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Fennec Pharmaceuticals Inc. operates as a biopharmaceutical company. Its product candidate in the clinical stage of development is PEDMARK, a formulation of sodium thiosulfate for the prevention of platinum-induced ototoxicity in pediatric cancer patients. The company was formerly known as Adherex Technologies Inc. and changed its name to Fennec Pharmaceuticals Inc. in September 2014. Fennec Pharmaceuticals Inc. was incorporated in 1996 and is based in Research Triangle Park, North Carolina.

Fennec Pharmaceuticals Dividend Announcement

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

Fennec Pharmaceuticals Dividend History

Fennec Pharmaceuticals Dividend Yield

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

Fennec Pharmaceuticals Financial Ratios

P/E ratio-139.35
PEG ratio20.80
P/B ratio-32.50
ROE31.99%
Payout ratio0.00%
Current ratio7.80
Quick ratio7.64
Cash Ratio5.42

Fennec Pharmaceuticals Dividend FAQ

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