(VIANEWS) – Nuveen Arizona Premium Income Municipal Fund (NAZ), Highway Holdings Limited (HIHO), PetMed Express (PETS) are the highest payout ratio stocks on this list.

Here’s the data we’ve collected of stocks with a high payout ratio so far. 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 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. Nuveen Arizona Premium Income Municipal Fund (NAZ)

2000% Payout Ratio

Nuveen Investments, Inc. launched the Nuveen Arizona Quality Municipal Income Fund, a closed-ended fixed income mutual fund. Nuveen Asset Management, LLC manages the fund. The fund invests in Arizona’s fixed income markets. It invests in Arizona municipal securities, and related investments that generate income. The income is exempted from Arizona regular income taxes. To create its portfolio, it combines fundamental analysis and bottom-up stock selection. It compares its portfolio’s performance against Standard & Poor’s (S&P), Arizona Municipal Bond Index, and Standard & Poor’s (S&P), National Municipal Bond Index. Formerly known as Nuveen Arizona Premium income Municipal Fund, the fund is now Nuveen Arizona Premium Income Municipal Fund. Nuveen Arizona Quality Municipal Income Fund, which was established on November 19, 1992, is based in the United States.

Earnings Per Share

As for profitability, Nuveen Arizona Premium Income Municipal Fund has a trailing twelve months EPS of $0.03.

PE Ratio

Nuveen Arizona Premium Income Municipal Fund has a trailing twelve months price to earnings ratio of 464.67. Meaning,
the purchaser of the share is investing $464.67 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 0.18%.

Yearly Top and Bottom Value

Nuveen Arizona Premium Income Municipal Fund’s stock is valued at $13.94 at 02:23 EST, way below its 52-week high of $16.24 and way above its 52-week low of $12.50.

Moving Average

Nuveen Arizona Premium Income Municipal Fund’s value is above its 50-day moving average of $13.49 and higher than its 200-day moving average of $13.89.

Volume

Today’s last reported volume for Nuveen Arizona Premium Income Municipal Fund is 13243 which is 14.8% below its average volume of 15545.

2. Highway Holdings Limited (HIHO)

141.67% Payout Ratio

Highway Holdings Limited and its subsidiaries manufacture and supply metal, plastic and electric components and subassemblies for original equipment makers (OEMs), and contract manufacturers. The company operates in two divisions: Metal Stamping and Mechanical OEM. It also deals in plastic injection products and makes and assembles automated equipment. The company’s products can be used to manufacture products such as photocopiers and laser printers. It also sells electrical connectors and electrical circuits. Vacuum cleaners, power supplies for LEDs, vacuum cleaners, vacuum pumps, motors for washing machines, and other components. The company also assists its customers with the development and design of tooling for metal and plastic manufacturing. It offers a variety of manufacturing and engineering services including metal stamping and screen printing, injection molding plastic, pad printing and electronic assembly of printed circuit board. The company operates across Asia, including Hong Kong, China and Europe. Highway Holdings Limited, which was founded in 1990, is located in Sheung Shui in Hong Kong.

Earnings Per Share

As for profitability, Highway Holdings Limited has a trailing twelve months EPS of $0.12.

PE Ratio

Highway Holdings Limited has a trailing twelve months price to earnings ratio of 19.08. Meaning,
the purchaser of the share is investing $19.08 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 5.27%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 1.9%, now sitting on 12.31M for the twelve trailing months.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Sep 28, 2022, the estimated forward annual dividend rate is 0.32 and the estimated forward annual dividend yield is 13.97%.

3. PetMed Express (PETS)

125% Payout Ratio

PetMed Express, Inc. and its affiliates operate a United States pet pharmacy. It sells prescription and non-prescription medications for pets, as well as health products and supplies for horses, dogs and cats. The company sells non-prescription medication and supplies such as flea, tick, joint and bone care products, vitamins and nutritional supplements, and hygiene products. It also offers prescription medications including heartworm and tick prevention, allergy, asthma, treatment for dermatitis and pain medications. It also offers pet food, bedding, crates and stairs. The company sells products via its website, mobile app, telephone contact centre, and direct mail/print. This includes brochures as well as postcards. Television advertising is also available under the PetMeds and 1-800-PetMeds brand names. PetMed Express, Inc., was established in 1996. It is located in Delray Beach, Florida.

Earnings Per Share

As for profitability, PetMed Express has a trailing twelve months EPS of $0.96.

PE Ratio

PetMed Express has a trailing twelve months price to earnings ratio of 21.51. Meaning,
the purchaser of the share is investing $21.51 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 13.86%.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 19.4% and positive 14.3% for the next.

