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Ascendant Resources Inc., a mining company, explores for and develops mineral properties. The company explores for zinc, copper, lead, tin, silver, gold, and other metals. It holds 50% interest in the Lagoa Salgada volcanogenic massive sulphide project, which covers an area of 10,700 hectares located on the Iberian Pyrite Belt in Portugal. The company was formerly known as Morumbi Resources Inc. and changed its name to Ascendant Resources Inc. in December 2016. Ascendant Resources Inc. was incorporated in 2006 and is headquartered in Toronto, Canada.

Ascendant Resources Dividend Announcement

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

Ascendant Resources Dividend History

Ascendant Resources Dividend Yield

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

Ascendant Resources Financial Ratios

P/E ratio-1.05
PEG ratio-0.01
P/B ratio-0.29
ROE41.98%
Payout ratio0.00%
Current ratio0.05
Quick ratio0.05
Cash Ratio0.01

Ascendant Resources Dividend FAQ

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