(VIANEWS) – Nuveen Dividend Advantage Municipal Fund (NAD), MFS High Income Municipal Trust (CXE), First Trust Senior Floating Rate Income Fund II (FCT) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio at the moment. The payout ratio in itself isn’t a promise 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. Nuveen Dividend Advantage Municipal Fund (NAD)
250% Payout Ratio
Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor's (S&P). The fund was formerly known as Nuveen Dividend Advantage Municipal Fund. Nuveen Quality Municipal Income Fund was formed on January 15, 1999 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Dividend Advantage Municipal Fund has a trailing twelve months EPS of $0.19.
PE Ratio
Nuveen Dividend Advantage Municipal Fund has a trailing twelve months price to earnings ratio of 58.84. Meaning, the purchaser of the share is investing $58.84 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 1.58%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 14, 2024, the estimated forward annual dividend rate is 0.62 and the estimated forward annual dividend yield is 5.48%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.7%, now sitting on 223.32M for the twelve trailing months.
Moving Average
Nuveen Dividend Advantage Municipal Fund’s value is under its 50-day moving average of $11.30 and higher than its 200-day moving average of $10.93.
2. MFS High Income Municipal Trust (CXE)
222.86% Payout Ratio
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.
Earnings Per Share
As for profitability, MFS High Income Municipal Trust has a trailing twelve months EPS of $0.07.
PE Ratio
MFS High Income Municipal Trust has a trailing twelve months price to earnings ratio of 51. Meaning, the purchaser of the share is investing $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 1.92%.
Yearly Top and Bottom Value
MFS High Income Municipal Trust’s stock is valued at $3.57 at 20:23 EST, under its 52-week high of $3.67 and way above its 52-week low of $2.95.
Revenue Growth
Year-on-year quarterly revenue growth grew by 3.4%, now sitting on 10.24M for the twelve trailing months.
3. First Trust Senior Floating Rate Income Fund II (FCT)
94.82% Payout Ratio
First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, First Trust Senior Floating Rate Income Fund II has a trailing twelve months EPS of $1.13.
PE Ratio
First Trust Senior Floating Rate Income Fund II has a trailing twelve months price to earnings ratio of 9.01. Meaning, the purchaser of the share is investing $9.01 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 10.11%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Apr 1, 2024, the estimated forward annual dividend rate is 1.16 and the estimated forward annual dividend yield is 11.26%.
Moving Average
First Trust Senior Floating Rate Income Fund II’s value is above its 50-day moving average of $10.11 and higher than its 200-day moving average of $9.96.
Revenue Growth
Year-on-year quarterly revenue growth grew by 24.7%, now sitting on 29.16M for the twelve trailing months.
4. Lincoln National Corporation (LNC)
76.27% Payout Ratio
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.
Earnings Per Share
As for profitability, Lincoln National Corporation has a trailing twelve months EPS of $-4.92.
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 -12.54%.
Volume
Today’s last reported volume for Lincoln National Corporation is 1413850 which is 26.26% below its average volume of 1917520.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 9, 2024, the estimated forward annual dividend rate is 1.8 and the estimated forward annual dividend yield is 5.86%.
Sales Growth
Lincoln National Corporation’s sales growth is negative 1.8% for the ongoing quarter and negative 2.8% for the next.
Moving Average
Lincoln National Corporation’s value is way higher than its 50-day moving average of $27.93 and way higher than its 200-day moving average of $25.97.
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 stated 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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
Sales Growth
1’s sales growth is 1% for the ongoing quarter and 1% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
