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DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

DraftKings Dividend Announcement

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

DraftKings Dividend History

DraftKings Dividend Yield

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

DraftKings Financial Ratios

P/E ratio-48.35
PEG ratio-0.48
P/B ratio18.74
ROE-41.23%
Payout ratio0.00%
Current ratio1.00
Quick ratio1.00
Cash Ratio0.53

DraftKings Dividend FAQ

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