(VIANEWS) – Open Text Corporation (OTEX), Franklin Resources (BEN), Independent Bank Corp. (INDB) 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 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. Open Text Corporation (OTEX)
85.57% Payout Ratio
Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform. The company also provides Discovery platform that provides forensics and unstructured data analytics; OpenText Developer Cloud; key developer API services; AI and analytics that leverages structured or unstructured data; digital process automation solutions, which enables organizations to transform into digital data-driven businesses; and OpenText Digital Experience platform. In addition, it offers customer support programs, including access to software upgrades, a knowledge base, discussions, product information, and an online mechanism to post and review trouble tickets; and consulting and learning services relating to the implementation, training, and integration of its licensed product offerings, as well as cloud services. The company serves organizations, enterprise and mid-market companies, public sector agencies, small and medium-sized businesses, and direct consumers in Canada, the United States, the United Kingdom, Germany, rest of Europe, the Middle East, Africa, and internationally. It has strategic partnerships with SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. The company was incorporated in 1991 and is headquartered in Waterloo, Canada.
Earnings Per Share
As for profitability, Open Text Corporation has a trailing twelve months EPS of $1.11.
PE Ratio
Open Text Corporation has a trailing twelve months price to earnings ratio of 37.94. Meaning, the purchaser of the share is investing $37.94 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 7.37%.
2. Franklin Resources (BEN)
71.08% Payout Ratio
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.
Earnings Per Share
As for profitability, Franklin Resources has a trailing twelve months EPS of $1.66.
PE Ratio
Franklin Resources has a trailing twelve months price to earnings ratio of 16.36. Meaning, the purchaser of the share is investing $16.36 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 7.01%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 7.4%, now sitting on 7.86B for the twelve trailing months.
Yearly Top and Bottom Value
Franklin Resources’s stock is valued at $27.15 at 02:23 EST, way below its 52-week high of $34.37 and way above its 52-week low of $20.24.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 28, 2023, the estimated forward annual dividend rate is 1.2 and the estimated forward annual dividend yield is 4.59%.
3. Independent Bank Corp. (INDB)
35.75% Payout Ratio
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Earnings Per Share
As for profitability, Independent Bank Corp. has a trailing twelve months EPS of $5.93.
PE Ratio
Independent Bank Corp. has a trailing twelve months price to earnings ratio of 8.75. Meaning, the purchaser of the share is investing $8.75 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 9.38%.
Moving Average
Independent Bank Corp.’s worth is above its 50-day moving average of $47.54 and way below its 200-day moving average of $69.99.
Previous days news about Independent Bank Corp. (INDB)
- Independent bank corp. (indb) Q2 earnings surpass estimates. According to Zacks on Thursday, 20 July, "While Independent Bank Corp. Has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?", "Ahead of this earnings release, the estimate revisions trend for Independent Bank Corp. Unfavorable. "
- Independent bank corp. (indb) Q2 earnings: taking a look at key metrics versus estimates. According to Zacks on Thursday, 20 July, "For the quarter ended June 2023, Independent Bank Corp. (INDB Quick QuoteINDB – Free Report) reported revenue of $183.3 million, up 6.1% over the same period last year. ", "Here is how Independent Bank Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:"
4. Wells Fargo & Company (WFC)
33.24% Payout Ratio
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Its serves to independent offices and consumer banks. The company was founded in 1852 and is headquartered in San Francisco, California.
Earnings Per Share
As for profitability, Wells Fargo & Company has a trailing twelve months EPS of $3.92.
PE Ratio
Wells Fargo & Company has a trailing twelve months price to earnings ratio of 12.01. Meaning, the purchaser of the share is investing $12.01 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 7.59%.
5. Marcus & Millichap (MMI)
30.67% Payout Ratio
Marcus & Millichap, Inc., a brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties. It also operates as a broker of debt financing for commercial properties. In addition, the company provides various ancillary services, including research, and advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
Earnings Per Share
As for profitability, Marcus & Millichap has a trailing twelve months EPS of $1.63.
PE Ratio
Marcus & Millichap has a trailing twelve months price to earnings ratio of 21.17. Meaning, the purchaser of the share is investing $21.17 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 9.67%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 122.1% and a negative 107.5%, respectively.
Yearly Top and Bottom Value
Marcus & Millichap’s stock is valued at $34.50 at 02:23 EST, way under its 52-week high of $41.51 and way above its 52-week low of $27.49.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Marcus & Millichap’s EBITDA is -104.57.
Revenue Growth
Year-on-year quarterly revenue growth declined by 51.5%, now sitting on 1.14B for the twelve trailing months.
