(VIANEWS) - Donegal Group (DGICB), Steelcase (SCS), MainStay DefinedTerm Municipal Opportunities Fund (MMD) 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 investigating 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. Donegal Group (DGICB)
575% Payout Ratio
Donegal Group Inc. is an insurance holding company that provides insurance for individuals and businesses in the Mid-Atlantic and Midwestern regions. The company operates in four areas: Investment Function; Personal Lines of Insurance; and Commercial Lines of Insurance. Private passenger automobile policies are offered by the company that offer protection from bodily injury, property damage and loss due to accidents with automobiles. The company also provides homeowners policies that cover damage to homes and contents against a variety of perils including windstorms, fire lightning and theft. It also covers liability for injuries to persons and property. The company also offers insurance policies for commercial automobiles that protect against bodily injury or property damage caused by automobile accidents, as well as protection from loss of automobiles. It also provides protection for businesses against multiple perils. These policies include commercial multi-peril policies which offer protection for businesses that combine liability and physical damage; workers' compensation policies that cover employees who sustain injuries while working. It sells its products via a network that includes approximately 2400 independent insurance agents. Donegal Group Inc. was established in 1986. It is located in Marietta in Pennsylvania.
Volume
Today's last reported volume for Donegal Group is 835, 0.47% below its average volume of 839.
As claimed by Morningstar, Inc., the next dividend payment is on Jul 28, 2022, the estimated forward annual dividend rate is 0.59 and the estimated forward annual dividend yield is 3.9%.
Year-on-year quarterly revenue growth declined by 0.4%, now sitting on 825.29M for the twelve trailing months.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 0.66%.
Donegal Group's Stock Yearly Top and Bottom Value
Donegal Group's stock is valued at $14.86 at 02:23 EST, way under its 52-week high of $17.80 and way higher than its 52-week low of $12.00.
Donegal Group's Moving Average
Donegal Group's value is under its 50-day moving average of $15.60 and higher than its 200-day moving average of $14.31.2. Steelcase (SCS)
341.18% Payout Ratio
Steelcase Inc. produces and sells interior architecture products, as well as user-centered technology and integrated furniture sets, in the United States. The company operates in Americas, EMEA and other segments. Its furniture products include panels, beam and fence-based furniture, storage products and fixed and height-adjustable tables. The company's seating products include task chairs, seating for casual or collaborative settings and special seating for vertical markets like healthcare and education. Interior architectural products offered by the company include architectural pods and full height walls. The company also offers textiles and wall coverings and surface imaging solutions to architects and designers. It also offers workplace strategy consulting and data-driven space measurements, lease origination and furniture management. It sells products to retail, corporate and government customers. The company distributes products and services via a network independent dealers and company-owned distributors, and directly to customers. It was established in Grand Rapids in Michigan in 1912.
Volume
Today's last reported volume for Steelcase is 419067, 25.5% below its average volume of 562554.
As claimed by Morningstar, Inc., the next dividend payment is on Jul 5, 2022, the estimated forward annual dividend rate is 0.58 and the estimated forward annual dividend yield is 4.89%.
Steelcase's sales growth this year is expected to be 20.3% and 7.3% for next year.
Year-on-year quarterly revenue growth grew by 33.1%, now sitting on 2.96B for the twelve trailing months.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 2.37%.
Volatility
Steelcase's last day, week, and month's current intraday variation average was 4.72%, 1.73%, and 1.57%, respectively.
Steelcase's highest amplitude of average volatility was 5.51% (day), 2.23% (last week), and 2.25% (last month), respectively.
Steelcase's Stock Yearly Top and Bottom Value
Steelcase's stock is valued at $11.65 at 02:23 EST, way under its 52-week high of $14.38 and way higher than its 52-week low of $10.19.
Steelcase's Moving Average
Steelcase's value is higher than its 50-day moving average of $11.20 and under its 200-day moving average of $11.72.3. MainStay DefinedTerm Municipal Opportunities Fund (MMD)
79.07% Payout Ratio
The MainStay DefinedTerm Municipal Opportunities Fund, a fixed-income mutual fund that is closed-ended and managed by New York Life Investment Management LLC, was launched in 2012. MacKay Shields LLC co-manages the fund. The fund invests in fixed income markets across the United States. It invests primarily in municipal bonds of investment quality, which are exempted from U.S. Federal Income Taxes. The fund benchmarks its performance against the Barclays Municipal Bond Index. The MainStay DefinedTerm Municipal Opportunities Fund was established on June 26, 2012. It is based in the United States.
Volume
Today's last reported volume for MainStay DefinedTerm Municipal Opportunities Fund is 38956, 29.28% below its average volume of 55088.
