(VIANEWS) – Western Asset Managed Municipals Fund (MMU), Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest (PHD), Movado Group (MOV) are the highest payout ratio stocks on this list.
We have collected information regarding stocks with the highest payout ratio at the moment. 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 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. Western Asset Managed Municipals Fund (MMU)
138.16% Payout Ratio
Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax. It invests primarily in investment grade municipal securities. The fund employs intensive proprietary research to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Municipal Bond Index. The fund was formerly known as Managed Municipals Portfolio Inc. Western Asset Managed Municipals Fund Inc. was formed on June 26, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Western Asset Managed Municipals Fund has a trailing twelve months EPS of $0.38.
PE Ratio
Western Asset Managed Municipals Fund has a trailing twelve months price to earnings ratio of 28.24. Meaning, the purchaser of the share is investing $28.24 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 4.64%.
Yearly Top and Bottom Value
Western Asset Managed Municipals Fund’s stock is valued at $10.73 at 14:23 EST, under its 52-week high of $10.75 and way above its 52-week low of $8.60.
Moving Average
Western Asset Managed Municipals Fund’s worth is higher than its 50-day moving average of $10.34 and above its 200-day moving average of $10.06.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 23, 2024, the estimated forward annual dividend rate is 0.65 and the estimated forward annual dividend yield is 6.1%.
2. Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest (PHD)
84.45% Payout Ratio
Pioneer Floating Rate Fund, Inc. is 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 senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S. High Yield Loans Index. Pioneer Floating Rate Fund, Inc. was formed on October 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest has a trailing twelve months EPS of $1.27.
PE Ratio
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest has a trailing twelve months price to earnings ratio of 7.66. Meaning, the purchaser of the share is investing $7.66 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 12.75%.
Moving Average
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest’s worth is below its 50-day moving average of $9.82 and above its 200-day moving average of $9.50.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 20, 2024, the estimated forward annual dividend rate is 1.11 and the estimated forward annual dividend yield is 11.41%.
Yearly Top and Bottom Value
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest’s stock is valued at $9.73 at 14:23 EST, under its 52-week high of $10.05 and way higher than its 52-week low of $8.46.
3. Movado Group (MOV)
78.21% Payout Ratio
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. Movado Group, Inc. was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. The company was founded in 1961 and is based in Paramus, New Jersey.
Earnings Per Share
As for profitability, Movado Group has a trailing twelve months EPS of $1.79.
PE Ratio
Movado Group has a trailing twelve months price to earnings ratio of 13.3. Meaning, the purchaser of the share is investing $13.3 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 8.28%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 47.2% and a negative 37.7%, respectively.
Yearly Top and Bottom Value
Movado Group’s stock is valued at $23.81 at 14:23 EST, way below its 52-week high of $31.44 and above its 52-week low of $23.08.
Volume
Today’s last reported volume for Movado Group is 29130 which is 77.12% below its average volume of 127354.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.7%, now sitting on 664.36M for the twelve trailing months.
4. Western New England Bancorp (WNEB)
43.75% Payout Ratio
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, savings, business and municipal savings, money market and business sweep, and individual retirement accounts; time deposits; term certificates of deposit; and interest on lawyers trust accounts. It also offers commercial real estate loans; commercial construction loans; commercial and industrial loans, such as revolving lines of credit, working capital loans, equipment financing and term loans; residential real estate loans; home equity loans; and consumer loans. In addition, the company provides automated teller machines (ATM), telephone and online banking, remote deposit capture, cash management services, overdraft facilities, night deposit services, and safe deposit facilities. As of December 31, 2019, it operated a network of 22 banking offices, 25 free-standing ATMs, and 23 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Granby and Enfield, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.
Earnings Per Share
As for profitability, Western New England Bancorp has a trailing twelve months EPS of $0.64.
PE Ratio
Western New England Bancorp has a trailing twelve months price to earnings ratio of 11.89. Meaning, the purchaser of the share is investing $11.89 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 5.73%.
Moving Average
Western New England Bancorp’s value is above its 50-day moving average of $7.13 and higher than its 200-day moving average of $7.57.
Revenue Growth
Year-on-year quarterly revenue growth declined by 2.9%, now sitting on 74.44M for the twelve trailing months.
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%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 1% and 1%, respectively.
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).
