(VIANEWS) – MFS Multimarket Income Trust (MMT), Pimco California Municipal Income Fund II (PCK), Edison International (EIX) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. 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 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. MFS Multimarket Income Trust (MMT)
497.38% Payout Ratio
MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc. The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S. and foreign issuers, corporate bonds of U.S. and foreign issuers, and debt instruments of issuers located in emerging market countries with an average duration of 5.1 years. The fund employs fundamental analysis with bottom-up stock picking approach while focusing on factors such as underlying credit quality, collateral characteristics, and indenture provisions, and the issuer's management ability, capital structure, leverage, and ability to meet its current obligations. It seeks to benchmarks the performance of its portfolio against a combination of the Citigroup World Government Bond Non-Dollar Hedged Index, JPMorgan Emerging Markets Bond Index Global, Lehman Brothers U.S. Credit Bond Index, Lehman Brothers U.S. Government/Mortgage Bond Index, and Lehman Brothers U.S. High-Yield Corporate Bond Index. MFS Multimarket Income Trust was formed on March 12, 1987 and is domiciled in the Unites States.
Earnings Per Share
As for profitability, MFS Multimarket Income Trust has a trailing twelve months EPS of $0.08.
PE Ratio
MFS Multimarket Income Trust has a trailing twelve months price to earnings ratio of 55.75. Meaning, the purchaser of the share is investing $55.75 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 1.61%.
2. Pimco California Municipal Income Fund II (PCK)
345% Payout Ratio
PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in municipal fixed-income securities. Its portfolio of investments include investments in California municipal bonds and notes, other municipal bonds and notes, call and put options written, California variable rate notes, other variable rate notes, corporate notes, California variable rate demand note, and U.S. treasury bills. PIMCO California Municipal Income Fund II was formed in June 28, 2002 and is domiciled in United States.
Earnings Per Share
As for profitability, Pimco California Municipal Income Fund II has a trailing twelve months EPS of $0.09.
PE Ratio
Pimco California Municipal Income Fund II has a trailing twelve months price to earnings ratio of 63.03. Meaning, the purchaser of the share is investing $63.03 for every dollar of annual earnings.
3. Edison International (EIX)
91.9% 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 $3.21.
PE Ratio
Edison International has a trailing twelve months price to earnings ratio of 20.86. Meaning, the purchaser of the share is investing $20.86 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 7.08%.
4. Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE)
75.68% Payout Ratio
Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options. It invests in stocks of companies operating across diversified sectors. It primarily invests in stocks of large-cap companies with market capitalization within the range of S&P 500 Index. The fund employs quantitative analysis to create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. Nuveen Core Equity Alpha Fund was formed on March 23, 2007 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months EPS of $1.89.
PE Ratio
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months price to earnings ratio of 6.97. Meaning, the purchaser of the share is investing $6.97 for every dollar of annual earnings.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Sep 13, 2023, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 10.47%.
5. Canadian Natural Resources Limited (CNQ)
54.87% Payout Ratio
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Earnings Per Share
As for profitability, Canadian Natural Resources Limited has a trailing twelve months EPS of $4.76.
PE Ratio
Canadian Natural Resources Limited has a trailing twelve months price to earnings ratio of 12.99. Meaning, the purchaser of the share is investing $12.99 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 18.33%.
Yearly Top and Bottom Value
Canadian Natural Resources Limited’s stock is valued at $61.83 at 04:23 EST, way below its 52-week high of $68.74 and way above its 52-week low of $48.81.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Canadian Natural Resources Limited’s EBITDA is 2.01.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Dec 6, 2023, the estimated forward annual dividend rate is 2.88 and the estimated forward annual dividend yield is 4.25%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 21.2% and 19.5%, respectively.
6. Eaton Vance Enhance Equity Income Fund II (EOS)
41.75% Payout Ratio
Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index. Eaton Vance Enhanced Equity Income Fund II was formed on January 31, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Eaton Vance Enhance Equity Income Fund II has a trailing twelve months EPS of $3.52.
PE Ratio
Eaton Vance Enhance Equity Income Fund II has a trailing twelve months price to earnings ratio of 5.26. Meaning, the purchaser of the share is investing $5.26 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 20.1%.
Volume
Today’s last reported volume for Eaton Vance Enhance Equity Income Fund II is 89907 which is 12.68% above its average volume of 79784.
Yearly Top and Bottom Value
Eaton Vance Enhance Equity Income Fund II’s stock is valued at $18.51 at 04:23 EST, under its 52-week high of $18.70 and way above its 52-week low of $15.30.
Moving Average
Eaton Vance Enhance Equity Income Fund II’s value is higher than its 50-day moving average of $17.35 and above its 200-day moving average of $17.12.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 20, 2023, the estimated forward annual dividend rate is 1.38 and the estimated forward annual dividend yield is 7.47%.
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%.
Sales Growth
1’s sales growth is 1% for the current quarter and 1% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, 1’s stock is considered to be overbought (>=80).
