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Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru. The company primarily explores for copper, molybdenum, gold, silver, lead, zinc, and other deposits. Its flagship property is the Flor de Cobre project comprising seven mining concessions and two concession applications covering an area of approximately 1,927 hectares located in the Southern Peru. The company also holds 100% interests in the Elida project that includes 28 mining concessions covering an area of approximately 19,210 hectares located in the province of Ocros; the Pahuay Copper Skarn project covering an area of approximately 700 hectares located to the south of Lima; and Muñaorjo copper project covering an area of 1,000 hectares located in Peru. Element 29 Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Element 29 Resources Dividend Announcement

• Element 29 Resources does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Element 29 Resources dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Element 29 Resources Dividend History

Element 29 Resources Dividend Yield

Element 29 Resources current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Element 29 Resources stock? Use our calculator to estimate your expected dividend yield:

Element 29 Resources Financial Ratios

P/E ratio-7.42
PEG ratio0.10
P/B ratio4.96
ROE-46.92%
Payout ratio0.00%
Current ratio2.59
Quick ratio2.59
Cash Ratio0.90

Element 29 Resources Dividend FAQ

Does Element 29 Resources stock pay dividends?
Element 29 Resources does not currently pay dividends to its shareholders.
Has Element 29 Resources ever paid a dividend?
No, Element 29 Resources has no a history of paying dividends to its shareholders. Element 29 Resources is not known for its dividend payments.
Why doesn't Element 29 Resources pay dividends?
There are several potential reasons why Element 29 Resources 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 Element 29 Resources 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 Element 29 Resources 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 Element 29 Resources a dividend aristocrat?
Element 29 Resources 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 Element 29 Resources a dividend king?
Element 29 Resources 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 Element 29 Resources a dividend stock?
No, Element 29 Resources 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 Element 29 Resources stocks?
To buy Element 29 Resources 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 Element 29 Resources 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.