer Steel Industries’s sales growth is negative 18.8% for the ongoing quarter and negative 6.1% for the next.

Revenue Growth

Year-on-year quarterly revenue growth declined by 3.5%, now sitting on 3.26B for the twelve trailing months.

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10. Norfolk Southern (NSC) – Dividend Yield: 2.48%

Norfolk Southern’s last close was $217.74, 17.59% below its 52-week high of $264.22. Intraday change was 0.68%.

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides commuter rail passenger transportation services; and operates an intermodal network. As of December 31, 2022, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.

Earnings Per Share

As for profitability, Norfolk Southern has a trailing twelve months EPS of $12.99.

PE Ratio

Norfolk Southern has a trailing twelve months price to earnings ratio of 16.75. Meaning, the purchaser of the share is investing $16.75 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 23.16%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Norfolk Southern’s EBITDA is 4.75.

Volatility

Norfolk Southern’s last week, last month’s, and last quarter’s current intraday variation average was 0.56%, 0.48%, and 1.10%.

Norfolk Southern’s highest amplitude of average volatility was 0.67% (last week), 1.28% (last month), and 1.10% (last quarter).

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