More Provident Funds Ltd., a provident fund management company, provides various long-term savings products in Israel. It offers savings and benefit provident funds, investment provident funds, education funds, and savings plans for children. The company was founded in 2013 and is based in Ramat Gan, Israel.
More Provident Funds Dividend Announcement
• More Provident Funds announced a semi annually dividend of ₪5.46 per ordinary share which will be made payable on 2024-09-02. Ex dividend date: 2024-08-25
• More Provident Funds annual dividend for 2024 was ₪21.08
• More Provident Funds's trailing twelve-month (TTM) dividend yield is 3.48%
• More Provident Funds's payout ratio for the trailing twelve months (TTM) is 44.78%
More Provident Funds Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-25 | ₪5.46 | semi annually | 2024-09-02 |
| 2024-06-02 | ₪15.61 | semi annually | 2024-06-10 |
More Provident Funds Dividend per year
More Provident Funds Dividend Yield
More Provident Funds current trailing twelve-month (TTM) dividend yield is 3.48%. Interested in purchasing More Provident Funds stock? Use our calculator to estimate your expected dividend yield:
More Provident Funds Financial Ratios
P/E ratio17.26
PEG ratio-166.84
P/B ratio3.27
ROE19.04%
Payout ratio44.78%
Current ratio1.22
Quick ratio1.22
Cash Ratio0.60
More Provident Funds Dividend FAQ
Does More Provident Funds stock pay dividends?
More Provident Funds does not currently pay dividends to its shareholders.
Has More Provident Funds ever paid a dividend?
No, More Provident Funds has no a history of paying dividends to its shareholders. More Provident Funds is not known for its dividend payments.
Why doesn't More Provident Funds pay dividends?
There are several potential reasons why More Provident Funds 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.
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 More Provident Funds 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 More Provident Funds 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 More Provident Funds a dividend aristocrat?
More Provident Funds 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 More Provident Funds a dividend king?
More Provident Funds 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 More Provident Funds a dividend stock?
No, More Provident Funds 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 More Provident Funds stocks?
To buy More Provident Funds 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 More Provident Funds 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.
Place an order: Use the brokerage's trading platform to place an order to buy More Provident Funds 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.