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MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations, as well as side scan sonar equipment and systems. The company markets its products to governmental and commercial customers through internal sales organization and a network of distributors and representatives. It operates in the United States, Europe, Canada, Latin America, the Asia/South Pacific, Eurasia, and internationally. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.

MIND Technology Dividend Announcement

• MIND Technology announced a annually dividend of $0.06 per ordinary share which will be made payable on 2018-10-31. Ex dividend date: 2018-10-12
• MIND Technology's trailing twelve-month (TTM) dividend yield is -%
• MIND Technology's payout ratio for the trailing twelve months (TTM) is 25.15%

MIND Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2018-10-12$0.06annually2018-10-31

MIND Technology Dividend per year

MIND Technology Dividend Yield

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

MIND Technology Financial Ratios

P/E ratio1.57
PEG ratio-0.20
P/B ratio0.24
ROE16.36%
Payout ratio25.15%
Current ratio2.64
Quick ratio1.10
Cash Ratio0.15

MIND Technology Dividend FAQ

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