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LadRx Corporation, a biopharmaceutical company, engages in the discovery and development of therapeutics to treat patients with cancer. The company's advanced drug conjugate, aldoxorubicin that is in late-stage clinical trials is a version of anti-cancer drug doxorubicin. Its pre-clinical therapeutics comprise linker activated drug releases 7, 8, 9, and 10 targeted against cancer The company was formerly known as CytRx Corporation and changed its name to LadRx Corporation in September 2022. LadRx Corporation was incorporated in 1985 and is headquartered in Los Angeles, California.

LadRx Dividend Announcement

• LadRx announced a annually dividend of $0.29 per ordinary share which will be made payable on . Ex dividend date: 2008-03-07
• LadRx's trailing twelve-month (TTM) dividend yield is -%
• LadRx's payout ratio for the trailing twelve months (TTM) is -8.32%

LadRx Dividend History

Ex-Div dateDividend amountDividend typePay date
2008-03-07$0.29annually

LadRx Dividend per year

LadRx Dividend Yield

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

LadRx Financial Ratios

P/E ratio-0.00
PEG ratio-0.00
P/B ratio-0.00
ROE188.38%
Payout ratio-8.32%
Current ratio38.72
Quick ratio38.72
Cash Ratio0.03

LadRx Dividend FAQ

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