(VIANEWS) – GJENSIDIGE FORSIKR (GJF.OL), MELHUS SPAREBANK (MELG.OL), SPBK1 RINGERIKE (RING.OL) are the highest payout ratio stocks on this list.
We have gathered information about stocks with the highest payout ratio as yet. The payout ratio in itself isn’t a guarantee 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. GJENSIDIGE FORSIKR (GJF.OL)
85.18% Payout Ratio
Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. It offers motor, accident and health, travel, leisure craft, valuables, liability, commercial, marine/transport, agriculture, natural perils, life, and pet insurance products. The company also provides defined contribution occupational pension schemes for businesses, which include disability pension, spouse/cohabitant pension, and child's pension products. It distributes its products through various distribution channels comprising office channel, call center, Internet, partners, and brokers to private and commercial customers. The company was founded in 1816 and is headquartered in Oslo, Norway.
Earnings Per Share
As for profitability, GJENSIDIGE FORSIKR has a trailing twelve months EPS of kr9.03.
PE Ratio
GJENSIDIGE FORSIKR has a trailing twelve months price to earnings ratio of 19.73. Meaning, the purchaser of the share is investing kr19.73 for every norwegian krone 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 17.89%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter is a negative 5.3% and positive 95.1% for the next.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 24, 2023, the estimated forward annual dividend rate is 8.25 and the estimated forward annual dividend yield is 4.53%.
More news about GJENSIDIGE FORSIKR.
2. MELHUS SPAREBANK (MELG.OL)
82.55% Payout Ratio
Melhus Sparebank, a savings bank, provides various banking products and services to companies, agriculture customers, and private individuals in Norway. The company offers savings accounts; construction and business loans; bank guarantee, overdraft, and leasing services; and credit and bank cards. It also provides various insurance products for liability, health, personnel, occupational injury, travel, accident, business, store, data attack, property damage, craftsman, homeowners, office, vehicle, and farms; savings and pension products; payment services; and online and mobile banking services. The company operates through branch offices in central Trondheim, Heimdal, Ler, and Korsvegen. Melhus Sparebank was founded in 1840 and is headquartered in Melhus, Norway.
Earnings Per Share
As for profitability, MELHUS SPAREBANK has a trailing twelve months EPS of kr12.72.
PE Ratio
MELHUS SPAREBANK has a trailing twelve months price to earnings ratio of 12.74. Meaning, the purchaser of the share is investing kr12.74 for every norwegian krone 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 8.04%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 6.4%, now sitting on 245.79M for the twelve trailing months.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 17, 2023, the estimated forward annual dividend rate is 11 and the estimated forward annual dividend yield is 6.83%.
More news about MELHUS SPAREBANK.
3. SPBK1 RINGERIKE (RING.OL)
63.98% Payout Ratio
SpareBank 1 Ringerike Hadeland provides various banking products and services to private and corporate customers in Norway. The company offers saving, current, deposit, and currency accounts; vehicle, house and travel, and animal insurance products, as well as life, child, disability, critical illness, accident, health, and business and personal insurance products; mobile and online banking services; and debit and credit cards. It also provides mortgages; car, boat, and other vehicles; consumer and other loans; and bank guarantees, corporate and construction loans, liquidity loans with a government guarantee, and operating credit for agriculture, as well as factoring, leasing, and overdraft services. In addition, the company offers services for buying and selling property; accounting services; pension products; and savings and investment products. The company was founded in 1833 and is based in Hønefoss, Norway.
Earnings Per Share
As for profitability, SPBK1 RINGERIKE has a trailing twelve months EPS of kr25.33.
PE Ratio
SPBK1 RINGERIKE has a trailing twelve months price to earnings ratio of 13.26. Meaning, the purchaser of the share is investing kr13.26 for every norwegian krone 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 9.9%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 29.2% and 33%, respectively.
Moving Average
SPBK1 RINGERIKE’s value is higher than its 50-day moving average of kr331.16 and above its 200-day moving average of kr324.49.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.9%, now sitting on 931.3M for the twelve trailing months.
More news about SPBK1 RINGERIKE.
4. GLANBIA PLC (GL9.IR)
42.45% Payout Ratio
Glanbia plc operates as a nutrition company worldwide. The company manufactures and sells sports nutrition and lifestyle nutrition products in various formats, including powders, ready-to-eat bars and snacking foods, and ready-to-drink beverages through various channels, such as specialty retail, online, and gyms, as well the food, drug, mass, and club channels. It also engages in the manufacture and sale of cheese, dairy, and non-dairy nutritional and functional ingredients; and vitamin and mineral premixes. In addition, the company engages in the financing, research and development, property and land dealing, receivables management, management, property leasing, business service, weight management, and bioactive solutions businesses. It operates a portfolio of brands, including Optimum Nutrition, BSN, Isopure, Nutramino, SlimFast, think!, Amazing Grass, Body & Fit, and LevlUp brands. Glanbia plc was founded in 1964 and is headquartered in Kilkenny, Ireland.
Earnings Per Share
As for profitability, GLANBIA PLC has a trailing twelve months EPS of €0.72.
PE Ratio
GLANBIA PLC has a trailing twelve months price to earnings ratio of 18.94. Meaning, the purchaser of the share is investing €18.94 for every euro 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 11.06%.
Yearly Top and Bottom Value
GLANBIA PLC’s stock is valued at €13.64 at 07:10 EST, below its 52-week high of €13.67 and way higher than its 52-week low of €9.70.
Revenue Growth
Year-on-year quarterly revenue growth grew by 30.6%, now sitting on 5.64B for the twelve trailing months.
Moving Average
GLANBIA PLC’s worth is way above its 50-day moving average of €12.03 and way above its 200-day moving average of €11.69.
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5. FLOW TRADERS (FLOW.AS)
38.04% Payout Ratio
Flow Traders Ltd. operates as a financial technology-enabled multi-asset class liquidity provider in Europe, the Americas, and Asia. The company provides liquidity support that allows investors to continue to buy or sell exchange traded products or other financial instruments. It offers liquidity through on screen, which is conducted on stock exchanges; and off exchange through request for quote platforms. The company was founded in 2004 and is headquartered in Amsterdam, the Netherlands.
Earnings Per Share
As for profitability, FLOW TRADERS has a trailing twelve months EPS of €2.76.
PE Ratio
FLOW TRADERS has a trailing twelve months price to earnings ratio of 9.49. Meaning, the purchaser of the share is investing €9.49 for every euro 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 22.76%.
Moving Average
FLOW TRADERS’s worth is way above its 50-day moving average of €23.29 and way higher than its 200-day moving average of €22.37.
Volume
Today’s last reported volume for FLOW TRADERS is 40097 which is 71.05% below its average volume of 138550.
Sales Growth
FLOW TRADERS’s sales growth is negative 26.8% for the present quarter and 17.5% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 40%, now sitting on 677.2M for the twelve trailing months.
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