company-logo

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories. The company was incorporated in 1988 and is headquartered in London, Canada.

Fortune Minerals Dividend Announcement

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

Fortune Minerals Dividend History

Fortune Minerals Dividend Yield

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

Fortune Minerals Financial Ratios

P/E ratio-10.10
PEG ratio-0.25
P/B ratio-2.86
ROE30.09%
Payout ratio0.00%
Current ratio0.39
Quick ratio0.39
Cash Ratio0.31

Fortune Minerals Dividend FAQ

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