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Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs, and flexible circuitry boards. It also offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

Eltek Dividend Announcement

• Eltek announced a annually dividend of $0.22 per ordinary share which will be made payable on 2023-12-21. Ex dividend date: 2023-12-12
• Eltek annual dividend for 2023 was $0.22
• Eltek's trailing twelve-month (TTM) dividend yield is 2.03%
• Eltek's payout ratio for the trailing twelve months (TTM) is 21.36%

Eltek Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-12-12$0.22annually2023-12-21
2022-12-09$0.17annually2022-12-19

Eltek Dividend per year

Eltek Dividend Yield

Eltek current trailing twelve-month (TTM) dividend yield is 2.03%. Interested in purchasing Eltek stock? Use our calculator to estimate your expected dividend yield:

Eltek Financial Ratios

P/E ratio12.21
PEG ratio-3.33
P/B ratio1.92
ROE18.75%
Payout ratio21.36%
Current ratio3.13
Quick ratio2.56
Cash Ratio0.79

Eltek Dividend FAQ

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