(VIANEWS) – Pioneer Municipal High Income Trust (MHI), Universal Corporation (UVV), Devon Energy (DVN) are the highest payout ratio stocks on this list.
We have congregated information about 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)
82.84% 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 $-0.21.
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 -2.03%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2.1%, now sitting on 16.52M for the twelve trailing months.
Moving Average
Pioneer Municipal High Income Trust’s value is way above its 50-day moving average of $7.46 and above its 200-day moving average of $8.23.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 14, 2023, the estimated forward annual dividend rate is 0.33 and the estimated forward annual dividend yield is 3.98%.
2. Universal Corporation (UVV)
65.43% Payout Ratio
Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations; and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The company contracts, purchases, processes, and sells flue-cured, burley, and oriental tobaccos that are primarily used in the manufacture of cigarettes; and dark air-cured tobaccos principally used in the manufacture of cigars, natural wrapped cigars and cigarillos, smokeless, and pipe tobacco products. It also provides value-added services, including blending, chemical, and physical testing of tobacco; service cutting for various manufacturers; manufacturing reconstituted leaf tobacco; just-in-time inventory management services; electronic nicotine delivery systems; and smoke testing services for customers. In addition, the company offers testing services for crop protection agents and tobacco constituents in seed, leaf, and finished products, including e-cigarette liquids and vapors; and analytical services that include chemical compound testing in finished tobacco products and mainstream smoke. Further, it provides a various value-added manufacturing processes to produce specialty vegetable and fruit-based ingredients, as well as botanical extracts and flavorings for human and pet food markets; and recycles waste materials from tobacco production. Universal Corporation was founded in 1886 and is headquartered in Richmond, Virginia.
Earnings Per Share
As for profitability, Universal Corporation has a trailing twelve months EPS of $4.86.
PE Ratio
Universal Corporation has a trailing twelve months price to earnings ratio of 12.43. Meaning, the purchaser of the share is investing $12.43 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 9.64%.
3. Devon Energy (DVN)
58.77% Payout Ratio
Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Earnings Per Share
As for profitability, Devon Energy has a trailing twelve months EPS of $5.87.
PE Ratio
Devon Energy has a trailing twelve months price to earnings ratio of 7.58. Meaning, the purchaser of the share is investing $7.58 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 33.57%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 8.4% and positive 4.1% for the next.
Volume
Today’s last reported volume for Devon Energy is 6434120 which is 28.82% below its average volume of 9039760.
Sales Growth
Devon Energy’s sales growth is negative 12.4% for the present quarter and negative 8.5% for the next.
Moving Average
Devon Energy’s worth is below its 50-day moving average of $45.90 and under its 200-day moving average of $49.05.
4. CNA Financial Corporation (CNA)
35.1% Payout Ratio
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products. It also provides property insurance products, such as property, marine, boiler, and machinery coverages; casualty insurance products comprising workers' compensation, general and product liability, commercial auto, and umbrella coverages; specialized loss-sensitive insurance programs and total risk management services; and run-off long term care policies. In addition, the company offers long-tail exposures comprising commercial automobile liability, workers compensation, general and medical professional liability, other professional and management liability, and assumed reinsurance run-off and products liability; and short-tail exposures, such as property, commercial automobile physical damage, marine, surety, and warranty. It markets its products through independent agents, brokers, and general underwriters to small, medium, and large businesses; insurance companies; associations; professionals; and other groups in the marine, oil and gas, construction, manufacturing, life science, property, financial services, healthcare, and technology industries. The company was founded in 1853 and is headquartered in Chicago, Illinois. CNA Financial Corporation operates as a subsidiary of Loews Corporation.
Earnings Per Share
As for profitability, CNA Financial Corporation has a trailing twelve months EPS of $4.73.
PE Ratio
CNA Financial Corporation has a trailing twelve months price to earnings ratio of 8.93. Meaning, the purchaser of the share is investing $8.93 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 15.48%.
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%.
