(VIANEWS) - The York Water Company (YORW), Cullen/Frost Bankers (CFR), Gentex Corporation (GNTX) are the highest payout ratio stocks on this list.
Here's the data we've collected of stocks with a high payout ratio at the moment. The payout ratio in itself isn't a promise 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. The York Water Company (YORW)
57.32% Payout Ratio
The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection systems; five wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns nine groundwater wells that supply water to customers in the Adams County. It serves customers in the fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, air conditioning systems, laundry detergents, barbells, and motorcycle industries in 51 municipalities within three counties in south-central Pennsylvania. The York Water Company was incorporated in 1816 and is based in York, Pennsylvania.
Earnings per Share
The York Water Company's trailing twelve-month EPS is $1.36.
PE Ratio
York Water Company's trailing 12-month price-to-earnings ratio is 33.27. The purchaser of the shares is therefore investing $33.27 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 10.45%.Sales Growth
The York Water Company's sales growth is 1.9% for the present quarter and 5.3% for the next.
Volume
Today's last reported volume for The York Water Company is 101723 which is 71.36% above its average volume of 59360.
2. Cullen/Frost Bankers (CFR)
46.15% Payout Ratio
Cullen/Frost Bankers, Inc. is the bank holding company of Frost Bank, which offers both commercial and personal banking services throughout Texas. The bank operates two divisions: Banking and Frost Wealth Advisors. It provides commercial banking services for corporations and business clients. This includes financing of industrial and commercial property, temporary construction, acquisitions and equipment. The company also offers consumer banking services such as checking, savings, ATMs, overdraft facilities and installment loans. It can also provide home equity loans and line of credit. The company also offers foreign banking services, including deposits, loans and letters of credit. It can also provide foreign currency services, such as foreign collections, money, foreign funds, or foreign collection services. It also acts as a correspondent to approximately 176 financial institution; it offers trust, investment agency, and custodial service for individuals and corporations; capital market services include trading, new underwriting, market trading, advisory and safekeeping and clearing; and support international business activities. The company also offers securities brokerage and insurance services. It holds securities for investment and lends to qualified borrowers. There are approximately 155 banks and 1200 ATMs. It serves the energy, manufacturing and services industries. Cullen/Frost Bankers, Inc. is located in San Antonio, Texas.
Earnings per Share
Cullen/Frost Bankers' trailing 12-month EPS is $6.14.
PE Ratio
Cullen/Frost Bankers' trailing 12-month price-to-earnings ratio is 21.44. The purchaser of the shares is therefore investing $21.44 per dollar in annual earnings.
Revenue Growth
Year-on-year quarterly revenue growth grew by 34.2%, now sitting on 1.54B for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Nov 28, 2022, the estimated forward annual dividend rate is 3.48 and the estimated forward annual dividend yield is 2.35%.
3. Gentex Corporation (GNTX)
35.82% Payout Ratio
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. The company sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan.
Earnings Per Share
As for profitability, Gentex Corporation has a trailing twelve months EPS of $1.34.
PE Ratio
Gentex Corporation has a trailing twelve months price to earnings ratio of 20.35. Meaning, the purchaser of the share is investing $20.35 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 16.16%.Sales Growth
Gentex Corporation saw a 19.9% increase in sales for its current quarter, and 11.7% the following.
4. Graco (GGG)
31.3% Payout Ratio
Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes, and dispenses sealant, adhesive, and composite materials; and gel coat equipment, chop and wet-out systems, resin transfer molding systems, and applicators. It also provides liquid finishing equipment; paint circulating and supply pumps; paint circulating advanced control systems; plural component coating proportioners; spare parts and accessories; and powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The company's Process segment offers pumps to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. The company's Contractor segment offers sprayers to apply paint to walls and other structures; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. It primarily sells its products through distributors, original equipment manufacturers, and home center channels; and directly to end-users. The company was founded in 1926 and is headquartered in Minneapolis, Minnesota.
Earnings Per Share
As for profitability, Graco has a trailing twelve months EPS of $2.11.
PE Ratio
Graco has a trailing twelve months price to earnings ratio of 31.63. Meaning, the purchaser of the share is investing $31.63 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 27.12%.