(VIANEWS) – Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ), Primo Water Corporation (PRMW), Rio Tinto (RIO) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to now. 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 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. Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ)
192.86% Payout Ratio
Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) New Jersey Municipal Bond Index. The fund was formerly known as Nuveen New Jersey Dividend Advantage Municipal Fund. Nuveen New Jersey Quality Municipal Income Fund was formed on June 1, 1999 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months EPS of $0.91.
PE Ratio
Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months price to earnings ratio of 12.58. Meaning, the purchaser of the share is investing $12.58 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 -10.89%.
Yearly Top and Bottom Value
Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest’s stock is valued at $11.45 at 02:23 EST, below its 52-week high of $12.24 and way above its 52-week low of $10.06.
2. Primo Water Corporation (PRMW)
66% Payout Ratio
Primo Water Corporation provides water direct to consumers and water filtration services in North America and Europe. It offers bottled water, purified bottled water, premium spring, sparkling and flavored water, mineral water, filtration equipment, and coffee; as well as water dispensers, and self-service refill drinking water. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep Rock, Hinckley Springs, Crystal Springs, Kentwood Springs, Mount Olympus, Pureflo, Nursery, Sierra Springs, Sparkletts, Clear Mountain Natural Spring Water, Earth2O, Renü, Water Event Pure Water Solutions, Canadian Springs, Labrador Source, Decantae, Eden, Eden Springs, Chateaud'eau, and Mey Eden brands. It provides its services to residential customers, small and medium-sized businesses, and regional and national corporations and retailers. The company was formerly known as Cott Corporation and changed its name to Primo Water Corporation in March 2020. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida.
Earnings Per Share
As for profitability, Primo Water Corporation has a trailing twelve months EPS of $0.5.
PE Ratio
Primo Water Corporation has a trailing twelve months price to earnings ratio of 45.64. Meaning, the purchaser of the share is investing $45.64 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 5.87%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.6%, now sitting on 1.81B for the twelve trailing months.
3. Rio Tinto (RIO)
65.21% Payout Ratio
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining and processing of borates, titanium dioxide feedstock, and iron concentrate and pellets; diamond mining, sorting, and marketing; and development projects for battery materials, such as lithium. It also owns and operates open pit and underground mines; and refineries, smelters, processing plants and power, and shipping facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.
Earnings Per Share
As for profitability, Rio Tinto has a trailing twelve months EPS of $6.16.
PE Ratio
Rio Tinto has a trailing twelve months price to earnings ratio of 10.71. Meaning, the purchaser of the share is investing $10.71 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 18.25%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 7, 2024, the estimated forward annual dividend rate is 4.35 and the estimated forward annual dividend yield is 6.21%.
4. Home Depot (HD)
57.1% Payout Ratio
The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, justblinds.com, and americanblinds.com for custom window coverings; thecompanystore.com, an online site for textiles and décor products; hdsupply.com for maintenance, repair, and operations (MRO) products and related services; and The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Home Depot has a trailing twelve months EPS of $15.11.
PE Ratio
Home Depot has a trailing twelve months price to earnings ratio of 22.69. Meaning, the purchaser of the share is investing $22.69 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 1362.97%.
5. Heartland Express (HTLD)
42.11% Payout Ratio
Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium, and long haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names. It primarily serves retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. Heartland Express, Inc. was founded in 1978 and is headquartered in North Liberty, Iowa.
Earnings Per Share
As for profitability, Heartland Express has a trailing twelve months EPS of $-0.16.
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 -1.51%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 18.3%, now sitting on 1.15B for the twelve trailing months.
6. Swiss Helvetia Fund (SWZ)
34.79% Payout Ratio
The Swiss Helvetia Fund Inc. is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc. The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach, focusing on factors such as capital appreciation, income, economic and industry trends, quality of management, financial condition, business plan, industry and sector market position, dividend payout ratio, and corporate governance to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index and MSCI EAFE Index. It was previously known as The Helvetia Fund, Inc. The Swiss Helvetia Fund Inc. was formed in October 24, 1986 and is domiciled in the United States.
Earnings Per Share
As for profitability, Swiss Helvetia Fund has a trailing twelve months EPS of $1.43.
PE Ratio
Swiss Helvetia Fund has a trailing twelve months price to earnings ratio of 5.62. Meaning, the purchaser of the share is investing $5.62 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 15.5%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 18, 2024, the estimated forward annual dividend rate is 0.52 and the estimated forward annual dividend yield is 6.46%.
Yearly Top and Bottom Value
Swiss Helvetia Fund’s stock is valued at $8.03 at 02:23 EST, under its 52-week high of $8.57 and way above its 52-week low of $7.12.
Volume
Today’s last reported volume for Swiss Helvetia Fund is 2843 which is 82.35% below its average volume of 16115.
Moving Average
Swiss Helvetia Fund’s value is above its 50-day moving average of $7.79 and above its 200-day moving average of $7.82.
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 present quarter and 1% for the next.
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).
Volume
Today’s last reported volume for 1 is 1 which is 1% above its average volume of 1.
