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Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It primarily explores for iron oxide, copper, cobalt, and gold deposits, as well as for molybdenum and rhenium ores. The company holds 100% interests in the Mount Isa project that comprise Kalman, Overlander North and Overlander South, and Elaine deposits covering an area of approximately 2,600 square kilometers within the Mount Isa mining district, as well as a 51% interest in the Jubilee deposit. It also holds a 100% interest in the Bronzewing South gold project located in the Yandal Belt of Western Australia. The company was formerly known as Midas Resources Limited and changed its name to Hammer Metals Limited in April 2014. Hammer Metals Limited was incorporated in 2000 and is based in West Perth, Australia.

Hammer Metals Dividend Announcement

• Hammer Metals announced a annually dividend of A$0.00 per ordinary share which will be made payable on . Ex dividend date: 2018-05-28
• Hammer Metals's trailing twelve-month (TTM) dividend yield is -%

Hammer Metals Dividend History

Ex-Div dateDividend amountDividend typePay date
2018-05-28A$0.00annually

Hammer Metals Dividend per year

Hammer Metals Dividend Yield

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

Hammer Metals Financial Ratios

P/E ratio5.32
PEG ratio0.06
P/B ratio0.93
ROE19.35%
Payout ratio0.00%
Current ratio7.02
Quick ratio7.24
Cash Ratio6.79

Hammer Metals Dividend FAQ

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