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Lucy Scientific Discovery Inc. researches, develops, manufactures, and commercializes psychedelic products. It offers biological raw materials, crude extracts, psychotropic compounds, and active pharmaceutical ingredients (APIs). Lucy Scientific Discovery Inc. was formerly known as Hollyweed North Cannabis, Inc. The company was incorporated in 2017 and is based in Victoria, Canada.

Lucy Scientific Discovery Dividend Announcement

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

Lucy Scientific Discovery Dividend History

Lucy Scientific Discovery Dividend Yield

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

Lucy Scientific Discovery Financial Ratios

P/E ratio-0.72
PEG ratio0.01
P/B ratio111.74
ROE-377.80%
Payout ratio0.00%
Current ratio0.38
Quick ratio0.06
Cash Ratio0.06

Lucy Scientific Discovery Dividend FAQ

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