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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2015-10-07 | $0.01 | semi annually | 2015-11-02 |
2015-04-02 | $0.02 | semi annually | |
2014-10-08 | $0.09 | semi annually | |
2014-04-03 | $0.09 | semi 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
Major Drilling International 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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