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MinRex Resources Limited engages in the exploration and development of mineral properties. It focuses on the exploration of gold, silver, copper, and other base metal projects in New South Wales (NSW) and Western Australia. The company holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara region of Western Australia; and 100% interests in the Deflector Extended Gold project located at Gullewa in Western Australia. It also holds 7 exploration licenses in Mt Pleasant, Sofala, and Sunny Corner Projects with an area of 514 square kilometers in the Lachlan Fold Belt in NSW; and exploration licenses in lithium and tantalum deposits, as well as holds farm-in rights for 80% interest in EL7974 and EL7423 projects, and 90% interest in the exploration area of EL 5964 project. The company was formerly known as MinRex Resources NL and changed its name to MinRex Resources Limited in January 2016. MinRex Resources Limited was incorporated in 2011 and is based in Perth, Australia.

MinRex Resources Dividend Announcement

• MinRex Resources does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on MinRex Resources dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

MinRex Resources Dividend History

MinRex Resources Dividend Yield

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

MinRex Resources Financial Ratios

P/E ratio-11.69
PEG ratio-0.12
P/B ratio0.60
ROE-5.01%
Payout ratio0.00%
Current ratio42.59
Quick ratio42.59
Cash Ratio42.23

MinRex Resources Dividend FAQ

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