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ALX Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel, copper, and cobalt minerals totaling approximately 23,624 hectares at its Firebird Nickel Project located in the northern Athabasca region of Saskatchewan. It also holds interest in the Sceptre Gold Project that consists of 12 claims covering an area of 6,226 hectares located in east-central Saskatchewan; and the Hummingbird Gold Project, which includes 12 claims covering an area of 14,097.87 hectares located to the northwest of the town of Stony Rapids, Saskatchewan. Further, it holds 100% interest in the Gibbons Creek Uranium project consists of 7 mineral claims covering 13,864 hectares located on the north edge of the Athabasca Basin, Saskatchewan; the Flying Vee Nickel/Gold project comprises 14 claims totaling 27,622 hectares situated on the north of the Athabasca Basin; Alligator Lake Gold project, which includes 5 claims totaling 2,973.32 hectares located on the northeast of La Ronge, Saskatchewan; Vixen Gold project that consists of 499 mineral claims covering 10,069 hectares situated at the east of Red Lake, Ontario; Cannon copper project covering 117 cell units totaling 2,600 hectares; Draco VMS project comprises 10 claims totaling approximately 5,959 hectares; and Sabre Uranium project comprises 16 mineral claims covering 16,041 hectares situated in Athabasca basin, Saskatchewan. Additionally, the company holds interests in the Javelin Uranium project, consisting of 9 mineral claims totaling 23,652 hectares located in northern Saskatchewan; and the McKenzie Lake Uranium project, comprising 4 mineral claims totaling 6,916 hectares situated in northern Saskatchewan, Canada. The company was formerly known as ALX Uranium Corp. and changed its name to ALX Resources Corp. in January 2020. ALX Resources Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

ALX Resources Dividend Announcement

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

ALX Resources Dividend History

ALX Resources Dividend Yield

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

ALX Resources Financial Ratios

P/E ratio-6.63
PEG ratio0.02
P/B ratio0.58
ROE-8.60%
Payout ratio0.00%
Current ratio5.05
Quick ratio5.05
Cash Ratio1.07

ALX Resources Dividend FAQ

Does ALX Resources stock pay dividends?
ALX Resources does not currently pay dividends to its shareholders.
Has ALX Resources ever paid a dividend?
No, ALX Resources has no a history of paying dividends to its shareholders. ALX Resources is not known for its dividend payments.
Why doesn't ALX Resources pay dividends?
There are several potential reasons why ALX Resources 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 ALX Resources 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 ALX Resources 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 ALX Resources a dividend aristocrat?
ALX Resources 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 ALX Resources a dividend king?
ALX Resources 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 ALX Resources a dividend stock?
No, ALX Resources 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 ALX Resources stocks?
To buy ALX Resources 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 ALX Resources 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.