(VIANEWS) – Franklin Universal Trust (FT), Movado Group (MOV), PIMCO Municipal Income Fund III (PMX) 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 distribute them.
When investigating 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. Franklin Universal Trust (FT)
115.91% Payout Ratio
Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks. The fund benchmarks the equity component of its balanced portfolio against the S&P 500 Electric Utilities Index and the fixed component against the Credit Suisse High Yield. Franklin Universal Trust was formed on September 23, 1988 and is domiciled in the United States.
Earnings Per Share
As for profitability, Franklin Universal Trust has a trailing twelve months EPS of $0.44.
PE Ratio
Franklin Universal Trust has a trailing twelve months price to earnings ratio of 16.68. Meaning, the purchaser of the share is investing $16.68 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 5.91%.
Yearly Top and Bottom Value
Franklin Universal Trust’s stock is valued at $7.34 at 08:23 EST, under its 52-week high of $7.38 and way higher than its 52-week low of $5.97.
Moving Average
Franklin Universal Trust’s value is above its 50-day moving average of $7.06 and above its 200-day moving average of $6.73.
2. Movado Group (MOV)
88.05% Payout Ratio
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. Movado Group, Inc. was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. The company was founded in 1961 and is based in Paramus, New Jersey.
Earnings Per Share
As for profitability, Movado Group has a trailing twelve months EPS of $1.59.
PE Ratio
Movado Group has a trailing twelve months price to earnings ratio of 12.03. Meaning, the purchaser of the share is investing $12.03 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 7.32%.
Volume
Today’s last reported volume for Movado Group is 186835 which is 29.62% above its average volume of 144135.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 16, 2024, the estimated forward annual dividend rate is 1.4 and the estimated forward annual dividend yield is 7.32%.
3. PIMCO Municipal Income Fund III (PMX)
61.88% Payout Ratio
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax. PIMCO Municipal Income Fund III was formed on October 31, 2002 and is domiciled in United States.
Earnings Per Share
As for profitability, PIMCO Municipal Income Fund III has a trailing twelve months EPS of $0.14.
PE Ratio
PIMCO Municipal Income Fund III has a trailing twelve months price to earnings ratio of 58.14. Meaning, the purchaser of the share is investing $58.14 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 7.27%.
Yearly Top and Bottom Value
PIMCO Municipal Income Fund III’s stock is valued at $8.14 at 08:23 EST, under its 52-week high of $8.28 and way above its 52-week low of $6.09.
Revenue Growth
Year-on-year quarterly revenue growth declined by 6.6%, now sitting on 22.23M for the twelve trailing months.
4. John Hancock Investors Trust (JHI)
61.79% Payout Ratio
John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. John Hancock Investors Trust was formed on January 29, 1971 and is domiciled in the United States.
Earnings Per Share
As for profitability, John Hancock Investors Trust has a trailing twelve months EPS of $1.44.
PE Ratio
John Hancock Investors Trust has a trailing twelve months price to earnings ratio of 9.49. Meaning, the purchaser of the share is investing $9.49 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%.
Moving Average
John Hancock Investors Trust’s value is higher than its 50-day moving average of $13.52 and higher than its 200-day moving average of $13.24.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.2%, now sitting on 13.72M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 13, 2024, the estimated forward annual dividend rate is 0.94 and the estimated forward annual dividend yield is 6.73%.
Volume
Today’s last reported volume for John Hancock Investors Trust is 14808 which is 23.63% below its average volume of 19390.
5. Ryerson Holding Corporation (RYI)
40.35% Payout Ratio
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The company also provides processing services. It serves various industries, including metal fabrication and machine shops, industrial machinery and equipment, commercial ground transportation, consumer durable equipment, food processing and agricultural equipment, construction equipment, oil and gas, and HVAC manufacturing. Ryerson Holding Corporation was founded in 1842 and is headquartered in Chicago, Illinois.
Earnings Per Share
As for profitability, Ryerson Holding Corporation has a trailing twelve months EPS of $1.84.
PE Ratio
Ryerson Holding Corporation has a trailing twelve months price to earnings ratio of 10.29. Meaning, the purchaser of the share is investing $10.29 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 7.32%.
Moving Average
Ryerson Holding Corporation’s value is below its 50-day moving average of $20.40 and way under its 200-day moving average of $27.22.
6. RBB Bancorp (RBB)
33.51% Payout Ratio
RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company also offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential, commercial, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and remote deposit, e-banking, and mobile banking services. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of December 31, 2021, it operated 23 branches in the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; Honolulu, Hawaii, as well as in Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.
Earnings Per Share
As for profitability, RBB Bancorp has a trailing twelve months EPS of $1.91.
PE Ratio
RBB Bancorp has a trailing twelve months price to earnings ratio of 11.39. Meaning, the purchaser of the share is investing $11.39 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%.
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%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 1% and 1%, respectively.
Sales Growth
1’s sales growth is 1% for the present quarter and 1% for the next.
Dividend Yield
According to 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%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
