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Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company principally holds a 100% interest in the Bayan Khundii Gold Project comprising 2,309 hectares located in the Bayankhongor province in Mongolia; and the Altan Nar Gold-Polymetallic project located in located in the Bayankhongor Aimag. It also holds interests in three mining licenses and two exploration licenses located in southwest Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

Erdene Resource Development Dividend Announcement

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

Erdene Resource Development Dividend History

Erdene Resource Development Dividend Yield

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

Erdene Resource Development Financial Ratios

P/E ratio-234.81
PEG ratio-1.66
P/B ratio3.64
ROE-1.51%
Payout ratio0.00%
Current ratio6.10
Quick ratio6.10
Cash Ratio5.78

Erdene Resource Development Dividend FAQ

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