(VIANEWS) – Southern Company (SO), Nuveen California Select Tax (NXC), Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. 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. Southern Company (SO)
67.3% Payout Ratio
Earnings Per Share
As for profitability, Southern Company has a trailing twelve months EPS of $3.62.
PE Ratio
Southern Company has a trailing twelve months price to earnings ratio of 18.99. Meaning, the purchaser of the share is investing $18.99 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 12.68%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 19, 2024, the estimated forward annual dividend rate is 2.88 and the estimated forward annual dividend yield is 3.26%.
Volume
Today’s last reported volume for Southern Company is 4800270 which is 1.51% above its average volume of 4728670.
Yearly Top and Bottom Value
Southern Company’s stock is valued at $68.73 at 02:23 EST, way below its 52-week high of $90.34 and way above its 52-week low of $61.56.
2. Nuveen California Select Tax (NXC)
66.25% Payout Ratio
Nuveen California Select Tax-Free Income Portfolio 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 California. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital California Municipal Bond Index and S&P California Municipal Bond Index. Nuveen California Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen California Select Tax has a trailing twelve months EPS of $0.8.
PE Ratio
Nuveen California Select Tax has a trailing twelve months price to earnings ratio of 17.31. Meaning, the purchaser of the share is investing $17.31 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 5.79%.
Volume
Today’s last reported volume for Nuveen California Select Tax is 7203 which is 58.96% below its average volume of 17555.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 0.55 and the estimated forward annual dividend yield is 4.21%.
3. Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ)
43.74% 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 13.84. Meaning, the purchaser of the share is investing $13.84 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 6.59%.
Moving Average
Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest’s value is higher than its 50-day moving average of $12.43 and higher than its 200-day moving average of $11.98.
Volume
Today’s last reported volume for Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest is 93195 which is 28.18% above its average volume of 72706.
4. Fulton Financial Corporation (FULT)
39.88% Payout Ratio
Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers secured consumer loans, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it provides letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns passive investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through traditional financial center banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. The company operated branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation was incorporated in 1882 and is headquartered in Lancaster, Pennsylvania.
Earnings Per Share
As for profitability, Fulton Financial Corporation has a trailing twelve months EPS of $1.68.
PE Ratio
Fulton Financial Corporation has a trailing twelve months price to earnings ratio of 11.52. Meaning, the purchaser of the share is investing $11.52 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 10.21%.
Sales Growth
Fulton Financial Corporation’s sales growth is 16.6% for the current quarter and 16.1% for the next.
Moving Average
Fulton Financial Corporation’s worth is above its 50-day moving average of $18.04 and way higher than its 200-day moving average of $16.34.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 4.8% and 4.8%, respectively.
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.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 1% and 1%, respectively.
