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Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide. The company operates through Powertrain & Chassis and Specialty Products segments. The Powertrain & Chassis segment designs, manufactures, and tests custom powertrain and chassis solutions, including gear shifters for automatic and manual transmissions, shift cables and towers, and vehicle dynamics products for cabins and axles, as well as gear and clutch control systems comprise of actuators. The Specialty Products segment offers fluid handling systems; couplings systems for compressed-air circuits in heavy-duty vehicles; and operator control systems for power sports construction, agriculture, outdoor power equipment, and power electronics products. It serves OEMs and Tier 1 suppliers in the automotive, commercial vehicle, and off-highway markets. The company was formerly known as Kongsberg Automotive Holding ASA and changed its name to Kongsberg Automotive ASA in August 2014. Kongsberg Automotive ASA was founded in 1957 and is based in Kongsberg, Norway.

Kongsberg Automotive Dividend Announcement

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

Kongsberg Automotive Dividend History

Kongsberg Automotive Dividend Yield

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

Kongsberg Automotive Financial Ratios

P/E ratio-5.21
PEG ratio0.06
P/B ratio0.44
ROE-8.17%
Payout ratio0.00%
Current ratio1.95
Quick ratio1.46
Cash Ratio0.44

Kongsberg Automotive Dividend FAQ

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