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Hexagon Purus Holding AS provides hydrogen type 4 high-pressure cylinders, vehicle systems, and battery packs for fuel cell electric and battery electric vehicles. It offers hydrogen high-pressure vessels and systems for hydrogen light duty vehicles, infrastructure, distribution, rail, medium and heavy-duty vehicles, as well as for aerospace and aviation. The company also provides systems for battery electric vehicles and fuel cell electric vehicles for buses and battery packs. In addition, it offers high pressure hydrogen storage cylinders, which enables transit buses, ground storage, distribution, maritime, rail, and aerospace applications. The company was incorporated in 2017 and is headquartered in Alesund, Norway. Hexagon Purus Holding AS is a subsidiary of Hexagon Composites ASA.

Hexagon Purus Dividend Announcement

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

Hexagon Purus Dividend History

Hexagon Purus Dividend Yield

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

Hexagon Purus Financial Ratios

P/E ratio-2.35
PEG ratio1.07
P/B ratio1.06
ROE-40.77%
Payout ratio0.00%
Current ratio2.46
Quick ratio1.65
Cash Ratio0.72

Hexagon Purus Dividend FAQ

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