Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China, Australia, and Canada. The company primarily explores for gold ores. Its flagship project is the Songjiagou gold mine located in the Shandong Province of China. Majestic Gold Corp. is headquartered in Surrey, Canada.
Majestic Gold Dividend Announcement
• Majestic Gold announced a annually dividend of C$0.01 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-09-27
• Majestic Gold annual dividend for 2024 was C$0.01
• Majestic Gold's trailing twelve-month (TTM) dividend yield is 12.98%
Majestic Gold Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-27 | C$0.01 | annually | 2024-10-11 |
Majestic Gold Dividend per year
Majestic Gold Dividend Yield
Majestic Gold current trailing twelve-month (TTM) dividend yield is 12.98%. Interested in purchasing Majestic Gold stock? Use our calculator to estimate your expected dividend yield:
Majestic Gold Financial Ratios
P/E ratio6.71
PEG ratio0.36
P/B ratio0.51
ROE8.07%
Payout ratio0.00%
Current ratio4.68
Quick ratio4.58
Cash Ratio1.91
Majestic Gold Dividend FAQ
Does Majestic Gold stock pay dividends?
Majestic Gold does not currently pay dividends to its shareholders.
Has Majestic Gold ever paid a dividend?
No, Majestic Gold has no a history of paying dividends to its shareholders. Majestic Gold is not known for its dividend payments.
Why doesn't Majestic Gold pay dividends?
There are several potential reasons why Majestic Gold 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.
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 Majestic Gold 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 Majestic Gold 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 Majestic Gold a dividend aristocrat?
Majestic Gold 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 Majestic Gold a dividend king?
Majestic Gold 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 Majestic Gold a dividend stock?
No, Majestic Gold 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 Majestic Gold stocks?
To buy Majestic Gold 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 Majestic Gold 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.
Place an order: Use the brokerage's trading platform to place an order to buy Majestic Gold 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.