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ELECTRA POWER (2019) LTD engages in the purchase, marketing, and sale of liquefied petroleum gas (LPG), and natural gas and electricity in Israel. The company is involved in the marketing, sale, and distribution of LPG and LPG products; and marketing and sale of natural gas, electricity, and thermal energy. It serves the residential, agricultural, commercial, and industrial sectors. ELECTRA POWER (2019) LTD was founded in 1953 and is based in Netanya, Israel. ELECTRA POWER (2019) LTD is a subsidiary of Elco Ltd.

ELECTRA POWER Dividend Announcement

• ELECTRA POWER announced a semi annually dividend of ₪55.89 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-09-03
• ELECTRA POWER annual dividend for 2024 was ₪55.89
• ELECTRA POWER's trailing twelve-month (TTM) dividend yield is 2.73%
• ELECTRA POWER's payout ratio for the trailing twelve months (TTM) is -1508.30%

ELECTRA POWER Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-03₪55.89semi annually2024-09-10
2021-09-05₪93.75semi annually2021-09-19
2021-03-15₪93.75semi annually2021-04-04
2020-08-30₪160.94semi annually2020-09-07

ELECTRA POWER Dividend per year

ELECTRA POWER Dividend Yield

ELECTRA POWER current trailing twelve-month (TTM) dividend yield is 2.73%. Interested in purchasing ELECTRA POWER stock? Use our calculator to estimate your expected dividend yield:

ELECTRA POWER Financial Ratios

P/E ratio-552.95
PEG ratio1687.69
P/B ratio0.45
ROE-0.08%
Payout ratio-1508.30%
Current ratio0.81
Quick ratio0.71
Cash Ratio0.04

ELECTRA POWER Dividend FAQ

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