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Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring. It also provides reverse circulation drilling products; drill pipes; and horizontal directional drilling products, including pull reamers and pilot hammers. In addition, the company sells third party products. Its products are used in mining and quarry, construction and geotechnical, mining exploration, water well, geothermal, and horizontal directional drilling applications. The company was formerly known as Manrock plc and changed its name to Mincon Group plc in September 2013. Mincon Group plc was founded in 1977 and is headquartered in Shannon, Ireland. Mincon Group plc is a subsidiary of Kingbell Company.

Mincon Dividend Announcement

• Mincon announced a semi annually dividend of €0.01 per ordinary share which will be made payable on . Ex dividend date: 2024-11-14
• Mincon annual dividend for 2024 was €0.02
• Mincon annual dividend for 2023 was €0.02
• Mincon's trailing twelve-month (TTM) dividend yield is 4.88%
• Mincon's payout ratio for the trailing twelve months (TTM) is 280.92%
• Mincon's dividend growth over the last five years (2018-2023) was 14.87% year

Mincon Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-14€0.01semi annually
2024-05-23€0.01semi annually
2023-11-16€0.01semi annually
2023-05-25€0.01semi annually
2022-08-18€0.01semi annually
2022-05-26€0.01semi annually
2021-08-19€0.01semi annually
2021-05-27€0.02semi annually
2020-08-13€0.01semi annually
2020-05-28€0.01semi annually
2019-08-29€0.01semi annually
2019-05-23€0.01semi annually
2018-08-30€0.01semi annually
2017-05-25€0.01semi annually
2016-09-01€0.01semi annually
2016-05-26€0.01semi annually
2015-08-27€0.01semi annually
2015-05-28€0.01semi annually
2014-08-27€0.01semi annually

Mincon Dividend per year

Mincon Dividend growth

Mincon Dividend Yield

Mincon current trailing twelve-month (TTM) dividend yield is 4.88%. Interested in purchasing Mincon stock? Use our calculator to estimate your expected dividend yield:

Mincon Financial Ratios

P/E ratio57.54
PEG ratio-12.08
P/B ratio0.60
ROE1.04%
Payout ratio280.92%
Current ratio3.37
Quick ratio1.42
Cash Ratio0.44

Mincon Dividend FAQ

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