Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Western Australia. The company explores for gold, nickel, cobalt, copper, zinc, platinum group elements, lithium, and lead deposits. Golden Mile Resources Limited was incorporated in 2016 and is based in West Perth, Australia.
Golden Mile Resources Dividend Announcement
• Golden Mile Resources does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Golden Mile Resources dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.
Golden Mile Resources Dividend History
Golden Mile Resources Dividend Yield
Golden Mile Resources current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Golden Mile Resources stock? Use our calculator to estimate your expected dividend yield:
Golden Mile Resources Financial Ratios
P/E ratio-4.17
PEG ratio-0.04
P/B ratio1.04
ROE-25.41%
Payout ratio0.00%
Current ratio6.67
Quick ratio6.80
Cash Ratio6.43
Golden Mile Resources Dividend FAQ
Does Golden Mile Resources stock pay dividends?
Golden Mile Resources does not currently pay dividends to its shareholders.
Has Golden Mile Resources ever paid a dividend?
No, Golden Mile Resources has no a history of paying dividends to its shareholders. Golden Mile Resources is not known for its dividend payments.
Why doesn't Golden Mile Resources pay dividends?
There are several potential reasons why Golden Mile Resources 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.
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 Mile Resources 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 Mile Resources 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 Mile Resources a dividend aristocrat?
Golden Mile Resources 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 Mile Resources a dividend king?
Golden Mile Resources 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 Mile Resources a dividend stock?
No, Golden Mile Resources 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 Mile Resources stocks?
To buy Golden Mile Resources 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 Mile Resources 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.
Place an order: Use the brokerage's trading platform to place an order to buy Golden Mile Resources 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.