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Lesico Ltd, together with its subsidiaries, engages in the construction of various infrastructure projects in Israel and internationally. The company operates through two segments, Construction and Maintenance. It coordinates the construction of civil engineering projects, including various buildings, and infrastructures above and below the ground; administrative and operational structures, such as protected structures and obstacles on the borders for the defense establishment; and rail infrastructure, such as railways and related works. The company also coordinates the construction of infrastructure for fuel, gas, water, and sewage pipelines; mechanical work of piping; installation of equipment at power stations; and construction of complex pipeline infrastructure for the pharmaceutical, food, and microelectronics sectors. In addition, it constructs wastewater treatment plants, pumping stations, infrastructure in desalination facilities, and sludge and bolt treatment plants. Further, the company provides preventive and fracture maintenance services for water and sewage systems to municipal and institutional customers under long-term contracts; and maintains and services wastewater treatment plants. Additionally, it undertakes service and maintenance work in energy and power plants, including maintenance of turbines and mechanical maintenance; and establishes and operates infrastructures for the treatment and provision of various environmental services under franchise agreements. Lesico Ltd was incorporated in 1969 and is based in Holon, Israel.

Lesico Dividend Announcement

• Lesico announced a annually dividend of ₪5.89 per ordinary share which will be made payable on 2024-09-25. Ex dividend date: 2024-09-05
• Lesico annual dividend for 2024 was ₪5.89
• Lesico annual dividend for 2023 was ₪7.85
• Lesico's trailing twelve-month (TTM) dividend yield is 1.84%
• Lesico's payout ratio for the trailing twelve months (TTM) is 88.85%

Lesico Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-05₪5.89annually2024-09-25
2023-09-03₪7.85annually
2021-04-07₪5.50annually
2020-06-22₪6.60annually
2019-04-03₪9.90annually
2018-04-08₪7.92annually

Lesico Dividend per year

Lesico Dividend growth

Lesico Dividend Yield

Lesico current trailing twelve-month (TTM) dividend yield is 1.84%. Interested in purchasing Lesico stock? Use our calculator to estimate your expected dividend yield:

Lesico Financial Ratios

P/E ratio31.64
PEG ratio41.13
P/B ratio0.69
ROE2.16%
Payout ratio88.85%
Current ratio1.36
Quick ratio1.33
Cash Ratio0.21

Lesico Dividend FAQ

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