(VIANEWS) – Rogers Communication (RCI), Watsco (WSO), Richmond Mutual Bancorporation (RMBI) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio up until now. The payout ratio in itself isn’t a guarantee of 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 are a few stocks with an above 30% percent payout ratio.
1. Rogers Communication (RCI)
68.03% Payout Ratio
Rogers Communications Inc. operates as a communications and media company in North America. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. It also provides internet and WiFi services; and smart home monitoring services, such as monitoring, security, automation, energy efficiency, and smart control through a smartphone app. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, and integrated apps; personal video recorders; linear and time-shifted programming; digital specialty channels; 4K television programming; and seasonal games through television, smartphones, tablets, personal computers, and other streaming devices, as well as operates Ignite TV and Ignite TV app. Further, it provides residential and small business local telephony services; calling features, such as voicemail, call waiting, and long distance; voice, data networking, Internet protocol, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology (IT) and network technologies; cable access network services; and telecommunications technical consulting services. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and OLN television networks, as well as 54 AM and FM radio stations. Rogers Communications Inc. was founded in 1960 and is headquartered in Toronto, Canada.
Earnings Per Share
As for profitability, Rogers Communication has a trailing twelve months EPS of $2.23.
PE Ratio
Rogers Communication has a trailing twelve months price to earnings ratio of 18.82. Meaning, the purchaser of the share is investing $18.82 for every dollar of annual earnings.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 6, 2023, the estimated forward annual dividend rate is 1.52 and the estimated forward annual dividend yield is 3.44%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Rogers Communication’s EBITDA is 3.09.
Volume
Today’s last reported volume for Rogers Communication is 206107 which is 33.79% below its average volume of 311324.
2. Watsco (WSO)
59% Payout Ratio
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners, including gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. In addition, the company exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Earnings Per Share
As for profitability, Watsco has a trailing twelve months EPS of $15.33.
PE Ratio
Watsco has a trailing twelve months price to earnings ratio of 24.59. Meaning, the purchaser of the share is investing $24.59 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 31.86%.
Moving Average
Watsco’s value is above its 50-day moving average of $359.02 and way above its 200-day moving average of $307.37.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jul 13, 2023, the estimated forward annual dividend rate is 9.8 and the estimated forward annual dividend yield is 2.59%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Watsco’s EBITDA is 76.37.
Volume
Today’s last reported volume for Watsco is 639360 which is 76.34% above its average volume of 362566.
3. Richmond Mutual Bancorporation (RMBI)
37.29% Payout Ratio
Richmond Mutual Bancorporation, Inc. operates as a holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, and consumer loans. In addition, the company engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. It operates through 12 full service and one limited-service banking offices with seven full-service and one limited-service offices located in Indiana; five offices situated in Ohio; one full-service banking office and four other branch offices are located in Richmond, Indiana; two other offices in Cambridge City, Centerville, Richmond, and Shelbyville, Indiana; two offices in Sidney and Ohio; two offices in Piqua and one office in Troy, Ohio; and a loan production office in Columbus, Ohio. Richmond Mutual Bancorporation, Inc. was founded in 1887 and is headquartered in Richmond, Indiana.
Earnings Per Share
As for profitability, Richmond Mutual Bancorporation has a trailing twelve months EPS of $1.18.
PE Ratio
Richmond Mutual Bancorporation has a trailing twelve months price to earnings ratio of 10.13. Meaning, the purchaser of the share is investing $10.13 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 8.76%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 2.6%, now sitting on 45.73M for the twelve trailing months.
Moving Average
Richmond Mutual Bancorporation’s worth is above its 50-day moving average of $11.09 and above its 200-day moving average of $11.93.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on May 30, 2023, the estimated forward annual dividend rate is 0.56 and the estimated forward annual dividend yield is 4.69%.
Yearly Top and Bottom Value
Richmond Mutual Bancorporation’s stock is valued at $11.95 at 20:23 EST, way under its 52-week high of $14.48 and way higher than its 52-week low of $8.61.
4. NBT Bancorp (NBTB)
34.71% Payout Ratio
NBT Bancorp Inc., a financial holding company, provides commercial banking, retail banking, and wealth management services. Its deposit products include demand deposit, savings, negotiable order of withdrawal, money market deposit, and certificate of deposit accounts. The company's loan portfolio comprises commercial and industrial, commercial real estate, agricultural, and commercial construction loans; indirect and direct consumer, home equity, mortgages, business banking loans, and commercial loans; and residential real estate loans. It also provides trust and investment services; financial planning and life insurance services; and retirement plan consulting and recordkeeping services. In addition, the company offers insurance products comprising personal property and casualty, business liability, and commercial insurance, as well as other products and services through 24-hour online, mobile, and telephone channels that enable customers to check balances, make deposits, transfer funds, pay bills, access statements, apply for loans, and access various other products and services. As of December 31, 2020, it had 141 branches and 176 ATMs in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine. NBT Bancorp Inc. was founded in 1856 and is headquartered in Norwich, New York.
Earnings Per Share
As for profitability, NBT Bancorp has a trailing twelve months EPS of $3.28.
PE Ratio
NBT Bancorp has a trailing twelve months price to earnings ratio of 10.59. Meaning, the purchaser of the share is investing $10.59 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 12.14%.
