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Mogo Inc. operates as a financial technology company in Canada and internationally. The company provides digital solutions to the consumers to get in control of their financial health. It offers Mogo app to access a digital spending account with Mogo Visa Platinum Prepaid Card; MogoCrypto that enables the buying and selling of bitcoin; MogoProtect, a free ID fraud protection and monthly credit score monitoring; MogoMortgage, a digital mortgage experience; and MogoMoney that provides access to personal loans. The company also offers Mogo Trade, a free stock trading platform with real-time stock quotes and funding; and Mogo Ventures to manage its existing investments in strategic partners and companies. In addition, it operates Carta, a digital payments software platform that enable financial technology companies, banks, and corporations to issue payment products to consumers via multiple channels, including physical, virtual, and tokenized cards, as well as payment switching and routing services. Mogo Inc. was founded in 2003 and is headquartered in Vancouver, Canada.

Mogo Dividend Announcement

• Mogo announced a annually dividend of $0.07 per ordinary share which will be made payable on 2019-04-05. Ex dividend date: 2019-03-21
• Mogo's trailing twelve-month (TTM) dividend yield is -%

Mogo Dividend History

Ex-Div dateDividend amountDividend typePay date
2019-03-21$0.07annually2019-04-05

Mogo Dividend per year

Mogo Dividend Yield

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

Mogo Financial Ratios

P/E ratio-1.92
PEG ratio0.07
P/B ratio0.41
ROE-19.47%
Payout ratio0.00%
Current ratio1.43
Quick ratio1.43
Cash Ratio0.14

Mogo Dividend FAQ

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