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Auxly Cannabis Group Inc. operates as a consumer-packaged goods company in the cannabis products market in Canada. The company focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. It offers cannabis products under various forms, including vape catridges, dried flower, concentrates, chocolates, soft chews, oil drops, capsules, topicals, and hard candy under the brands KOLAB PROJECT, Dosecann, BACK FORTY, and Foray. The company was formerly known as Cannabis Wheaton Income Corp. and changed its name to Auxly Cannabis Group Inc. in June 2018. Auxly Cannabis Group Inc. was incorporated in 1987 and is based in Toronto, Canada.

Auxly Cannabis Dividend Announcement

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

Auxly Cannabis Dividend History

Auxly Cannabis Dividend Yield

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

Auxly Cannabis Financial Ratios

P/E ratio-1.12
PEG ratio-0.01
P/B ratio0.48
ROE-49.69%
Payout ratio0.00%
Current ratio0.80
Quick ratio0.42
Cash Ratio0.17

Auxly Cannabis Dividend FAQ

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