(VIANEWS) – Madison Covered Call & Equity Strategy Fund (MCN), Progressive Corporation (PGR), Novo Nordisk A/S (NVO) are the highest payout ratio stocks on this list.

Here’s the data we’ve collected of stocks with a high payout ratio up to now. The payout ratio in itself isn’t a guarantee of a future 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 is a list of some companies with an above 30% payout ratio.

1. Madison Covered Call & Equity Strategy Fund (MCN)

156.52% Payout Ratio

Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC.

Volume

Today’s last reported volume for Madison Covered Call & Equity Strategy Fund is 27712 which is 58.68% below its average volume of 67066.

As stated by Morningstar, Inc., the next dividend payment is on Jun 14, 2021, the estimated forward annual dividend rate is 0.72 and the estimated forward annual dividend yield is 8.96%.

Year-on-year quarterly revenue growth declined by 37.4%, now sitting on 2.36M 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 6.34%.

Volatility

Madison Covered Call & Equity Strategy Fund’s last day, week, and month’s current volatility was 0.62%, 0.25%, and 0.53%, respectively.

Madison Covered Call & Equity Strategy Fund’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.37% (day), 0.57% (last week), and 0.91% (last month), respectively.

Madison Covered Call & Equity Strategy Fund’s Stock Yearly Top and Bottom Value

Madison Covered Call & Equity Strategy Fund’s stock is valued at $8.15 at 20:23 EST, below its 52-week high of $8.49 and way higher than its 52-week low of $5.70.

Madison Covered Call & Equity Strategy Fund’s Moving Average

Madison Covered Call & Equity Strategy Fund’s value is above its 50-day moving average of $8.13 and above its 200-day moving average of $7.74.

2. Progressive Corporation (PGR)

52.74% Payout Ratio

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States.

Volume

Today’s last reported volume for Progressive Corporation is 2296820 which is 25.27% below its average volume of 3073300.

As stated by Morningstar, Inc., the next dividend payment is on Jul 5, 2021, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 0.42%.

Progressive Corporation’s sales growth this year is expected to be 13.6% and 9.9% for next year.

Year-on-year quarterly revenue growth grew by 8.5%, now sitting on 45.69B for the twelve trailing months.

Progressive Corporation’s sales growth is 18.6% for the current quarter and 11.2% for the next. The company’s growth estimates for the current quarter and the next is negative 40.8% and negative -36.5%. The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 31.04%.

Volatility

Progressive Corporation’s last day, week, and month’s current volatility was 1.31%, 1.12%, and 0.97%, respectively.

Progressive Corporation’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.45% (day), 1.52% (last week), and 1.97% (last month), respectively.

Progressive Corporation’s Stock Yearly Top and Bottom Value

Progressive Corporation’s stock is valued at $95.16 at 20:23 EST, way under its 52-week high of $107.59 and way above its 52-week low of $84.89.

Progressive Corporation’s Moving Average

Progressive Corporation’s value is below its 50-day moving average of $95.82 and above its 200-day moving average of $95.13.

3. Novo Nordisk A/S (NVO)

49.34% Payout Ratio

Novo Nordisk A/S, a healthcare company, engages in the research, development, manufacture, and marketing of pharmaceutical products worldwide.

Volume

Today’s last reported volume for Novo Nordisk A/S is 722049 which is 21.97% below its average volume of 925396.

As claimed by Morningstar, Inc., the next dividend payment is on Mar 25, 2021, the estimated forward annual dividend rate is 1.84 and the estimated forward annual dividend yield is 2.2%.

Novo Nordisk A/S’s sales growth this year is expected to be 7.1% and 7% for next year.

Year-on-year quarterly revenue growth declined by 0.2%, now sitting on 126.88B for the twelve trailing months.

Novo Nordisk A/S’s sales growth is 8.1% for the present quarter and 7.2% for the next. The company’s growth estimates for the present quarter and the next is 6.9% and 5.6%. The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 75.94%.

Volatility

Novo Nordisk A/S’s last day, week, and month’s current volatility was 0.13%, 1.43%, and 0.84%, respectively.

Novo Nordisk A/S’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.19% (day), 1.31% (last week), and 1.09% (last month), respectively.

Novo Nordisk A/S’s Stock Yearly Top and Bottom Value

Novo Nordisk A/S’s stock is valued at $92.60 at 20:23 EST, higher than its 52-week high of $92.18.

Novo Nordisk A/S’s Moving Average

Novo Nordisk A/S’s worth is above its 50-day moving average of $85.13 and way above its 200-day moving average of $76.14.

4. Donegal Group (DGICA)

32.09% Payout Ratio

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states.

Volume

Today’s last reported volume for Donegal Group is 46183 which is 24.45% below its average volume of 61133.

As claimed by Morningstar, Inc., the next dividend payment is on Jul 29, 2021, the estimated forward annual dividend rate is 0.64 and the estimated forward annual dividend yield is 4.16%.

Donegal Group’s sales growth this year is anticipated to be 4.3% and 6.1% for next year.

Year-on-year quarterly revenue growth grew by 3.1%, now sitting on 797.12M for the twelve trailing months.

Donegal Group’s sales growth is 4.3% for the current quarter and 4.9% for the next. The company’s growth estimates for the ongoing quarter and the next is negative 54.1% and negative -28.1%. The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 10.23%.

Volatility

Donegal Group’s last day, week, and month’s current volatility was 0.59%, 1.25%, and 1.23%, respectively.

Donegal Group’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.85% (day), 2.22% (last week), and 2.12% (last month), respectively.

Donegal Group’s Stock Yearly Top and Bottom Value

Donegal Group’s stock is valued at $15.47 at 20:23 EST, below its 52-week high of $16.48 and way above its 52-week low of $13.27.

Donegal Group’s Moving Average

Donegal Group’s value is above its 50-day moving average of $15.09 and above its 200-day moving average of $14.89.

Previous days news about Donegal Group (DGICA)

Recap: donegal group Q2 earnings. According to Benzinga on Tuesday, 27 July, "Shares of Donegal Group (NASDAQ:DGICA) decreased in after-market trading after the company reported Q2 results."

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