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Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.

Backblaze Dividend Announcement

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

Backblaze Dividend History

Backblaze Dividend Yield

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

Backblaze Financial Ratios

P/E ratio-6.74
PEG ratio0.29
P/B ratio7.16
ROE-100.96%
Payout ratio0.00%
Current ratio0.54
Quick ratio0.54
Cash Ratio0.05

Backblaze Dividend FAQ

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