(VIANEWS) - Invesco Trust for Investment Grade New York Municipals (VTN), Cracker Barrel Old Country Store (CBRL), CVB Financial Corporation (CVBF) are the highest payout ratio stocks on this list.
We have collected information about stocks with the highest payout ratio so far. 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. Invesco Trust for Investment Grade New York Municipals (VTN)
2858% Payout Ratio
Invesco Trust for Investment Grade New York Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade New York Municipals. Invesco Trust for Investment Grade New York Municipals was formed on March 27, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Trust for Investment Grade New York Municipals has a trailing twelve months EPS of $-0.05.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 0.17%.Moving Average
Invesco Trust for Investment Grade New York Municipals's value is higher than its 50-day moving average of $10.11 and higher than its 200-day moving average of $10.45.Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Oct 13, 2022, the estimated forward annual dividend rate is 0.51 and the estimated forward annual dividend yield is 5.44%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 10.6%, now sitting on 14.84M for the twelve trailing months.
2. Cracker Barrel Old Country Store (CBRL)
91.71% Payout Ratio
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 14, 2022, it operated 664 Cracker Barrel stores in 45 states. The company was incorporated in 1969 and is headquartered in Lebanon, Tennessee.
Earnings Per Share
As for profitability, Cracker Barrel Old Country Store has a trailing twelve months EPS of $2.02.
PE Ratio
Cracker Barrel Old Country Store has a trailing twelve months price to earnings ratio of 53.06. Meaning, the purchaser of the share is investing $53.06 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 22.44%.Moving Average
Cracker Barrel Old Country Store's value is higher than its 50-day moving average of $105.08 and above its 200-day moving average of $102.84.Revenue Growth
Year-on-year quarterly revenue growth grew by 5.9%, now sitting on 3.27B for the twelve trailing months.
Yearly Top and Bottom Value
Cracker Barrel Old Country Store's stock is valued at $106.91 at 19:23 EST, way under its 52-week high of $136.00 and way above its 52-week low of $81.87.
3. CVB Financial Corporation (CVBF)
48.39% 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
As for profitability, CVB Financial Corporation has a trailing twelve months EPS of $1.5.
PE Ratio
CVB Financial Corporation has a trailing twelve months price to earnings ratio of 16.49. Meaning, the purchaser of the share is investing $16.49 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 11.01%.Yearly Top and Bottom Value
CVB Financial Corporation's stock is valued at $24.72 at 19:23 EST, way under its 52-week high of $29.25 and way above its 52-week low of $21.44.
4. Walker & Dunlop (WD)
30.46% Payout Ratio
Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans. It also provides multifamily finance for manufactured housing communities, student housing, affordable housing, and senior housing properties under the Fannie Mae's DUS program; and construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities. In addition, the company acts as an intermediary in the placement of commercial real estate debt between institutional sources of capital, including life insurance companies, investment banks, commercial banks, pension funds, CMBS conduits, and other institutional investors, as well as owners of various types of commercial real estate. Further, it advises on capital structure; develops the financing package; facilitates negotiations between its client and institutional sources of capital; coordinates due diligence; and assists in closing the transaction. Additionally, the company offers property sales brokerage, underwriting and risk management, and servicing and asset management services. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.
Earnings Per Share
As for profitability, Walker & Dunlop has a trailing twelve months EPS of $7.55.
PE Ratio
Walker & Dunlop has a trailing twelve months price to earnings ratio of 12.34. Meaning, the purchaser of the share is investing $12.34 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 16.31%.Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Nov 22, 2022, the estimated forward annual dividend rate is 2.4 and the estimated forward annual dividend yield is 2.64%.