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Elixir Energy Limited operates as a natural gas and hydrogen exploration and development company in Australia, Mongolia, and the United States. The company holds 100% interest in the Nomgon project, a coal-bed methane production sharing contract covering an area of approximately 30,000 square kilometers located to the north of the Mongolian/Chinese border. It also engages in the clean energy business. The company was formerly known as Elixir Petroleum Limited and changed its name to Elixir Energy Limited in May 2019. Elixir Energy Limited was incorporated in 2004 and is headquartered in Adelaide, Australia.

Elixir Energy Dividend Announcement

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

Elixir Energy Dividend History

Elixir Energy Dividend Yield

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

Elixir Energy Financial Ratios

P/E ratio-35.64
PEG ratio0.18
P/B ratio1.06
ROE-2.90%
Payout ratio0.00%
Current ratio1.88
Quick ratio1.86
Cash Ratio0.87

Elixir Energy Dividend FAQ

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