(VIANEWS) – Erie Indemnity Company (ERIE), American Electric Power Company (AEP), Kellogg Company (K) are the highest payout ratio stocks on this list.

We have congregated information regarding stocks with the highest payout ratio as yet. 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 investigating 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. Erie Indemnity Company (ERIE)

80.58% Payout Ratio

Erie Indemnity Company acts as an attorney-in-fact managing the Erie Insurance Exchange subscribers in the United States. Erie Insurance Exchange policyholders receive sales, renewal, and underwriting services from the company. The company also provides sales services such as agent compensation and sales and marketing support services. Underwriting services include underwriting, policy processing, and customer service. Erie Indemnity Company, which was established in 1925, is located in Erie.

Earnings per Share

Erie Indemnity Company’s trailing 12 months profit per share was $5.51

PE Ratio

Erie Indemnity Company’s trailing 12 months earnings to price ratio is 47.64 The purchaser of the shares is therefore investing $47.64 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 company, was 21.8%.

Growth Estimates Quarters

For the current quarter, the company expects to grow by 24.8% and 22.1% respectively.

Sales Growth

Erie Indemnity Company’s sales growth is 6.2% for the current quarter and 4.9% for the next.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Oct 3, 2022, the estimated forward annual dividend rate is 4.44 and the estimated forward annual dividend yield is 1.68%.

2. American Electric Power Company (AEP)

60.75% Payout Ratio

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

Earnings Per Share

As for profitability, American Electric Power Company has a trailing twelve months EPS of $4.57.

PE Ratio

American Electric Power Company has a trailing twelve months price to earnings ratio of 20.54. Meaning,
the purchaser of the share is investing $20.54 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 11.21%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 21.3%, now sitting on 17.92B for the twelve trailing months.

Moving Average

American Electric Power Company’s worth is above its 50-day moving average of $90.41 and below its 200-day moving average of $95.64.

Growth Estimates Quarters

The company’s growth estimates for the current quarter and the next is 2% and 15.6%, respectively.

3. Kellogg Company (K)

51.67% Payout Ratio

Kellogg Company and its subsidiaries manufacture and market snacks and other convenience foods. It operates in four regions: North America; Europe; Latin America; Asia Middle East Africa. The company’s main products are crackers, crisps and savory snacks. It also makes granola bars, bites and cereal bars. Ready-to-eat cereals and frozen waffles. It sells its products under several brand names, including Kellogg’s and Pringles. The company sells products through distributors and brokers as well as direct sales. It was established in Battle Creek in Michigan in 1906.

Earnings per Share

For profitability, Kellogg Company’s trailing twelve-month EPS is $3.63

PE Ratio

The trailing 12 months Kellogg Company price-earnings ratio is 19.87. The purchaser of the shares is therefore investing $19.87 per dollar in annual earnings.

For the 12 trailing months, the company’s return-on-equity, which is a measure of the business’ profitability relative to shareholders’ equity, was 38.94%.

Sales Growth

Kellogg Company’s sales growth is 2.3% for the current quarter and 2.5% for the next.

4. City Holding Company (CHCO)

39.86% Payout Ratio

City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of residence; first-priority home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, land loans, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, and credit and debit card services. The company operates through a network of 94 branches and 926 full-time equivalent associates in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.

Earnings Per Share

As for profitability, City Holding Company has a trailing twelve months EPS of $5.02.

PE Ratio

City Holding Company has a trailing twelve months price to earnings ratio of 19.57. Meaning,
the purchaser of the share is investing $19.57 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 14%.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 11.6% and 10.4%, respectively.

Yearly Top and Bottom Value

City Holding Company’s stock is valued at $98.18 at 13:23 EST, below its 52-week high of $103.00 and way higher than its 52-week low of $73.40.

Sales Growth

City Holding Company’s sales growth is 10.6% for the present quarter and 10.7% for the next.

5. Information Services Group (III)

37.84% Payout Ratio

Information Services Group, Inc., along with its subsidiaries, is a company that provides technology advisory and research services in Europe, the Americas, and Asia Pacific. It offers services such as digital transformation, automation, cloud and data analytics, sourcing advisory, managed governance and risk, network carrier, technology strategy and operation design, change management, market intelligence, technology research and analysis, and managed governance and risks. The company supports both private and public sectors in optimizing their operations and transforming them. ISG Digital is a platform for clients to develop technology, transformation, source, and digital solutions. ISG Enterprise, an application platform for clients, helps them manage change in finance, human resources, and Procure2Pay. It also offers ISG GovernX software, which gives insights from market performance and helps automate the management third-party supplier relationships, including contract lifecycles and risk management. It serves clients in private sectors such as manufacturing, financial services and insurance. Information Services Group, Inc., was established in 2006. It is located in Stamford, Connecticut.

Earnings per Share

Information Services Group’s trailing twelve-month EPS is $0.36.

PE Ratio

Information Services Group’s trailing 12-month price-earnings ratio is 14.33. The purchaser of the shares is therefore investing $14.33 per dollar in annual earnings.

For the 12 trailing months, the company’s return-on-equity, which is a measure of the business’ profitability relative to shareholders’ equity, was 19.82%.

Moving Average

Information Services Group’s worth is higher than its 50-day moving average of $5.13 and way below its 200-day moving average of $6.27.

Volume

Today’s last reported volume for Information Services Group is 350721 which is 122.87% above its average volume of 157365.

6. Lincoln National Corporation (LNC)

36.65% Payout Ratio

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania.

Earnings per Share

Lincoln National Corporation’s trailing twelve-month EPS is $2.56.

PE Ratio

Lincoln National Corporation’s trailing 12-month price-earnings ratio is 14.91. The purchaser of the shares is therefore investing $14.91 per dollar in annual earnings.

For the 12 trailing months, the company’s return-on-equity, which is an indicator of the business’ profitability relative to shareholders’ equity, was 5.68%.

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