(VIANEWS) – Open Text Corporation (OTEX), Edison International (EIX), First Trust MLP and Energy Income Fund (FEI) 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 promise of a future 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 is a list of some companies with an above 30% payout ratio.
1. Open Text Corporation (OTEX)
173.56% 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 32.96. Meaning, the purchaser of the share is investing $32.96 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 3.74%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Open Text Corporation’s EBITDA is 5.03.
Sales Growth
Open Text Corporation’s sales growth for the current quarter is 70.8%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on May 31, 2023, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 2.72%.
2. Edison International (EIX)
117.44% Payout Ratio
Edison International, through its subsidiaries, generates and distributes electric power. The company supplies electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. It also provides decarbonization and energy solutions to commercial, institutional, and industrial customers in North America and Europe. The company's transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 substations. Edison International was founded in 1886 and is headquartered in Rosemead, California.
Earnings Per Share
As for profitability, Edison International has a trailing twelve months EPS of $2.19.
PE Ratio
Edison International has a trailing twelve months price to earnings ratio of 32.2. Meaning, the purchaser of the share is investing $32.2 for every dollar of annual earnings.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 6.8% and a drop 5.2% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Edison International’s EBITDA is 3.75.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jul 2, 2023, the estimated forward annual dividend rate is 2.95 and the estimated forward annual dividend yield is 4.04%.
3. First Trust MLP and Energy Income Fund (FEI)
103.45% Payout Ratio
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, First Trust MLP and Energy Income Fund has a trailing twelve months EPS of $0.58.
PE Ratio
First Trust MLP and Energy Income Fund has a trailing twelve months price to earnings ratio of 14.05. Meaning, the purchaser of the share is investing $14.05 for every dollar of annual earnings.
4. Permian Basin Royalty Trust (PBT)
100.03% Payout Ratio
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian), and Waddell fields located in Crane County, Texas. It also holds a 95% net overriding royalty in the Texas Royalty properties, which consist of various producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others located in 33 counties in Texas. Its Texas Royalty properties comprise approximately 125 separate royalty interests containing approximately 51,000 net producing acres. The company was founded in 1980 and is based in Dallas, Texas.
Earnings Per Share
As for profitability, Permian Basin Royalty Trust has a trailing twelve months EPS of $1.17.
PE Ratio
Permian Basin Royalty Trust has a trailing twelve months price to earnings ratio of 20.79. Meaning, the purchaser of the share is investing $20.79 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 18941.6%.
Volume
Today’s last reported volume for Permian Basin Royalty Trust is 65357 which is 41.57% below its average volume of 111874.
Revenue Growth
Year-on-year quarterly revenue growth grew by 28%, now sitting on 55.61M for the twelve trailing months.
5. Tiptree (TIPT)
31.58% Payout Ratio
Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates in two segments, Insurance and Mortgage. The company provides niche commercial and personal lines insurance, credit insurance and collateral protection products, and warranty and service contract products and solutions, as well as premium finance services. It also offers mortgage loans for institutional investors; and maritime transportation services, as well as invests in securities and other assets. Tiptree Inc. markets its products through a network of independent insurance agents, consumer finance companies, auto dealers, retailers, brokers, and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.
Earnings Per Share
As for profitability, Tiptree has a trailing twelve months EPS of $-0.23.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.69%.
Yearly Top and Bottom Value
Tiptree’s stock is valued at $15.79 at 02:23 EST, below its 52-week high of $16.97 and way above its 52-week low of $9.98.
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%.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 1% and 1%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