Yearly Top and Bottom Value

PetMed Express’s stock is valued at $20.65 at 02:23 EST, way below its 52-week high of $32.67 and above its 52-week low of $19.09.

4. Philip Morris International (PM)

85.76% Payout Ratio

Philip Morris International Inc. is a tobacco company that works to deliver a smoke-free world. The long-term vision of Philip Morris International Inc. is to expand its portfolio to other products than the nicotine and tobacco sector. Its products include cigarettes, smoke-free products and heat-not burn, vapor and oral nicotine products. The products are available in countries outside of the United States. HEETS Creations and HEETS Dimensions are the brands that offer smoke-free products. The company also offers its products under the Marlboro and Parliament brands. The company also owns a number of cigarette brands including Dji Sam Soe and Sampoerna A in Indonesia, and Sampoerna U and Fortune in the Philippines. It sells smoke-free products to 71 countries. Philip Morris International Inc., which was founded in 1987 is located in New York.

Earnings Per Share

As for profitability, Philip Morris International has a trailing twelve months EPS of $5.54.

PE Ratio

Philip Morris International has a trailing twelve months price to earnings ratio of 15.81. Meaning,
the purchaser of the share is investing $15.81 for every dollar of annual earnings.

Growth Estimates Quarters

The company’s growth estimates for the current quarter and the next is a negative 9.5% and a negative 9.6%, respectively.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Jun 29, 2022, the estimated forward annual dividend rate is 5 and the estimated forward annual dividend yield is 5.15%.

Sales Growth

Philip Morris International’s sales growth for the next quarter is negative 7.1%.

5. Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND)

39.08% Payout Ratio

BrasilAgro – Companhia Brasileira de Propriedades AgrAcolas is involved in the development, exploration and sale of land suitable for agriculture in Brazil. Six segments make up the company: Real Estate and Grains, Sugarcane/Cattle Raising, Cotton, Other, and Others. The company is involved with the production of cattle calves and their sale after they are weaned. It has 10 farms located in six Brazilian states, and one farm in Paraguay. The total land area is 215,330 ha of its own lands and 53 7,355 hectares from leased lands. The company also exports and imports agricultural products, inputs and property, as well as purchases, sales, and/or rentals of land, buildings and properties in urban and rural areas. It provides real estate brokerage and management services. It was founded in Brazil in 2005. The headquarters are in Sao Paulo.

Earnings Per Share

As for profitability, Brasilagro Brazilian Agric Real Estate Co Sponsored ADR has a trailing twelve months EPS of $1.34.

PE Ratio

Brasilagro Brazilian Agric Real Estate Co Sponsored ADR has a trailing twelve months price to earnings ratio of 4.42. Meaning,
the purchaser of the share is investing $4.42 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 41.4%.

6. CVS Health (CVS)

34.11% Payout Ratio

CVS Health Corporation offers health services in America. Health Care Benefits is a segment of the company that offers traditional, consumer-directed, and voluntary health insurance products. This segment serves individuals, employers, students, part time and hourly workers as well as health plans and health care providers. It also assists governmental units, government sponsored plans, labor groups and expatriates. The Pharmacy Services segment provides pharmacy benefits management solutions. This includes plan design, administration, formulary management and retail pharmacy network management. Mail order pharmacy, specialty pharmacy, infusion and clinical management. This segment serves insurance companies, unions and government employees, employers and health plans. It also offers prescription drug plans and Medicaid managed care plans. These plans are offered through public and private insurance exchanges. The segment includes specialty pharmacies and mail-order and mail-order dispensing specialty and compounding pharmacies. There are also branches that offer infusion or enteral nutrition. Retail/LTC sells over-the-counter and prescription drugs as well as personal and consumer care products. MinuteClinic walks-in clinics provide health services. The segment distributes prescription drugs and offers related pharmacy consulting services and other ancillary service to other care providers. It had approximately 9900 retail outlets and 1200 MinuteClinic locations as of December 31, 2021. There were also online and LTC pharmacies and on-site pharmacies. CVS Health Corporation was previously known as CVS Caremark Corporation. It changed its name in September 2014 to CVS Health Corporation. CVS Health Corporation was established in 1963. It is located in Woonsocket in Rhode Island.

Earnings Per Share

As for profitability, CVS Health has a trailing twelve months EPS of $5.46.

PE Ratio

CVS Health has a trailing twelve months price to earnings ratio of 17.98. Meaning,
the purchaser of the share is investing $17.98 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 10.99%.

Volume

Today’s last reported volume for CVS Health is 3485450 which is 25.93% below its average volume of 4705940.

Dividend Yield

As stated by Morningstar, Inc., the next dividend payment is on Jul 20, 2022, the estimated forward annual dividend rate is 2.2 and the estimated forward annual dividend yield is 2.3%.

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