(VIANEWS) – Magna International (MGA), EnLink Midstream, LLC (ENLC), The Hershey Company (HSY) are the highest payout ratio stocks on this list.
We have congregated information regarding 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 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. Magna International (MGA)
117.8% Payout Ratio
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, quarter windows, encapsulated glasses, and side doors. The Power & Vision segment offers ?electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; engineering services; advanced driver assistance systems sensors and, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.
Earnings Per Share
As for profitability, Magna International has a trailing twelve months EPS of $1.54.
PE Ratio
Magna International has a trailing twelve months price to earnings ratio of 40.93. Meaning, the purchaser of the share is investing $40.93 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 4.07%.
Previous days news about Magna International (MGA)
- According to Zacks on Monday, 31 July, "Companies like Magna International (MGA Quick QuoteMGA – Free Report) , Lear Corp. (LEA Quick QuoteLEA – Free Report) , Autoliv, Inc. (ALV Quick QuoteALV – Free Report) and Gentex Corp. (GNTX Quick QuoteGNTX – Free Report) are well-placed to thrive in the changing landscape."
- Zacks industry outlook highlights magna international, lear, autoliv and gentex. According to Zacks on Tuesday, 1 August, "Chicago, IL - August 1, 2023 - Today, Zacks Equity Research discusses Magna International (MGA Quick QuoteMGA – Free Report) , Lear Corp. (LEA Quick QuoteLEA – Free Report) , Autoliv, Inc. (ALV Quick QuoteALV – Free Report) and Gentex Corp. (GNTX Quick QuoteGNTX – Free Report) ."
2. EnLink Midstream, LLC (ENLC)
58.54% Payout Ratio
EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services. Its midstream energy asset network includes approximately 12,100 miles of pipelines; 22 natural gas processing plants;7 fractionators with approximately 320,000 barrels per day; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was incorporated in 2013 and is based in Dallas, Texas.
Earnings Per Share
As for profitability, EnLink Midstream, LLC has a trailing twelve months EPS of $0.79.
PE Ratio
EnLink Midstream, LLC has a trailing twelve months price to earnings ratio of 14.47. Meaning, the purchaser of the share is investing $14.47 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 18.4%.
3. The Hershey Company (HSY)
47.69% Payout Ratio
The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels. The company provides its products primarily under the Hershey's, Reese's, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat, Payday, Rolo, Twizzlers, Whoppers, York, Ice Breakers, Breath Savers, Bubble Yum, Lily's, SkinnyPop, Pirates Booty, Paqui, Dot's Homestyle Pretzels, and ONE Bar brands, as well as under the Pelon Pelo Rico, IO-IO, and Sofit brands. It markets and sells its products to wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores. The company was founded in 1894 and is headquartered in Hershey, Pennsylvania.
Earnings Per Share
As for profitability, The Hershey Company has a trailing twelve months EPS of $8.25.
PE Ratio
The Hershey Company has a trailing twelve months price to earnings ratio of 28.35. Meaning, the purchaser of the share is investing $28.35 for every dollar of annual earnings.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 12.9% and 7.4%, respectively.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 16, 2023, the estimated forward annual dividend rate is 4.14 and the estimated forward annual dividend yield is 1.77%.
4. Stepan Company (SCL)
41.57% Payout Ratio
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients. Its surfactants are also used in various applications, including emulsifiers for spreading agricultural products; and industrial applications comprising latex systems, plastics, and composites. The Polymers segment provides polyurethane polyols that are used in the manufacture of rigid foam for thermal insulation in the construction industry, as well as a base raw material for coatings, adhesives, sealants, and elastomers (CASE); polyester resins, including liquid and powdered products, which are used in CASE applications; and phthalic anhydride that is used in unsaturated polyester resins, alkyd resins, and plasticizers for applications in construction materials, as well as components of automotive, boating, and other consumer products. The Specialty Products segment offers flavors, emulsifiers, and solubilizers for use in food, flavoring, nutritional supplement, and pharmaceutical applications. Stepan Company was founded in 1932 and is headquartered in Northbrook, Illinois.
Earnings Per Share
As for profitability, Stepan Company has a trailing twelve months EPS of $5.15.
PE Ratio
Stepan Company has a trailing twelve months price to earnings ratio of 18.61. Meaning, the purchaser of the share is investing $18.61 for every dollar of annual earnings.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 49.8% and positive 28.8% for the next.
5. Vulcan Materials Company (VMC)
34.9% Payout Ratio
Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities. The Asphalt Mix segment offers asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee, and Texas, as well as engages in the asphalt construction paving activity in Alabama, Tennessee, and Texas. The Concrete segment provides ready-mixed concrete in California, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia, and Washington D.C. The Calcium segment mines, produces, and sells calcium products for the animal feed, plastics, and water treatment industries. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.
Earnings Per Share
As for profitability, Vulcan Materials Company has a trailing twelve months EPS of $4.67.
PE Ratio
Vulcan Materials Company has a trailing twelve months price to earnings ratio of 47.98. Meaning, the purchaser of the share is investing $47.98 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 9.17%.
Yearly Top and Bottom Value
Vulcan Materials Company’s stock is valued at $224.09 at 20:23 EST, under its 52-week high of $226.19 and way higher than its 52-week low of $147.64.
6. Village Super Market (VLGEA)
30.96% Payout Ratio
Village Super Market, Inc. operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen, various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates a chain of 30 ShopRite supermarkets, 5 Fairway Markets, and 3 Gourmet Garage specialty markets located in New Jersey, New York, Pennsylvania, and Maryland. Village Super Market, Inc. was founded in 1937 and is based in Springfield, New Jersey.
Earnings Per Share
As for profitability, Village Super Market has a trailing twelve months EPS of $3.28.
PE Ratio
Village Super Market has a trailing twelve months price to earnings ratio of 7.22. Meaning, the purchaser of the share is investing $7.22 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 12.42%.
Yearly Top and Bottom Value
Village Super Market’s stock is valued at $23.69 at 20:23 EST, below its 52-week high of $24.28 and way above its 52-week low of $19.09.
