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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 125.0%

LMP Automotive Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-01-30$0.20annually
2023-09-11$1.50annually
2023-05-09$1.24annually
2023-03-01$4.68annually2023-02-28

LMP Automotive Dividend per year

LMP Automotive Dividend Yield

LMP Automotive current trailing twelve-month (TTM) dividend yield is 125.0%. Interested in purchasing LMP Automotive stock? Use our calculator to estimate your expected dividend yield:

LMP Automotive Financial Ratios

P/E ratio0.00
PEG ratio0.00
P/B ratio0.06
ROE0.00%
Payout ratio0.00%
Current ratio8.32
Quick ratio5.54
Cash Ratio1.29

LMP Automotive Dividend FAQ

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