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CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada. The company operates a network of pharmacy fulfilment centers that provide chronic medication and other specialty clinical pharmacy services. It serves approximately 50,000 residents in approximately 900 seniors and other communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. The company was formerly known as Centric Health Corporation and changed its name to CareRx Corporation in June 2020. CareRx Corporation was incorporated in 2001 and is headquartered in Toronto, Canada.

CareRx Dividend Announcement

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

CareRx Dividend History

CareRx Dividend Yield

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

CareRx Financial Ratios

P/E ratio-18.32
PEG ratio-0.13
P/B ratio1.36
ROE-7.37%
Payout ratio0.00%
Current ratio0.94
Quick ratio0.65
Cash Ratio0.14

CareRx Dividend FAQ

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