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Golden Independence Mining Corp. engages in the acquisition and exploration of mineral property assets in Canada. It explores for gold and silver ores. The company also has an option to acquire 75% interest in the Independence gold project consisting of 14 unpatented lode claims and mill-site mining claims covering an area of approximately 960 acres located in Battle Mountain, Nevada. In addition, it holds interest in the Fraser Lake copper project that comprises of three claim blocks covering an area of approximately 9,900 hectares located in the Quesnel Trough of Central British Columbia. The company was formerly known as 66 Resources Corp. and changed its name to Golden Independence Mining Corp. in September 2020. Golden Independence Mining Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Golden Independence Mining Dividend Announcement

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

Golden Independence Mining Dividend History

Golden Independence Mining Dividend Yield

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

Golden Independence Mining Financial Ratios

P/E ratio-0.54
PEG ratio0.16
P/B ratio0.74
ROE-89.25%
Payout ratio0.00%
Current ratio22.13
Quick ratio22.43
Cash Ratio19.91

Golden Independence Mining Dividend FAQ

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