(VIANEWS) – Prudential Global Short Duration High Yield Fund (GHY), PNM Resources (PNM), Gulf Coast Ultra Deep Royalty Trust (GULTU) 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 guarantee of a future good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue 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. Prudential Global Short Duration High Yield Fund (GHY)
160.59% Payout Ratio
PGIM Global Short Duration High Yield Fund, Inc. is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc. or BB+ or lower by Standard & Poor's Ratings Services. It seeks to maintain a weighted average maturity of five years or less. PGIM Global Short Duration High Yield Fund, Inc. was formed on December 26, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, Prudential Global Short Duration High Yield Fund has a trailing twelve months EPS of $0.85.
PE Ratio
Prudential Global Short Duration High Yield Fund has a trailing twelve months price to earnings ratio of 13.68. Meaning, the purchaser of the share is investing $13.68 for every dollar of annual earnings.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Nov 8, 2023, the estimated forward annual dividend rate is 1.26 and the estimated forward annual dividend yield is 12.23%.
Yearly Top and Bottom Value
Prudential Global Short Duration High Yield Fund’s stock is valued at $11.63 at 01:23 EST, under its 52-week high of $11.85 and way above its 52-week low of $10.24.
2. PNM Resources (PNM)
144.12% Payout Ratio
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communication, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. PNM Resources, Inc. was founded in 1882 and is headquartered in Albuquerque, New Mexico.
Earnings Per Share
As for profitability, PNM Resources has a trailing twelve months EPS of $1.02.
PE Ratio
PNM Resources has a trailing twelve months price to earnings ratio of 36.68. Meaning, the purchaser of the share is investing $36.68 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 4.67%.
Sales Growth
PNM Resources’s sales growth is 1.9% for the present quarter and 11.4% for the next.
Yearly Top and Bottom Value
PNM Resources’s stock is valued at $37.41 at 01:23 EST, way under its 52-week high of $49.47 and above its 52-week low of $34.63.
Revenue Growth
Year-on-year quarterly revenue growth declined by 28.4%, now sitting on 1.94B for the twelve trailing months.
Moving Average
PNM Resources’s value is under its 50-day moving average of $39.29 and way below its 200-day moving average of $43.39.
3. Gulf Coast Ultra Deep Royalty Trust (GULTU)
120.69% Payout Ratio
Gulf Coast Ultra Deep Royalty Trust operates as a statutory trust. It holds a 5% gross overriding royalty interest in future production from the McMoRan Oil & Gas LLC inboard lower tertiary/cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana. The company was incorporated in 2012 and is based in Houston, Texas.
Earnings Per Share
As for profitability, Gulf Coast Ultra Deep Royalty Trust has a trailing twelve months EPS of $0.01.
PE Ratio
Gulf Coast Ultra Deep Royalty Trust has a trailing twelve months price to earnings ratio of 1.2. Meaning, the purchaser of the share is investing $1.2 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 263.38%.
4. LMP Capital and Income Fund (SCD)
90.95% Payout Ratio
LMP Capital and Income Fund Inc. is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap companies, intermediate period corporate bonds and notes rated at least A-, energy and non-energy master limited partnerships, and real estate investment trusts. It focuses on such factors as economic, market, or political conditions, fiscal and monetary policy, and security valuation to create its portfolio. The fund benchmarks the performance of its portfolio against the U.S. Aggregate Index and S&P 500 Index. It was formerly known as Salomon Brothers Capital and Income Fund Inc. LMP Capital and Income Fund Inc. was formed on November 12, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, LMP Capital and Income Fund has a trailing twelve months EPS of $1.48.
PE Ratio
LMP Capital and Income Fund has a trailing twelve months price to earnings ratio of 9.51. Meaning, the purchaser of the share is investing $9.51 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 9.89%.
Volume
Today’s last reported volume for LMP Capital and Income Fund is 41546 which is 27.27% below its average volume of 57127.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Feb 21, 2024, the estimated forward annual dividend rate is 1.36 and the estimated forward annual dividend yield is 9.42%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 41.2%, now sitting on 7.03M for the twelve trailing months.
Moving Average
LMP Capital and Income Fund’s value is higher than its 50-day moving average of $13.72 and above its 200-day moving average of $12.81.
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 current quarter and the next is 1% and 1%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
