(VIANEWS) - Pioneer High Income Trust (PHT), NVE Corporation (NVEC), PNM Resources (PNM) are the highest payout ratio stocks on this list.
We have congregated information concerning stocks with the highest payout ratio so far. 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. Pioneer High Income Trust (PHT)
436.84% Payout Ratio
Pioneer High Income Trust is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities. It seeks to invest in bonds that are rated BBB- or lower by Standard and Poor's or a similar national rating service. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch High Yield Master II Index. Pioneer High Income Trust was formed on April 25, 2002 and is domiciled in the United States.
Earnings Per Share
As for profitability, Pioneer High Income Trust has a trailing twelve months EPS of $0.19.
PE Ratio
Pioneer High Income Trust has a trailing twelve months price to earnings ratio of 34.58. Meaning, the purchaser of the share is investing $34.58 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 1.95%.Volume
Pioneer High Income Trust's current reported volume is 87252, which is 10.48% lower than its usual volume of 97475.
2. NVE Corporation (NVEC)
110.5% Payout Ratio
NVE Corporation designs and sells products that utilize spintronics. This is a type of nanotechnology that uses electron spin to obtain, store and transmit data in the United States as well as internationally. It manufactures sensors and couplers that enable data acquisition and transmission. The company's sensors detect magnetic material and determine speed. It also makes custom sensors and sensors that can replace electromechanical magnet switches in medical devices. Spintronic couplers are also offered by the company for use in industrial Internet of Things. It also engages in spintronic magnetoresistive random-access memory technology research, development and licensing. NVE Corporation was established in 1989. It is located in Eden Prairie in Minnesota.
Earnings Per Share
As for profitability, NVE Corporation has a trailing twelve months EPS of $2.47.
PE Ratio
NVE Corporation has a trailing twelve months price to earnings ratio of 26.76. Meaning, the purchaser of the share is investing $26.76 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 26.54%.Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Oct 27, 2022, the estimated forward annual dividend rate is 4 and the estimated forward annual dividend yield is 6%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 57.1%, now sitting on 31.06M for the twelve trailing months.
Volume
NVE Corporation's latest reported volume is 21205, which is 20.73% more than its average volume (17563)
Yearly Top and Bottom Value
NVE Corporation's stock is valued at $65.99 at 07:23 EST, way below its 52-week high of $75.50 and way higher than its 52-week low of $43.35.
3. PNM Resources (PNM)
75% Payout Ratio
Through its subsidiaries, PNM Resources, Inc. engages in energy and related businesses in the United States. The company operates under the Texas-New Mexico Power Company and Public Service Company of New Mexico segments. PNM is the main participant in electricity generation, transmission and distribution. The PNM segment generates electricity from coal, natural gas, oil, nuclear fuel, solar, wind and other energy sources. This segment owned or leased facilities that had a net generation of 2,102 megawatts. It also owned 6,067 miles in distribution overhead lines and 5,885 miles underground distribution lines. There were also 3,206 miles worth of electric transmission lines. The segment also has office equipment and office space that it owns or leases. The TNMP segment offers regulated distribution and transmission services. This segment had 997 miles in overhead electric transmission lines and 7,151 miles in overhead distribution lines as of December 31, 2018. It also owned 1,260 miles underground distribution lines and 122 substations. The company also has vehicles and service facilities that it leases or owns. It serves around 782,000 customers in residential, commercial and industrial settings, as well end-users of electric power in New Mexico, Texas. PNM Resources, Inc. was established in 1917. It is located in Albuquerque, New Mexico.
Earnings per Share
PNM Resources' trailing 12 month EPS is $1.81.
PE Ratio
PNM Resources' trailing 12-month price-earnings ratio is 25.92. The purchaser of shares is investing $25.92 per dollar in annual earnings.
Sales Growth
PNM Resources's sales growth is negative 2.2% for the present quarter and negative 43.6% for the next.
Moving Average
PNM Resources's current value exceeds its moving average for 50 days of $46.74 as well as its moving average for 200 days of $46.68.4. Premier Financial Corp. (PFC)
41.55% Payout Ratio
Premier Financial Corp. offers a variety of banking services through its subsidiaries. You can get various services such as checking and money market certificates, certificates, of deposits and certificates of registry service for deposit accounts, savings accounts, and other investment products. It also offers residential and commercial real estate loans as well as commercial and personal loans. It also invests in U.S. Treasury and Federal Government Agency Obligations, obligations of States and Political subdivisions, federally-issued mortgage-backed securities, collateralized mortgage obligations and corporate bonds. The company also offers services for property, casualty and group insurance agencies, including mezzanine financing services and mezzanine banking. These include online banking and mobile banking. People Pay allows you to pay your bills online and open an account online. MoneyPass ATM networks are available. The company has 75 bank center offices, 12 loan offices, in Ohio, Michigan and Indiana. Premier Financial Corp. was previously known as First Defiance Financial Corp. Premier Financial Corp. was founded in 1995. It is located in Defiance, Ohio.
Earnings per Share
Premier Financial Corp.'s trailing 12 months EPS is $3.52.
PE Ratio
Premier Financial Corp.'s trailing 12 months price-to-earnings ratio is 8.3. The purchaser of the shares is therefore investing $8.3 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 10.78%.5. Omega Flex (OFLX)
36.95% Payout Ratio
Omega Flex, Inc. and its subsidiaries manufacture and sell flexible metal hoses, and other accessories, in North America as well. Flexible gas piping is available for residential and commercial use, along with its fittings. Corrugated medical tubing can be used in hospitals, ambulatory centers, dentist, physician, veterinary clinics, labs and other locations. It sells products under the TracPipe and CounterStrike brand names. The company serves many markets including manufacturing, transport, petrochemicals, pharmaceuticals, and others. It sells products via independent sales reps, distributors and original equipment manufacturer, direct sales as well as its website. The original name of the company was Tofle America, Inc., but it changed its name in 1996 to Omega Flex, Inc. Omega Flex, Inc. was founded in 1975. It is located in Exton, Pennsylvania.
Earnings per Share
Omega Flex's trailing 12 month EPS is $2.49.
PE Ratio
Omega Flex's trailing 12 months earnings to price ratio is 37.09. The purchaser of the shares is therefore investing $37.09 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 40.44%.Revenue Growth
Year-on-year quarterly revenue growth declined by 0.3%, now sitting on 130.13M for the twelve trailing months.