(VIANEWS) – OKEANIS ECO TANKER (OET.OL), GOLDEN OCEAN GROUP (GOGL.OL), ITERA (ITERA.OL) are the highest payout ratio stocks on this list.
We have gathered information about stocks with the highest payout ratio at the moment. 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. OKEANIS ECO TANKER (OET.OL)
103.56% Payout Ratio
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.
Earnings Per Share
As for profitability, OKEANIS ECO TANKER has a trailing twelve months EPS of kr40.57.
PE Ratio
OKEANIS ECO TANKER has a trailing twelve months price to earnings ratio of 8.21. Meaning, the purchaser of the share is investing kr8.21 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 31.37%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jun 4, 2024, the estimated forward annual dividend rate is 37.2 and the estimated forward annual dividend yield is 11.52%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 740% and 1787.3%, respectively.
More news about OKEANIS ECO TANKER.
2. GOLDEN OCEAN GROUP (GOGL.OL)
64.52% Payout Ratio
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers. As of March 20, 2024, the company owned a fleet of 83 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, GOLDEN OCEAN GROUP has a trailing twelve months EPS of kr9.98.
PE Ratio
GOLDEN OCEAN GROUP has a trailing twelve months price to earnings ratio of 12.96. Meaning, the purchaser of the share is investing kr12.96 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.83%.
Yearly Top and Bottom Value
GOLDEN OCEAN GROUP’s stock is valued at kr129.30 at 17:10 EST, way under its 52-week high of kr167.00 and way above its 52-week low of kr73.72.
More news about GOLDEN OCEAN GROUP.
3. ITERA (ITERA.OL)
52.63% Payout Ratio
Itera ASA, together with its subsidiaries, develops and operates digital solutions for businesses and organizations in Norway, Sweden, Ukraine, Denmark, Czech Republic, Iceland, Poland, and Slovakia. It offers data, artificial intelligence and analytics, development and architecture, test and quality assurance solutions, as well as cloud and application services. The company provides a range of services in the strategy and consulting, customer experience, and technology and cloud transformation areas. It serves banking and insurance, energy and utilities, industry and manufacturing, health and public services, technology and communication, and products and retail industries. The company was founded in 1989 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, ITERA has a trailing twelve months EPS of kr0.57.
PE Ratio
ITERA has a trailing twelve months price to earnings ratio of 19.74. Meaning, the purchaser of the share is investing kr19.74 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 63.44%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on May 23, 2024, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 3.54%.
More news about ITERA.
4. CAIRN HOMES PLC (C5H.IR)
49.21% Payout Ratio
Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.
Earnings Per Share
As for profitability, CAIRN HOMES PLC has a trailing twelve months EPS of €0.13.
PE Ratio
CAIRN HOMES PLC has a trailing twelve months price to earnings ratio of 14.35. Meaning, the purchaser of the share is investing €14.35 for every euro of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 11.32%.
More news about CAIRN HOMES PLC.
1. 1 (1)
1% Payout Ratio
1
Earnings Per Share
As for profitability, 1 has a trailing twelve months EPS of €1.
PE Ratio
1 has a trailing twelve months price to earnings ratio of 1. Meaning, the purchaser of the share is investing €1 for every euro of annual earnings.
Return on Equity
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%.
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