(VIANEWS) – Pimco New York Municipal Income Fund II (PNI), PIMCO Strategic Income Fund (RCS), Eagle Point Credit Company (ECC) are the highest payout ratio stocks on this list.
We have collected information concerning stocks with the highest payout ratio at the moment. 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. Pimco New York Municipal Income Fund II (PNI)
677.88% Payout Ratio
PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax. It also invests in New York variable rate notes, New York variable rate demand notes, and U.S. treasury bills. The fund employs proprietary analytical models to make its investments. PIMCO New York Municipal Income Fund II was formed on March 29, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Pimco New York Municipal Income Fund II has a trailing twelve months EPS of $0.06.
PE Ratio
Pimco New York Municipal Income Fund II has a trailing twelve months price to earnings ratio of 125.67. Meaning, the purchaser of the share is investing $125.67 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 negative -18.31%.
Moving Average
Pimco New York Municipal Income Fund II’s worth is higher than its 50-day moving average of $7.03 and above its 200-day moving average of $7.25.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 10, 2024, the estimated forward annual dividend rate is 0.35 and the estimated forward annual dividend yield is 4.69%.
Yearly Top and Bottom Value
Pimco New York Municipal Income Fund II’s stock is valued at $7.54 at 07:23 EST, way under its 52-week high of $8.48 and way above its 52-week low of $6.03.
Volume
Today’s last reported volume for Pimco New York Municipal Income Fund II is 63325 which is 51.96% above its average volume of 41670.
2. PIMCO Strategic Income Fund (RCS)
244.8% Payout Ratio
PIMCO Strategic Global Government Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. PIMCO Strategic Global Government Fund, Inc. was formed on February 24, 1994 and is domiciled in the United States.
Earnings Per Share
As for profitability, PIMCO Strategic Income Fund has a trailing twelve months EPS of $0.25.
PE Ratio
PIMCO Strategic Income Fund has a trailing twelve months price to earnings ratio of 24.16. Meaning, the purchaser of the share is investing $24.16 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 5.38%.
Volume
Today’s last reported volume for PIMCO Strategic Income Fund is 146214 which is 0.18% above its average volume of 145945.
Yearly Top and Bottom Value
PIMCO Strategic Income Fund’s stock is valued at $6.04 at 07:23 EST, below its 52-week high of $6.30 and way higher than its 52-week low of $4.51.
Revenue Growth
Year-on-year quarterly revenue growth declined by 27%, now sitting on 25.61M for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jan 10, 2024, the estimated forward annual dividend rate is 0.61 and the estimated forward annual dividend yield is 10.13%.
3. Eagle Point Credit Company (ECC)
154.13% Payout Ratio
Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States.
Earnings Per Share
As for profitability, Eagle Point Credit Company has a trailing twelve months EPS of $1.09.
PE Ratio
Eagle Point Credit Company has a trailing twelve months price to earnings ratio of 9.27. Meaning, the purchaser of the share is investing $9.27 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 16.22%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 19.3%, now sitting on 132.2M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 7, 2024, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 16.63%.
Moving Average
Eagle Point Credit Company’s value is higher than its 50-day moving average of $9.58 and below its 200-day moving average of $10.18.
4. ITT Educational Services (ESI)
152.38% Payout Ratio
Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products. This segment also supplies solder technologies, fluxes, cleaners, and other attachment materials for the electronics assembly industry; proprietary liquid chemical processes to manufacture printed circuit boards; and advanced copper interconnects, die attachment, wafer bump processes, and photomask technologies for integrated circuit fabrication and semiconductor packaging. It primarily serves mobile communications, computers, automobiles, and aerospace equipment industries. The Industrial & Specialty segment provides industrial solutions, which include chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids for offshore energy production applications. It serves aerospace, automotive, construction, consumer electronics, consumer packaged goods, and oil and gas production end markets. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019. Element Solutions Inc was founded in 1785 and is headquartered in Fort Lauderdale, Florida.
Earnings Per Share
As for profitability, ITT Educational Services has a trailing twelve months EPS of $0.21.
PE Ratio
ITT Educational Services has a trailing twelve months price to earnings ratio of 108.71. Meaning, the purchaser of the share is investing $108.71 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 2.24%.
Sales Growth
ITT Educational Services’s sales growth is 2.9% for the current quarter and 5.6% for the next.
Yearly Top and Bottom Value
ITT Educational Services’s stock is valued at $22.83 at 07:23 EST, below its 52-week high of $23.75 and way above its 52-week low of $17.08.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 13.8% and 13.3%, respectively.
5. Kennametal (KMT)
53.69% Payout Ratio
Kennametal Inc. develops and applies tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. It operates through three segments: Industrial, Widia, and Infrastructure. The company offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. In addition, the company produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Earnings Per Share
As for profitability, Kennametal has a trailing twelve months EPS of $1.49.
PE Ratio
Kennametal has a trailing twelve months price to earnings ratio of 16.64. Meaning, the purchaser of the share is investing $16.64 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 9.78%.
6. OceanFirst Financial Corp. (OCFC)
37.56% Payout Ratio
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
Earnings Per Share
As for profitability, OceanFirst Financial Corp. has a trailing twelve months EPS of $2.13.
PE Ratio
OceanFirst Financial Corp. has a trailing twelve months price to earnings ratio of 7.87. Meaning, the purchaser of the share is investing $7.87 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 8.16%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Nov 2, 2023, the estimated forward annual dividend rate is 0.8 and the estimated forward annual dividend yield is 4.77%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 35.8% and a negative 25.5%, respectively.
Yearly Top and Bottom Value
OceanFirst Financial Corp.’s stock is valued at $16.76 at 07:23 EST, way under its 52-week high of $24.93 and way above its 52-week low of $12.01.
Volume
Today’s last reported volume for OceanFirst Financial Corp. is 175972 which is 38.64% below its average volume of 286791.
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%.
