(VIANEWS) - John Hancock Tax (HTY), Southwest Gas Corporation (SWX), Douglas Dynamics (PLOW) are the highest payout ratio stocks on this list.
Here's the data we've collected of stocks with a high payout ratio up until now. The payout ratio in itself isn't a promise of a future 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 is a list of some companies with an above 30% payout ratio.
1. John Hancock Tax (HTY)
6400% Payout Ratio
John Hancock Investments-John Hancock Tax-Advantaged global shareholder yield fund is an equity mutual fund that's closed-ended. It was launched by John Hancock Investment Management LLC. The fund is managed by Analytic Investors, LLC, and Epoch Investment Partners, Inc. It invests in public equity markets around the world. The fund invests in shares of companies in the utilities, telecom services, consumer staples and financials sectors. It invests primarily in dividend-paying stocks of companies. The fund invests in stock of companies with diversified market capitalizations. To create its portfolio, the fund combines fundamental analysis and a top-down stock picking strategy. The fund benchmarks its portfolio's performance against the MSCI World Index. John Hancock Investments-John Hancock Tax-Advantaged global shareholder yield fund was established on September 26, 2007, and is based in the United States.
Yearly Top and Bottom Value
John Hancock Tax's stock is valued at $5.01 at 13:23 EST, way below its 52-week high of $7.03 and way higher than its 52-week low of $4.32.
2. Southwest Gas Corporation (SWX)
103.4% Payout Ratio
Through its subsidiaries, Southwest Gas Holdings, Inc. purchases, distributes, transports and transports natural gases in Arizona, Nevada, California. It operates two divisions: Natural Gas Operations, and Utility Infrastructure. It had 2123,000 customers in natural gas operations as of December 31, 2020. It also offers trenching, installation, replacement and maintenance services to energy distribution systems. Southwest Gas Holdings, Inc., was founded in 1931. It is located in Las Vegas, Nevada.
Earnings Per Share
As for profitability, Southwest Gas Corporation has a trailing twelve months EPS of $2.35.
PE Ratio
Southwest Gas Corporation has a trailing twelve months price to earnings ratio of 29.97. Meaning, the purchaser of the share is investing $29.97 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 4.56%.Volume
The current reported volume at Southwest Gas Corporation was 342459, which is 38.41% lower than its 556107 average volume.
Sales Growth
Southwest Gas Corporation's sales growth is 15.7% for the present quarter and 14.1% for the next.
Dividend Yield
Morningstar, Inc. claims that the next dividend payment will be on February 13, 2023. The forward dividend rate for the year is estimated at 2.48, and the forward dividend yield to be 3.56%.
3. Douglas Dynamics (PLOW)
92.74% Payout Ratio
Douglas Dynamics, Inc. is a North American manufacturer and installer of work truck attachments. The company operates two divisions, Work Truck Attachments & Work Truck Solutions. Work Truck Attachments manufactures and distributes snow and control attachments. This includes snowplows and sand-and salt spreaders for heavy trucks. Work Truck Solutions is a segment that manufactures municipal snow-and ice control products. It also provides vehicle and truck upfits. This includes attaching components of equipment to truck bodies and truck chassis, as well as racking and storage solutions. The segment offers storage and up-fit solutions. The company also offers turnkey services to government agencies such as the Departments of Transportation or municipalities. The company sells products under the BLIZZARD and FISHER, HENDERSON brands. It distributes its products to snowplowers, who work in commercial or residential snow removal. Douglas Dynamics, Inc., was established in 1948. It is located in Milwaukee, Wisconsin.
Earnings per Share
Douglas Dynamics' trailing twelve-month EPS is $-3.34.
For the 12 trailing months, the company's return-on-equity, which is a measure of the business' profitability relative to shareholders' equity, was 13.83%.Moving Average
Douglas Dynamics's worth is way higher than its 50-day moving average of $32.69 and way above its 200-day moving average of $32.27.Growth Estimates Quarters
For the current quarter, the company expects to grow by 55.2% and 42.9% respectively.4. Artesian Resources Corporation (ARTNA)
57.16% Payout Ratio
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2020, it served approximately 90,300 metered water customers in Delaware, 2,500 metered water customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Earnings per Share
Artesian Resources Corporation's trailing 12 months earnings per share (EPS) is $1.79
PE Ratio
Artesian Resources Corporation's trailing 12-month price-to-earnings ratio is 31.18. The purchaser of the shares is therefore investing $31.18 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%.Dividend Yield
According to Morningstar, Inc., there will be a next dividend payment on August 7, 2022. The forward dividend rate for the year is estimated at 1.09, and the forward dividend yield of 2.08%.