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Goobit Group AB (publ) provides cryptocurrency exchange services in Sweden. The company offers exchange services of Swedish kronor and euros to the digital currencies bitcoin and ether under the BTCX Express and Standard BTCX brand names. It serves private individuals, corporate customers, and financial institutions. The company was founded in 2012 and is based in Stockholm, Sweden.

Goobit Dividend Announcement

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

Goobit Dividend Yield

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

Goobit Financial Ratios

P/E ratio-1.95
PEG ratio-0.02
P/B ratio3.59
ROE-116.67%
Payout ratio0.00%
Current ratio0.56
Quick ratio0.40
Cash Ratio0.40

Goobit Dividend FAQ

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