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Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.

Canaan Dividend Announcement

• Canaan announced a annually dividend of $0.38 per ordinary share which will be made payable on 2021-12-02. Ex dividend date: 2021-11-15
• Canaan's trailing twelve-month (TTM) dividend yield is -%

Canaan Dividend History

Ex-Div dateDividend amountDividend typePay date
2021-11-15$0.38annually2021-12-02

Canaan Dividend per year

Canaan Dividend Yield

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

Canaan Financial Ratios

P/E ratio-0.69
PEG ratio0.03
P/B ratio0.70
ROE-102.60%
Payout ratio0.00%
Current ratio2.88
Quick ratio1.75
Cash Ratio0.57

Canaan Dividend FAQ

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