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Althea Group Holdings Limited manufactures, distributes, and sells cannabis-based medicines and recreational cannabis products in Australia, the United Kingdom, Germany, Canada, and internationally. It also offers a range of education, access, and management services to support eligible patients and healthcare professionals in navigating medicinal cannabis treatment pathways. In addition, the company provides formulation and manufacturing of recreational cannabis products, such as beverages, edibles, concentrates, and topicals; and owns and operates a private medical cannabis clinic network under the MyAccess Clinics name. Althea Group Holdings Limited was founded in 2016 and is based in Melbourne, Australia.

Althea Dividend Announcement

• Althea does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Althea dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Althea Dividend Yield

Althea current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Althea stock? Use our calculator to estimate your expected dividend yield:

Althea Financial Ratios

P/E ratio-0.50
PEG ratio-0.01
P/B ratio51.51
ROE-414.04%
Payout ratio0.00%
Current ratio0.64
Quick ratio0.41
Cash Ratio0.02

Althea Dividend FAQ

Does Althea stock pay dividends?
Althea does not currently pay dividends to its shareholders.
Has Althea ever paid a dividend?
No, Althea has no a history of paying dividends to its shareholders. Althea is not known for its dividend payments.
Why doesn't Althea pay dividends?
There are several potential reasons why Althea would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Althea ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Althea has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Althea a dividend aristocrat?
Althea is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Althea a dividend king?
Althea is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Althea a dividend stock?
No, Althea is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Althea stocks?
To buy Althea you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Althea stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.