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Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services. The company was founded in 1980 and is based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia.

Major Drilling International Dividend Announcement

Major Drilling International announced a semi annually dividend of $0.01 per ordinary share which will be made payable on 2015-11-02. Ex dividend date: 2015-10-07
Major Drilling International's trailing twelve-month (TTM) dividend yield is -%

Major Drilling International Dividend History

Ex-Div dateDividend amountDividend typePay date
2015-10-07$0.01semi annually2015-11-02
2015-04-02$0.02semi annually
2014-10-08$0.09semi annually
2014-04-03$0.09semi annually

Major Drilling International Dividend per year

Major Drilling International Dividend Yield

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

Major Drilling International Financial Ratios

P/E ratio14.32
PEG ratio2.99
P/B ratio1.32
ROE9.56%
Payout ratio0.00%
Current ratio3.35
Quick ratio2.25
Cash Ratio0.85

Major Drilling International Dividend FAQ

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