(VIANEWS) - Pimco Corporate & Income Strategy Fund (PCN), OUTFRONT Media (OUT), Comp Energetica de Minas Gerais (CIG) are the highest payout ratio stocks on this list.
We have congregated information about 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 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. Pimco Corporate & Income Strategy Fund (PCN)
160.71% Payout Ratio
PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in fixed income securities such as treasury bonds, corporate notes, U.S. government agency securities, mortgage backed and asset-backed securities. The fund employs fundamental analysis with a top-down security selection process to create its portfolio. The fund was formerly known as PIMCO Corporate Income Fund. PIMCO Corporate & Income Strategy Fund was formed on October 17, 2001 and is domiciled in the United States.
Earnings per Share
Pimco Corporate & Income Strategy Fund's trailing 12 months EPS is $0.84.
PE Ratio
Pimco Corporate & Income Strategy Fund's trailing 12-month price-to-earnings ratio is 15.17. The purchaser of the shares is investing $15.17 per dollar in annual earnings.
2. OUTFRONT Media (OUT)
107.53% Payout Ratio
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.
Earnings Per Share
As for profitability, OUTFRONT Media has a trailing twelve months EPS of $0.91.
PE Ratio
OUTFRONT Media has a trailing twelve months price to earnings ratio of 18.63. Meaning, the purchaser of the share is investing $18.63 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 12.14%.Dividend Yield
Morningstar, Inc. estimates that the next dividend payment will be made on November 30, 2022. The forward dividend rate for the year is estimated at 1.2, and the forward dividend yield to be 7.16%.
Sales Growth
OUTFRONT Media's sales growth is 6.6% for the ongoing quarter and 9.7% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 13.7%, now sitting on 1.74B for the twelve trailing months.
3. Comp Energetica de Minas Gerais (CIG)
103.17% Payout Ratio
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.
Earnings per Share
Comp Energetica de Minas Gerais' trailing twelve-month EPS is $0.24.
PE Ratio
Comp Energetica de Minas Gerais' trailing 12-month price-to-earnings ratio is 8.88. The purchaser of the shares is therefore investing $8.88 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 17.66%.Revenue growth
The year-on-year revenue growth fell by 3.2%. We now have 34.37B in the 12 trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Sep 29, 2022, the estimated forward annual dividend rate is 0.22 and the estimated forward annual dividend yield is 10.21%.
Moving Average
Comp Energetica de Minas Gerais's worth is higher than its 50-day moving average of $2.10 and way under its 200-day moving average of $2.40.Volume
Comp Energetica de Minas Gerais's current volume is 7887030, which is 11.99% lower than its average volume at 8961800.
4. Miller Industries (MLR)
60% Payout Ratio
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. The company was founded in 1990 and is based in Ooltewah, Tennessee.
Earnings per Share
Miller Industries' trailing 12 month EPS is $1.2.
PE Ratio
Miller Industries' trailing 12-month price-earnings ratio is 22.61. The purchaser of the shares is therefore investing $22.61 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 4.76%.