(VIANEWS) – NiSource (NI), Pearson, Plc (PSO), BanColombia S.A. (CIB) are the highest payout ratio stocks on this list.
We have gathered information about stocks with the highest payout ratio as yet. 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. NiSource (NI)
64.97% Payout Ratio
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services. The company owns and operates 2 coal-fired electric generating stations with a capacity of 2,080 megawatts (MW); combined cycle gas turbine with a capacity of 571 MW; 3 gas-fired generating units with a capacity of 186 MW; and 2 hydroelectric generating plants with a capacity of 16 MW. It serves approximately 3.5 million natural gas customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts; and 472,000 electricity customers in the northern part of Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1912 and is headquartered in Merrillville, Indiana.
Nisource announces agreement to sell minority equity interest in nipsco to strengthen financial foundation and support sustainable, long-term growthMERRILLVILLE, Ind., June 20, 2023 /PRNewswire/ — NiSource Inc. (NYSE: NI) today announced that it has entered into a definitive agreement with an affiliate of Blackstone Infrastructure Partners, Blackstone’s (NYSE: BX) dedicated Infrastructure group, for the Blackstone Infrastructure affiliate to acquire a 19.9% equity interest in NIPSCO for $2.150 billion., We’re pleased to reach this agreement at a compelling valuation following a robust and competitive process and are confident that Blackstone is the right partner for NIPSCO and NiSource going forward, given its global footprint and deep infrastructure experience, including in renewable development and procurement, said NiSource president and CEO Lloyd Yates.
: nisource stock gains after deal to sell about 20% stake in nipsco for $2.2 billion to blackstoneShares of NiSource Inc. rose 0.4% toward a one-month high in premarket trading Tuesday, after the Indiana-based gas and electric utility announced an agreement to sell 19.9% of its Nipsco business to Blackstone Inc. for $2.15 billion.
Earnings Per Share
As for profitability, NiSource has a trailing twelve months EPS of $1.47.
PE Ratio
NiSource has a trailing twelve months price to earnings ratio of 18.59. Meaning, the purchaser of the share is investing $18.59 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 8.99%.
2. Pearson, Plc (PSO)
60.57% Payout Ratio
Pearson plc provides educational products and services to governments, educational institutions, corporations, and professional bodies worldwide. The company operates through North America, Core, and Growth segments. It offers courseware services, including curriculum materials provided in book form and/or through access to digital content; and assessments, such as test development, processing, and scoring services. The company also operates schools, colleges, and universities; and provides online learning services in partnership with universities and other academic institutions. In addition, it delivers and installs off-the-shelf software; and offers services to academic institutions, such as program development, student acquisition, education technology, and student support services, as well as undertakes contracts to process qualifying tests for individual professions and government departments under multi-year contractual arrangements. The company was founded in 1844 and is headquartered in London, the United Kingdom.
Earnings Per Share
As for profitability, Pearson, Plc has a trailing twelve months EPS of $0.41.
PE Ratio
Pearson, Plc has a trailing twelve months price to earnings ratio of 25. Meaning, the purchaser of the share is investing $25 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 5.61%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 22, 2023, the estimated forward annual dividend rate is 0.26 and the estimated forward annual dividend yield is 2.51%.
3. BanColombia S.A. (CIB)
39.55% Payout Ratio
Bancolombia S. A. provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides investment banking services comprising project and acquisition finance, debt and equity capital markets, principal investments, M&A, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment trust, custody, and corporate trust; and digital banking platform, transportation, securities brokerage, maintenance and remodeling, advertising and marketing, and outsourcing services, as well as credit cards. As of December 31, 2020, it operated 1,057 branches; 18,631 banking correspondents; 535 PAMs; 215 kiosks in El Salvador and 137 in Colombia; and 6,124 automatic teller machines. Bancolombia S.A. was incorporated in 1945 and is headquartered in MedellÃn, Colombia.
Earnings Per Share
As for profitability, BanColombia S.A. has a trailing twelve months EPS of $6.67.
PE Ratio
BanColombia S.A. has a trailing twelve months price to earnings ratio of 3.96. Meaning, the purchaser of the share is investing $3.96 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 19.9%.
Moving Average
BanColombia S.A.’s value is higher than its 50-day moving average of $25.25 and under its 200-day moving average of $26.50.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is 46.1% and a drop 4% for the next.
Yearly Top and Bottom Value
BanColombia S.A.’s stock is valued at $26.44 at 14:23 EST, way below its 52-week high of $43.63 and way above its 52-week low of $21.55.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 2.48 and the estimated forward annual dividend yield is 10.05%.
4. Lakeland Bancorp (LBAI)
34.52% Payout Ratio
Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides various banking products and services for individuals and small to medium sized businesses. The company offers commercial banking services, including savings, money market, and time accounts, as well as demand deposits; lending solutions, such as short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, mortgage loans, small business administration loans, commercial real estate loans, commercial and industrial loans, and equipment financing, as well as merchant credit card services; and internet banking, mobile banking, wire transfer, night depository, and cash management services. It also provides consumer banking services comprising checking accounts, savings accounts, money market accounts, certificates of deposit, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. In addition, the company offers investment advisory services; and non-deposit products, which include securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. It operates 48 branch offices throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and Highland Mills, New York; six New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck, and Waldwick; and one commercial lending center in New York to serve the Hudson Valley region. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.
Earnings Per Share
As for profitability, Lakeland Bancorp has a trailing twelve months EPS of $1.68.
PE Ratio
Lakeland Bancorp has a trailing twelve months price to earnings ratio of 9.1. Meaning, the purchaser of the share is investing $9.1 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 10.04%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.8%, now sitting on 335.6M for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 4, 2023, the estimated forward annual dividend rate is 0.58 and the estimated forward annual dividend yield is 3.87%.
Previous days news about Lakeland Bancorp (LBAI)
- According to Zacks on Monday, 19 June, "Another stock from the same industry, Lakeland Bancorp (LBAI Quick QuoteLBAI – Free Report) , closed the last trading session 2.3% lower at $14.73. "
