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Hexagon Composites ASA, together with its subsidiaries, produces and sells composite pressure cylinders and fuel systems in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. The company operates through Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG segments. The Hexagon Agility & CNG LDV segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation. Hexagon Purus segment provides high pressure cylinders, vehicle systems, and battery backs for fuel cell and battery electric vehicles. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology solutions that reduce down-time and inspection costs while improving inspection accuracy. The Hexagon Ragasco LPG segment manufacturers composite liquefied petroleum gas (LPG) cylinders for leisure, household, and industrial applications. Hexagon Composites ASA was incorporated in 1985 and is headquartered in Ålesund, Norway.

Hexagon Composites Dividend Announcement

• Hexagon Composites announced a annually dividend of $0.00 per ordinary share which will be made payable on 2018-04-30. Ex dividend date: 2018-04-20
• Hexagon Composites's trailing twelve-month (TTM) dividend yield is -%

Hexagon Composites Dividend History

Ex-Div dateDividend amountDividend typePay date
2018-04-20$0.00annually2018-04-30
2015-04-22$0.01annually
2014-04-23$0.06annually

Hexagon Composites Dividend per year

Hexagon Composites Dividend Yield

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

Hexagon Composites Financial Ratios

P/E ratio-168.02
PEG ratio4.68
P/B ratio14.36
ROE-9.73%
Payout ratio0.00%
Current ratio2.27
Quick ratio1.15
Cash Ratio0.46

Hexagon Composites Dividend FAQ

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