(VIANEWS) – Nuveen New York Municipal Value Fund (NNY), Erie Indemnity Company (ERIE), Crown Crafts (CRWS) are the highest payout ratio stocks on this list.

We have gathered 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 issue 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. Nuveen New York Municipal Value Fund (NNY)

1417.5% Payout Ratio

Nuveen New York Municipal Value Fund, Inc., a closed-ended mutual fund that provides fixed income, was launched by Nuveen Investments, Inc. Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC co-manage the fund. The fund invests in New York’s fixed income markets. It invests in exempt tax municipal bonds with ratings of at least Baa/BBB. To create its portfolio, it uses fundamental analysis and bottom-up stock selection. It benchmarks its portfolio’s performance against Standard & Poor’s New York Municipal Bond Index, and Standard & Poor’s National Municipal Bond Index. Nuveen New York Municipal Value Fund, Inc., was established on October 7, 1987. It is based in the United States.

Earnings Per Share

As for profitability, Nuveen New York Municipal Value Fund has a trailing twelve months EPS of $0.02.

PE Ratio

Nuveen New York Municipal Value Fund has a trailing twelve months price to earnings ratio of 409. Meaning,
the purchaser of the share is investing $409 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 negative -0.06%.

Moving Average

Nuveen New York Municipal Value Fund’s value is below its 50-day moving average of $8.29 and under its 200-day moving average of $8.77.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Nov 13, 2022, the estimated forward annual dividend rate is 0.31 and the estimated forward annual dividend yield is 3.89%.

Annual Top and Bottom Value

Nuveen New York Municipal Value Fund stock was valued at $8.18 as of 01:24 EST. This is less than its 52 week high of $10.20, and higher than its 52 week low of $7.95.

Volume

Today’s last reported volume for Nuveen New York Municipal Value Fund is 32890 which is 5.14% below its average volume of 34673.

2. Erie Indemnity Company (ERIE)

80.58% Payout Ratio

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

Earnings Per Share

As for profitability, Erie Indemnity Company has a trailing twelve months EPS of $5.51.

PE Ratio

Erie Indemnity Company has a trailing twelve months price to earnings ratio of 47.64. Meaning,
the purchaser of the share is investing $47.64 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 21.8%.

3. Crown Crafts (CRWS)

32.65% Payout Ratio

Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods. The company sells its products primarily to mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, internet accounts, wholesale clubs and internet-based retailers through a network of sales force and independent commissioned sales representatives. Crown Crafts, Inc. was incorporated in 1957 and is headquartered in Gonzales, Louisiana.

Earnings Per Share

As for profitability, Crown Crafts has a trailing twelve months EPS of $0.73.

PE Ratio

Crown Crafts has a trailing twelve months price to earnings ratio of 7.97. Meaning,
the purchaser of the share is investing $7.97 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 22.63%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 17.7%, now sitting on 87.36M for the twelve trailing months.

Moving Average

Crown Crafts’s value is below its 50-day moving average of $5.89 and below its 200-day moving average of $6.29.

Volume

Today’s last reported volume for Crown Crafts is 567 which is 95.5% below its average volume of 12612.

Yearly Top and Bottom Value

Crown Crafts’s stock is valued at $5.82 at 01:29 EST, way below its 52-week high of $8.03 and higher than its 52-week low of $5.72.

4. Independent Bank Group (IBTX)

30.18% Payout Ratio

Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2020, the company operated 93 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

Earnings Per Share

As for profitability, Independent Bank Group has a trailing twelve months EPS of $5.03.

PE Ratio

Independent Bank Group has a trailing twelve months price to earnings ratio of 12.45. Meaning,
the purchaser of the share is investing $12.45 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 8.52%.

Sales Growth

Independent Bank Group’s sales growth is 10.3% for the ongoing quarter and 12% for the next.