(VIANEWS) – Public Storage (PSA), CenterPoint Energy (CNP), NewJersey Resources Corporation (NJR) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio as yet. 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 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. Public Storage (PSA)
100.82% Payout Ratio
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2023, we had: (i) interests in 3,028 self-storage facilities located in 40 states with approximately 217 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 267 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.
Earnings Per Share
As for profitability, Public Storage has a trailing twelve months EPS of $10.91.
PE Ratio
Public Storage has a trailing twelve months price to earnings ratio of 25.99. Meaning, the purchaser of the share is investing $25.99 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 20.99%.
2. CenterPoint Energy (CNP)
59.52% Payout Ratio
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric, Natural Gas, and Midstream Investments segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Texas and Louisiana through a third party. This segment also sells regulated intrastate natural gas, as well as natural gas transportation and storage services for residential, commercial, industrial, and transportation customers. The Midstream Investments segment provides natural gas and crude oil gathering, and natural gas processing services to its producer customers, as well as crude oil, condensate, and produced water gathering services to its producer and refiner customers; and interstate and intrastate natural gas pipeline transportation and storage services to its producer, power plant, local distribution company, and industrial end-user customers. As of December 31, 2020, it served approximately 2.6 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 69,915 megavolt amperes; operated approximately 99,000 linear miles of natural gas distribution mains, as well as 77,000 linear miles of natural gas transmission mains; and owned and operated 264 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. CenterPoint Energy, Inc. was founded in 1866 and is headquartered in Houston, Texas.
Earnings Per Share
As for profitability, CenterPoint Energy has a trailing twelve months EPS of $1.26.
PE Ratio
CenterPoint Energy has a trailing twelve months price to earnings ratio of 21.83. Meaning, the purchaser of the share is investing $21.83 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 8.78%.
3. NewJersey Resources Corporation (NJR)
58.67% Payout Ratio
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
Earnings Per Share
As for profitability, NewJersey Resources Corporation has a trailing twelve months EPS of $2.71.
PE Ratio
NewJersey Resources Corporation has a trailing twelve months price to earnings ratio of 15.48. Meaning, the purchaser of the share is investing $15.48 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 13.9%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 23%, now sitting on 1.96B for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
NewJersey Resources Corporation’s EBITDA is 62.35.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 11, 2024, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 4.01%.
4. Home Depot (HD)
52.37% Payout Ratio
The Home Depot, Inc. operates as a home improvement retailer. 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 also sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products, as well as through The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.
Earnings Per Share
As for profitability, Home Depot has a trailing twelve months EPS of $15.61.
PE Ratio
Home Depot has a trailing twelve months price to earnings ratio of 22.64. Meaning, the purchaser of the share is investing $22.64 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 1151.32%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Nov 28, 2023, the estimated forward annual dividend rate is 8.36 and the estimated forward annual dividend yield is 2.35%.
Volume
Today’s last reported volume for Home Depot is 2289580 which is 36.15% below its average volume of 3586340.
Sales Growth
Home Depot’s sales growth for the current quarter is negative 3.3%.
5. The York Water Company (YORW)
50.99% Payout Ratio
The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection systems; five wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns nine groundwater wells that supply water to customers in the Adams County. It serves customers in the fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, air conditioning systems, laundry detergents, barbells, and motorcycle industries in 51 municipalities within three counties in south-central Pennsylvania. The York Water Company was incorporated in 1816 and is based in York, Pennsylvania.
Earnings Per Share
As for profitability, The York Water Company has a trailing twelve months EPS of $1.59.
PE Ratio
The York Water Company has a trailing twelve months price to earnings ratio of 22.87. Meaning, the purchaser of the share is investing $22.87 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 10.78%.
Sales Growth
The York Water Company’s sales growth is 12.5% for the present quarter and 10.4% for the next.
Volume
Today’s last reported volume for The York Water Company is 54979 which is 19.47% above its average volume of 46019.
6. Meridian Corporation (MRBK)
31.67% Payout Ratio
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1 4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. The company was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.
Earnings Per Share
As for profitability, Meridian Corporation has a trailing twelve months EPS of $1.5.
PE Ratio
Meridian Corporation has a trailing twelve months price to earnings ratio of 8.77. Meaning, the purchaser of the share is investing $8.77 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 11.25%.
Sales Growth
Meridian Corporation’s sales growth is negative 7.7% for the current quarter and 1% for the next.
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%.
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).
Sales Growth
1’s sales growth is 1% for the current quarter and 1% for the next.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 1% and 1%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
