(VIANEWS) – Pioneer Municipal High Income Trust (MHI), Blackstone GSO Senior Floating Rate Term Fund (BSL), MainStay DefinedTerm Municipal Opportunities Fund (MMD) are the highest payout ratio stocks on this list.
We have gathered information concerning stocks with the highest payout ratio at the moment. The payout ratio in itself isn’t a promise of good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue them.
When investigating 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. Pioneer Municipal High Income Trust (MHI)
1040% Payout Ratio
Pioneer Municipal High Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index and Barclays High Yield Municipal Bond Index. Pioneer Municipal High Income Fund, Inc. was formed on March 13, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, Pioneer Municipal High Income Trust has a trailing twelve months EPS of $0.04.
PE Ratio
Pioneer Municipal High Income Trust has a trailing twelve months price to earnings ratio of 210.5. Meaning, the purchaser of the share is investing $210.5 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 0.49%.
Volume
Today’s last reported volume for Pioneer Municipal High Income Trust is 68395 which is 45.15% below its average volume of 124706.
Revenue Growth
Year-on-year quarterly revenue growth grew by 3.5%, now sitting on 16.8M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 17, 2024, the estimated forward annual dividend rate is 0.33 and the estimated forward annual dividend yield is 3.92%.
2. Blackstone GSO Senior Floating Rate Term Fund (BSL)
97.16% Payout Ratio
Blackstone/GSO Senior Floating Rate Term Fund is a closed-ended fixed income mutual fund launched by The Blackstone Group L.P. It is managed by GSO / Blackstone Debt Funds Management LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in senior secured, floating rate loans that are issued by corporations, partnerships, and other business entities. It seeks to invest in securities that are rated below investment grade. The fund invests in securities across the maturity spectrum, while maintaining an average duration of less than one year. It employs fundamental analysis using a research-driven credit analysis approach while focusing on factors like companies which offer attractive risk / return characteristics to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Blackstone/GSO Senior Floating Rate Term Fund was formed on March 4, 2010 and is domiciled in the United States.
Earnings Per Share
As for profitability, Blackstone GSO Senior Floating Rate Term Fund has a trailing twelve months EPS of $1.16.
PE Ratio
Blackstone GSO Senior Floating Rate Term Fund has a trailing twelve months price to earnings ratio of 11.71. Meaning, the purchaser of the share is investing $11.71 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 7.6%.
3. MainStay DefinedTerm Municipal Opportunities Fund (MMD)
79.07% Payout Ratio
MainStay DefinedTerm Municipal Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by New York Life Investment Management LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds which are exempt from regular U.S. Federal income taxes. It benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. MainStay DefinedTerm Municipal Opportunities Fund was formed on June 26, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, MainStay DefinedTerm Municipal Opportunities Fund has a trailing twelve months EPS of $-0.3.
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 -1.7%.
4. American States Water Company (AWR)
48.87% Payout Ratio
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of December 31, 2020, it provided water service to approximately 261,796 customers located throughout 10 counties in the State of California; and distributed electricity to approximately 24,545 customers in San Bernardino County mountain communities in California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.
Earnings Per Share
As for profitability, American States Water Company has a trailing twelve months EPS of $3.32.
PE Ratio
American States Water Company has a trailing twelve months price to earnings ratio of 22.74. Meaning, the purchaser of the share is investing $22.74 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 16.67%.
Yearly Top and Bottom Value
American States Water Company’s stock is valued at $75.51 at 01:23 EST, way below its 52-week high of $95.08 and higher than its 52-week low of $73.83.
Revenue Growth
Year-on-year quarterly revenue growth grew by 12.4%, now sitting on 595.89M for the twelve trailing months.
5. Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX)
44.67% Payout Ratio
Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in the stocks of large-cap companies. The fund also invests through index call options. It seeks to replicate the performance of its portfolio against the NASDAQ 100 Index. The fund was previously known as NASDAQ Premium Income & Growth Fund Inc. Nuveen Nasdaq 100 Dynamic Overwrite Fund was formed on January 30, 2007 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen NASDAQ 100 Dynamic Overwrite Fund has a trailing twelve months EPS of $4.09.
PE Ratio
Nuveen NASDAQ 100 Dynamic Overwrite Fund has a trailing twelve months price to earnings ratio of 5.65. Meaning, the purchaser of the share is investing $5.65 for every dollar of annual earnings.
Moving Average
Nuveen NASDAQ 100 Dynamic Overwrite Fund’s value is higher than its 50-day moving average of $23.03 and under its 200-day moving average of $23.36.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 13, 2023, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 8.05%.
Yearly Top and Bottom Value
Nuveen NASDAQ 100 Dynamic Overwrite Fund’s stock is valued at $23.09 at 01:23 EST, way below its 52-week high of $25.99 and way above its 52-week low of $20.27.
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%.