As claimed by Morningstar, Inc., the next dividend payment is on Aug 11, 2022, the estimated forward annual dividend rate is 1.02 and the estimated forward annual dividend yield is 5.45%.
Year-on-year quarterly revenue growth declined by 7.4%, now sitting on 36.06M for the twelve trailing months.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 6.16%.
Volatility
MainStay DefinedTerm Municipal Opportunities Fund's last day, week, and month's current intraday variation average was 0.22%, 0.58%, and 0.65%, respectively.
MainStay DefinedTerm Municipal Opportunities Fund's highest amplitude of average volatility was 0.92% (day), 1.18% (last week), and 1.78% (last month), respectively.
MainStay DefinedTerm Municipal Opportunities Fund's Stock Yearly Top and Bottom Value
MainStay DefinedTerm Municipal Opportunities Fund's stock is valued at $18.01 at 02:24 EST, way below its 52-week high of $22.63 and higher than its 52-week low of $16.82.
MainStay DefinedTerm Municipal Opportunities Fund's Moving Average
MainStay DefinedTerm Municipal Opportunities Fund's value is under its 50-day moving average of $18.47 and below its 200-day moving average of $19.12.4. Old National Bancorp (ONB)
51.85% Payout Ratio
Old National Bancorp is the bank holding company of Old National Bank. It provides financial services for individual and business customers throughout the United States. Deposit accounts are accepted, with interest bearing checking and non-interest-bearing demands. It also accepts savings and money market deposits. Loans such as residential equity lines of credit and consumer loans. It also offers automated teller machines cards and debit, along with telephone access and online banking. It operated 162 banks centers, primarily located in Indiana, Kentucky and Minnesota. Old National Bancorp, which was established in 1834, is located in Evansville (Indiana).
Volume
Today's last reported volume for Old National Bancorp is 1332060, 22.58% below its average volume of 1720710.
As stated by Morningstar, Inc., the next dividend payment is on Aug 30, 2022, the estimated forward annual dividend rate is 0.56 and the estimated forward annual dividend yield is 3.35%.
Old National Bancorp's sales growth this year is expected to be 94.8% and 12.1% for next year.
Year-on-year quarterly revenue growth grew by 103.3%, now sitting on 1.01B for the twelve trailing months.
Old National Bancorp's sales growth for the next quarter is 120.1%. The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 5.34%.
Volatility
Old National Bancorp's last day, week, and month's current intraday variation average was 0.12%, 1.18%, and 1.06%, respectively.
Old National Bancorp's highest amplitude of average volatility was 1.27% (day), 1.71% (last week), and 1.58% (last month), respectively.
Old National Bancorp's Stock Yearly Top and Bottom Value
Old National Bancorp's stock is valued at $16.71 at 02:24 EST, way below its 52-week high of $20.81 and way higher than its 52-week low of $14.22.
Old National Bancorp's Moving Average
Old National Bancorp's value is above its 50-day moving average of $16.43 and below its 200-day moving average of $16.96.5. Independent Bank Corporation (IBCP)
31.05% Payout Ratio
Independent Bank Corporation is the holding bank for Independent Bank. It provides various banking services to both individuals and companies. It offers banking services such as checking and saving accounts and commercial lending. The company also offers title insurance, investment services, and insurance brokerage. It offers services via 59 branches and two drive-thru locations, nine Michigan loan production offices, as well as two Ohio loan production offices. Independent Bank Corporation was established in Grand Rapids (Michigan) in 1864.
Volume
Today's last reported volume for Independent Bank Corporation is 74625, 6.45% below its average volume of 79771.
As stated by Morningstar, Inc., the next dividend payment is on Aug 3, 2022, the estimated forward annual dividend rate is 0.88 and the estimated forward annual dividend yield is 4.17%.
Independent Bank Corporation's sales growth this year is expected to be negative 15% and 9.1% for next year.
Year-on-year quarterly revenue growth grew by 1.5%, now sitting on 205.42M for the twelve trailing months.
Independent Bank Corporation's sales growth for the next quarter is negative 4.8%. The company's growth estimates for the present quarter and the next is negative 16.4% and 10.3%. The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 16.35%.
Volatility
Independent Bank Corporation's last day, week, and month's current intraday variation average was 0.34%, 1.24%, and 0.97%, respectively.
Independent Bank Corporation's highest amplitude of average volatility was 2.23% (day), 1.85% (last week), and 1.77% (last month), respectively.
Independent Bank Corporation's Stock Yearly Top and Bottom Value
Independent Bank Corporation's stock is valued at $20.52 at 02:24 EST, way under its 52-week high of $26.00 and way above its 52-week low of $17.87.