LMP Automotive Holdings, Inc., through its subsidiaries, buys, sells, rents and subscribes for, and obtains financing for automobiles online and in person in the United States. It primarily buys pre-owned automobiles primarily through auctions or directly from other automobile dealers, as well as new automobiles from manufacturers and manufacturer distributors at fleet rates. The company was incorporated in 2017 and is headquartered in Fort Lauderdale, Florida.
LMP Automotive Dividend Announcement
• LMP Automotive announced a annually dividend of $0.20 per ordinary share which will be made payable on . Ex dividend date: 2024-01-30
• LMP Automotive annual dividend for 2024 was $0.20
• LMP Automotive annual dividend for 2023 was $7.42
• LMP Automotive's trailing twelve-month (TTM) dividend yield is 142.86%
LMP Automotive Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-01-30 | $0.20 | annually | |
2023-09-11 | $1.50 | annually | |
2023-05-09 | $1.24 | annually | |
2023-03-01 | $4.68 | annually | 2023-02-28 |
LMP Automotive Dividend per year
LMP Automotive Dividend Yield
LMP Automotive current trailing twelve-month (TTM) dividend yield is 142.86%. Interested in purchasing LMP Automotive stock? Use our calculator to estimate your expected dividend yield:
LMP Automotive Financial Ratios
LMP Automotive Dividend FAQ
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.
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