5 High Earnings Yield Picks That Command Your Attention Zacks.com 3/5/2021
Investors often use P/E ratio and other valuation metrics to pick undervalued stocks with solid upside potential. However, one can also use another interesting ratio. Earnings yield, expressed in percentage, is calculated as (Annual Earnings per Share/Market Price) x 100. While comparing stocks, if other factors are similar, investors can look out for stocks with higher earnings yield. This is because stocks with higher earnings yield have the potential of providing comparatively greater returns.
Just like the case with dividend yield, firms with higher earnings yield are considered underpriced, while those with lower earnings yield are seen as overpriced. Notably, earnings yield captures both the tangible and intangible yield of the firm, as opposed to dividend yield, which only takes into account the tangible yield.
JOHANNESBURG – The bodies of three workers were found overnight at ArcelorMittal South Africa's Vanderbijlpark Works, after the collapse of a coke battery
The bodies of three workers were found overnight at ArcelorMittal South Africa s Vanderbijlpark Works, after the collapse of a coke battery stack at the steel plant the previous morning, the company said on Thursday. Africa s biggest steel producer, majority owned by Luxembourg-based ArcelorMittal SA, said a portion of the stack fell on to a control room where the three were working. The company has launched an investigation into the cause of the incident. All relevant authorities have been notified and have been on site, ArcelorMittal South Africa said in a statement. The National Union of Metalworkers of South Africa (NUMSA) said in a statement it would ask the labour department to investigate the incident and whether ArcelorMittal acted fast enough to find the workers.
By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - The bodies of three workers were found overnight at ArcelorMittal South Africa’s Vanderbijlpark Works, after the collapse of a coke battery stack at the steel plant the previous morning, the company said on Thursday.
Africa’s biggest steel producer, majority owned by Luxembourg-based ArcelorMittal SA, said a portion of the stack fell on to a control room where the three were working.
“The company has launched an investigation into the cause of the incident. All relevant authorities have been notified and have been on site,” ArcelorMittal South Africa said in a statement.
Rescue efforts are under way at ArcelorMittal South Africa's Vanderbijlpark Works to find three employees missing after an accident, the steelmaker said on Wednesday.