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Damara Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. It acquires a 75% interest in the Placer Mountain property that includes 22 mineral claims covering an area of approximately 8,955 hectares located to the south of Princeton, British Columbia. The company was formerly known as Solomon Resources Limited and changed its name to Damara Gold Corp. in September 2014. Damara Gold Corp. was incorporated in 1989 and is headquartered in Kelowna, Canada.

Damara Gold Dividend Announcement

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

Damara Gold Dividend History

Damara Gold Dividend Yield

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

Damara Gold Financial Ratios

P/E ratio-26.21
PEG ratio-18.02
P/B ratio1.72
ROE-6.43%
Payout ratio0.00%
Current ratio0.11
Quick ratio0.11
Cash Ratio0.09

Damara Gold Dividend FAQ

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