Nobility Homes said on March 3, 2023 that its board of directors declared a regular
annual dividend of $1.00 per share.
Previously, the company paid $1.00 per share.
Shares must be purchased before the ex-div date of March 17, 2023 to qualify for the dividend.
Shareholders of record as of March 20, 2023
will receive the payment on April 3, 2023.
At the current share price of $25.00 / share,
the stock’s dividend yield is 4.00%.
Looking back five years and taking a sample every week, the average dividend yield has been
4.07%,
the lowest has been 2.76%,
and the highest has been 5.24%.
The standard deviation of yields is 0.60 (n=188).
The current dividend yield is
0.11 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.47.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 18 funds or institutions reporting positions in Nobility Homes.
This is unchanged over the last quarter.
Average portfolio weight of all funds dedicated to NOBH is 0.19%,
a decrease
of 2.69%.
Total shares owned by institutions increased
in the last three months by 1.60% to 452K shares.
What are Large Shareholders Doing?
EQ ADVISORS TRUST – 1290 VT GAMCO Small Company Value Portfolio Class IA
holds 174K shares
representing 5.16% ownership of the company.
In it’s prior filing, the firm reported owning 170K shares, representing
an increase
of 2.30%.
The firm
decreased
its portfolio allocation in NOBH by 10.01% over the last quarter.
WMMAX – Teton Westwood Mighty Mites Fund
holds 106K shares
representing 3.15% ownership of the company.
No change in the last quarter.
GCASX – The Gabelli Small Cap Growth Fund
holds 71K shares
representing 2.11% ownership of the company.
No change in the last quarter.
Gabelli Equity Trust
holds 40K shares
representing 1.17% ownership of the company.
In it’s prior filing, the firm reported owning 36K shares, representing
an increase
of 7.85%.
The firm
decreased
its portfolio allocation in NOBH by 2.43% over the last quarter.
EQ ADVISORS TRUST – 1290 VT GAMCO Mergers & Acquisitions Portfolio Class IA
holds 16K shares
representing 0.47% ownership of the company.
No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
