(VIANEWS) - First Trust Specialty Finance and Financial Opportunities Fund (FGB), Steelcase (SCS), NextEra Energy (NEE) 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 promise 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. First Trust Specialty Finance and Financial Opportunities Fund (FGB)
471.43% Payout Ratio
First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors. The fund primarily invests in value stocks of companies, as well as in Business Development Companies, REITs, and other mortgage related securities. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Wells Fargo BDC Index, 20% FTSE NAREIT Mortgage REIT Index, and 10% S&P SmallCap Financials Index. It was formerly known as First Trust/Gallatin Specialty Finance and Financial Opportunities Fund. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States.
Earnings per Share
First Trust Specialty Finance Fund and Financial Opportunities Fund have a trailing 12 month EPS of $0.07.
PE Ratio
First Trust Specialty Finance and Financial Opportunities Fund's trailing 12-month price-to-earnings ratio is 43.57. The purchaser of the shares is therefore investing $43.57 per dollar in annual earnings.
2. Steelcase (SCS)
356.67% Payout Ratio
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, and Designtex brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
Earnings Per Share
As for profitability, Steelcase has a trailing twelve months EPS of $0.15.
PE Ratio
Steelcase has a trailing twelve months price to earnings ratio of 46.67. Meaning, the purchaser of the share is investing $46.67 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 2.09%.Growth Estimates Quarters
The company's growth estimates for the current quarter and the next is 650% and 100%, respectively.Revenue growth
The year-on-year revenue growth was 12%. We now have 3.18 billion in the 12 trailing months.
Yearly Top and Bottom Value
Steelcase's stock is valued at $7.00 at 07:23 EST, way under its 52-week high of $12.93 and way above its 52-week low of $6.20.
3. NextEra Energy (NEE)
124.62% Payout Ratio
NextEra Energy, Inc., via its subsidiaries, produces, transmits, distributes, sells, and markets electric power to wholesale and retail customers across North America. It generates electricity using natural gas, wind, solar and nuclear power plants. The company also constructs, operates, and develops long-term contracts that include clean energy solutions such as solar, wind, nuclear, coal, and battery storage. It sells energy commodities and develops electric generators in the wholesale energy market. The company's net generation capacity was approximately 28.564 megawatts, with approximately 77,000 miles of transmission- and distribution lines. It also had 696 substations. The company serves around 11 million customers through approximately 5.7million customer accounts on the east and west coasts. In 2010, NextEra Energy, Inc. was established. The previous name of the company was FPL Group, Inc. It was established in 1925. The headquarters are located in Juno Beach in Florida.
Earnings per Share
NextEra Energy's trailing 12 months EPS is $2.11.
PE Ratio
NextEra Energy's trailing 12-month price-earnings ratio is 39.66. The purchaser of the shares is therefore investing $39.66 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is an indicator of the business' profitability relative to shareholders' equity, was 3.74%.Growth Estimates Quarters
The company's growth estimates for the current quarter and the next is 6.7% and 31.7%, respectively.Revenue Growth
Year-on-year quarterly revenue growth grew by 32%, now sitting on 17.49B for the twelve trailing months.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Nov 22, 2022, the estimated forward annual dividend rate is 1.7 and the estimated forward annual dividend yield is 2.25%.
4. Energizer Holdings (ENR)
40.27% Payout Ratio
Energizer Holdings, Inc., along with its affiliates, produces, markets, distributes, and sells specialty and household batteries and other lighting products around the world. The company offers primary, rechargeable and specialty batteries, hearing aids, and lithium. It also offers headlights, area, child, and lanterns under the Energizer and Eveready brands. It also licenses Eveready and Energizer brands to other companies that develop consumer solutions for gaming, mobile power, critical device charging, lighting, and LED lights. The company also designs and sells automotive perfume and appearance products, including those under Nu Finish, Scratch Doctor and Refresh Your Car! brands. The company sells products directly through its sales force and third-party distributors. It also markets through various retail channels and business-tobusiness channels including warehouse clubs and mass merchandisers, grocery stores, food shops, drug and convenience store, electronic specialty and departmental stores, hardware, military and other stores. Energizer Holdings, Inc., is headquartered at St. Louis, Missouri.
Earnings Per Share
As for profitability, Energizer Holdings has a trailing twelve months EPS of $-1.29.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 51.08%.Volume
The last volume reported by Energizer Holdings was 339002, which is 42.23% lower than its average volume (586912).
Sales Growth
Energizer Holdings's sales growth for the current quarter is 1.2%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.9%, now sitting on 3.03B for the twelve trailing months.
5. RPM International (RPM)
39.41% Payout Ratio
RPM International Inc. produces and sells specialty chemicals worldwide. RPM International Inc. manufactures and sells specialty chemicals for the industrial, special, and consumer markets. You can also find polymer flooring, fiberglass reinforced plastic shapes, corrosion-control coatings, containment liner, soundproofing and insulation products. In addition, it offers fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, and carpet cleaning and disinfecting products; fuel additives; wood treatments, furniture finishes, and touch-up products; and nail enamels, polishes, and coating components. It also offers products that are suitable for DIYers and contractors, such as deck and fence restoration products and metallic and faux finishes coatings. Exterior wood deck and concrete restoration system, flooring finishes and hobby paints. It was established in 1947 in Medina Ohio.
Earnings per Share
RPM International's trailing 12 months profit per share is $4.06.
PE Ratio
RPM International's trailing 12 months earnings to price ratio is 24.14. The purchaser of the shares is therefore investing $24.14 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 27.82%.Annual Top and Bottom Value
RPM International stock was valued at $97.99 as of 07:23 EST. This is below the 52-week high at $106.50, and much higher than its 52 week low at $74.56.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Oct 13, 2022, the estimated forward annual dividend rate is 1.68 and the estimated forward annual dividend yield is 1.71%.
6. Waste Connections (WCN)
35.66% Payout Ratio
Waste Connections, Inc. offers non-hazardous refuse collection, transfer, disposal, resource recovery and recycling services throughout the United States. The company offers residential, commercial and industrial collection, as well as landfill disposal and recycling services. It also operates transfer stations to receive and/or load compact waste. These wastes are transported by truck, rail or barge to treatment or landfill facilities. Intermodal services provide rail transport of solid and cargo containers throughout the Pacific Northwest via a network intermodal facilities. It also provides E&P Waste Treatment, Recovery, and Disposal Services for oil and natural gas exploration, production, and wastes. This includes drilling fluids, flowback water, production fluids, and flowback waters; well-operating wastes; and production and waste water. The company has a network of intermodal facilities that provide rail haul services to move cargo and solid waste containers in the Pacific Northwest. The company also offers leasing services. It owned 334 solid-waste collection facilities, 142 transfer stations, 61 municipal solid (MSW), landfills, 12 E&P landfills and 14 non-MSW disposal sites; 71 recycling operations; four intermodal operations; 23 E&P liquid well injection wells; 19 E&P oil and waste treatment plants. It also owns 53 transfer stations and 10 MSW landfills. There are 2 intermodal operations. Waste Connections, Inc., was established in 1997. It is located in Woodbridge, Canada.
Earnings Per Share
As for profitability, Waste Connections has a trailing twelve months EPS of $0.84.
PE Ratio
Waste Connections has a trailing twelve months price to earnings ratio of 157.13. Meaning, the purchaser of the share is investing $157.13 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 9.32%.Sales Growth
Waste Connections saw a 21.4% increase in sales for its current quarter, and an additional 14.9% the following.
Volume
The current Waste Connections volume is 432088, which is just 59.99% lower than its average of 1078870.