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Galileo Tech Ltd engages in the development of products for smart cities management and fintech in Israel and internationally. The company provides information and communication technologies, and IoT solutions for the purpose of managing the city's assets, including local information systems, schools, libraries, transportation systems, hospitals, power plants, water supply infrastructure, garbage, law enforcement, and other community services. It also develops and manages the technological platform of digital wallets. In addition, the company operates digital wallets, which include PEY wallet for business purchases, money transfers between members, customer club management, and accrual of benefits; KISS wallet to purchase savings plans for children; and PEYSTATION, a wallet for businesses for the purpose of clearing of digital wallets, credit card clearing, and issuance of receipts/invoices. Galileo Tech Ltd was incorporated in 1980 and is based in Tel Aviv, Israel.

Galileo Tech Dividend Announcement

• Galileo Tech announced a semi annually dividend of ₪1.50 per ordinary share which will be made payable on . Ex dividend date: 2008-10-19
• Galileo Tech's trailing twelve-month (TTM) dividend yield is -%

Galileo Tech Dividend History

Ex-Div dateDividend amountDividend typePay date
2008-10-19₪1.50semi annually
2008-06-15₪1.00semi annually

Galileo Tech Dividend per year

Galileo Tech Dividend Yield

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

Galileo Tech Financial Ratios

P/E ratio-0.78
PEG ratio4.31
P/B ratio-1.64
ROE222.68%
Payout ratio0.00%
Current ratio0.01
Quick ratio0.01
Cash Ratio0.00

Galileo Tech Dividend FAQ

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