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Edesa Biotech, Inc., a biopharmaceutical company, engages in acquiring, developing, and commercializing clinical-stage drugs for inflammatory and immune-related diseases with clear unmet medical needs. Its lead product candidates are EB05, a monoclonal antibody, which is in Phase 3 clinical study for the treatment of acute respiratory distress syndrome in covid-19 patients; and EB01, a topical treatment that is in Phase 2B clinical study for chronic allergic contact dermatitis. It has a license agreement with NovImmune SA to develop monoclonal antibodies targeting TLR4 and CXCL10. Edesa Biotech, Inc. was founded in 2015 and is headquartered in Markham, Canada.

Edesa Biotech Dividend Announcement

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

Edesa Biotech Dividend History

Edesa Biotech Dividend Yield

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

Edesa Biotech Financial Ratios

P/E ratio-0.83
PEG ratio-0.02
P/B ratio2.00
ROE-137.98%
Payout ratio0.00%
Current ratio1.29
Quick ratio1.29
Cash Ratio0.86

Edesa Biotech Dividend FAQ

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