(VIANEWS) – Northern Technologies International Corporation (NTIC), Juniper Networks (JNPR), TransAlta Corporation Ordinary Shares (TAC) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio as yet. The payout ratio in itself isn’t a guarantee of a future 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 is a list of some companies with an above 30% payout ratio.
1. Northern Technologies International Corporation (NTIC)
87.5% Payout Ratio
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company also provides a portfolio of biobased and certified compostable polymer resin compounds and finished products under the Natur-Tec brand. In addition, it offers on-site and technical consulting for rust and corrosion prevention issues. The company sells its products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets through direct sales force, network of independent distributors and agents, manufacturer's sales representatives, strategic partners, and joint venture. Northern Technologies International Corporation was founded in 1970 and is headquartered in Circle Pines, Minnesota.
Earnings Per Share
As for profitability, Northern Technologies International Corporation has a trailing twelve months EPS of $0.32.
PE Ratio
Northern Technologies International Corporation has a trailing twelve months price to earnings ratio of 35.22. Meaning, the purchaser of the share is investing $35.22 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 5.49%.
2. Juniper Networks (JNPR)
55.92% Payout Ratio
Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers. It also provides switching products, including EX series Ethernet switches to address the access, aggregation, and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine, and top-of-rack data center switches; and mist access points, which provide wireless access and performance. In addition, the company offers security products comprising SRX series services gateways for the data center; Branch SRX family provides an integrated firewall and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP. Further, it offers Junos OS, a network operating system; Contrail networking and cloud platform, which provides an open-source and standards-based platform for SDN and NFV; Contrail Insights, an optimization and management software platform for public, private, and hybrid clouds; and Marvis Actions and AI-driven Virtual Network Assistant, which identifies the root cause of issues across the information technology, domains and automatically resolves issues. Additionally, the company provides technical support, maintenance, and professional services, as well as education and training programs. It sells its products through direct sales, distributors, value-added resellers, and original equipment manufacturer partners to end-users in the cloud, service provider, and enterprise markets. The company was founded in 1996 and is headquartered in Sunnyvale, California.
Earnings Per Share
As for profitability, Juniper Networks has a trailing twelve months EPS of $1.5.
PE Ratio
Juniper Networks has a trailing twelve months price to earnings ratio of 19.69. Meaning, the purchaser of the share is investing $19.69 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 11.51%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 30, 2023, the estimated forward annual dividend rate is 0.88 and the estimated forward annual dividend yield is 3%.
Moving Average
Juniper Networks’s worth is under its 50-day moving average of $31.38 and under its 200-day moving average of $30.39.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 31% and 6.9%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Juniper Networks’s EBITDA is 1.92.
3. TransAlta Corporation Ordinary Shares (TAC)
50% Payout Ratio
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment has a net ownership interest of approximately 922 megawatts (MW) of owned hydro electrical-generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 1,878 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; and the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta and Ontario in Canada; Michigan, the United States; and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. The company was founded in 1909 and is headquartered in Calgary, Canada.
Earnings Per Share
As for profitability, TransAlta Corporation Ordinary Shares has a trailing twelve months EPS of $0.31.
PE Ratio
TransAlta Corporation Ordinary Shares has a trailing twelve months price to earnings ratio of 31.68. Meaning, the purchaser of the share is investing $31.68 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 11.86%.
Volume
Today’s last reported volume for TransAlta Corporation Ordinary Shares is 113682 which is 66.42% below its average volume of 338608.
Revenue Growth
Year-on-year quarterly revenue growth grew by 48.2%, now sitting on 3.33B for the twelve trailing months.
4. Diamond Hill Investment Group (DHIL)
41.84% Payout Ratio
Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent. The company was founded in 1990 and is based in Columbus, Ohio.
Earnings Per Share
As for profitability, Diamond Hill Investment Group has a trailing twelve months EPS of $14.34.
PE Ratio
Diamond Hill Investment Group has a trailing twelve months price to earnings ratio of 11.16. Meaning, the purchaser of the share is investing $11.16 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 21.9%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 19.6%, now sitting on 146.23M for the twelve trailing months.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 30, 2023, the estimated forward annual dividend rate is 6 and the estimated forward annual dividend yield is 3.67%.
5. First Savings Financial Group (FSFG)
31.74% Payout Ratio
First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits. The company also provides loans, including one-to four-family residential real estate, commercial real estate, construction, land and land development, multi-family real estate, and commercial business loans, as well as consumer loans, such as automobile loans, home equity lines of credit, unsecured loans, and loans secured by deposits. In addition, it is involved in the mortgage banking; investment activities; and the provision of property and casualty insurance products, and reinsurance to other third-party insurance captives. The company operates 15 branches. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Jeffersonville, Indiana.
Earnings Per Share
As for profitability, First Savings Financial Group has a trailing twelve months EPS of $1.68.
PE Ratio
First Savings Financial Group has a trailing twelve months price to earnings ratio of 7.51. Meaning, the purchaser of the share is investing $7.51 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 6.14%.
