(VIANEWS) – CVB Financial Corporation (CVBF), First Industrial Realty Trust (FR), Mercantile Bank Corporation (MBWM) are the highest payout ratio stocks on this list.
We have collected information regarding stocks with the highest payout ratio up until now. 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 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.
50.34% Payout Ratio
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. The company offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. It also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans that are secured by owner-occupied and investor owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. The company offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. In addition, it provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2020, the company operated 57 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; one loan production office located in Modesto, California; and three trust offices located in Ontario, Newport Beach, and Pasadena. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.
Earnings per Share
CVB Financial Corporation’s trailing twelve-month EPS is $1.5.
CVB Financial Corporation’s trailing 12-month price-earnings ratio is 18.87. The purchaser of the shares is therefore investing $18.87 per dollar in annual earnings.
For the 12 trailing months, the company’s return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 10.01%.
38.76% Payout Ratio
First Industrial Realty Trust, Inc., NYSE: FR, is an industry leader in fully integrated ownership, operator, development, and management of industrial real property. It has a proven track record of providing outstanding customer service to regional and multinational companies. Our local experts are able to manage, lease and buy industrial facilities, as well as regional distribution centers and light industrial in major US markets. We currently own or have in development 64.0 millions square feet of industrial land.
Earnings Per Share
As for profitability, First Industrial Realty Trust has a trailing twelve months EPS of $2.98.
First Industrial Realty Trust has a trailing twelve months price to earnings ratio of 16.47. Meaning,
the purchaser of the share is investing $16.47 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 18.19%.
According to Morningstar, Inc., December 28, 2022 will be the next distribution. The forward dividend rate for 2020 is estimated at 1.18, and the forward dividend yield is 2.4%.
Growth Estimates Quarters
For the current quarter, the company expects a decline of 70.1% in growth and for the next quarter, a decrease of 3.7% respectively.
38.51% Payout Ratio
Mercantile Bank Corporation is the holding company of Mercantile Bank of Michigan. It provides retail and commercial banking services to small and medium-sized companies and individuals throughout the United States. You can deposit with it a variety of products including time deposits, certificates of deposit, checking and savings accounts, term and certificate accounts, as well as time deposits and certificates. It also provides residential, commercial and instalment mortgage loans. It also offers safe deposit facilities and courier services; insurance products such as homeowners, private passengers, boat owners, private inland marine and boat owners; umbrella and small-business insurance products; as well as 27 automatic teller machines, 13 video banking machines, and many other products. There are 44 branches of the company. Mercantile Bank Corporation, which was founded in 1997, is headquartered at Grand Rapids in Michigan.
Earnings Per Share
As for profitability, Mercantile Bank Corporation has a trailing twelve months EPS of $2.93.
Mercantile Bank Corporation has a trailing twelve months price to earnings ratio of 12.28. Meaning,
the purchaser of the share is investing $12.28 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 11.72%.
The year-on-year revenue growth was 4.3%. We now have 176.33M in the 12 trailing months.
According to Morningstar, Inc., there will be a next dividend payment on November 30, 2022. The forward dividend rate for 2020 is estimated at 1.28, and the forward dividend yield is estimated at 3.86%.
Mercantile Bank Corporation has a sales growth of 18.9% in the current quarter, and 37.6% the following.
35.67% Payout Ratio
A. O. Smith Corporation produces and markets residential and business gas and electric water heaters. The company operates in two regions: North America and Rest of World. Water heaters are available for residential, commercial, hotel, motel, restaurant, offices, small businesses, laundry, car wash, and vehicle washes. The company also offers food and beverage filter products, expansion tanks, commercial-scale solar water heating systems and swimming pool heaters and other related products. Its products are available primarily under A. O. Smith’s, State and Lochinvar brands. Distributed products are distributed by independent wholesale plumber distributors as well through retailers consisting of hardware and retail chains and manufacturer representative firms. Aquasana products can also be purchased directly from consumers via e-commerce and other online retailers. It was established in Milwaukee, Wisconsin in 1874.
Earnings Per Share
As for profitability, A.O. Smith Corporation has a trailing twelve months EPS of $3.14.
A.O. Smith Corporation has a trailing twelve months price to earnings ratio of 19.52. Meaning,
the purchaser of the share is investing $19.52 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 27.19%.
The last volume reported for A.O. today is 997763 Smith Corporation’s last reported volume is 997763, which is 14.44% lower than its average volume 1166270.
According to Morningstar, Inc., the next dividend payment is on Oct 27, 2022, the estimated forward annual dividend rate is 1.2 and the estimated forward annual dividend yield is 1.96%.
A.O. Smith Corporation is worth more than its moving average for 50 days of $52.91, and its moving average for 200 days of $59.77.
Year-on-year quarterly revenue growth declined by 4.4%, now sitting on 3.81B for the twelve trailing months.