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musicMagpie plc engages in the re-commerce of consumer technology, books, and disc media products in the United Kingdom and the United States. The company buys, refurbishes, rents, and sells consumer technology products, including smartphones, tablets, consoles, and personal computers; and CDs, DVDs, Blu-rays, and video games. It also buys and sells hardback and paperback books; and provides smartphone rental services. The company sells its products through its online stores, musicMagpie.co.uk and Decluttr.com, and mobile applications, as well as through third-party online channels. musicMagpie plc was founded in 2007 and is headquartered in Stockport, the United Kingdom.

musicMagpie Dividend Announcement

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

musicMagpie Dividend History

musicMagpie Dividend Yield

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

musicMagpie Financial Ratios

P/E ratio-1.28
PEG ratio0.09
P/B ratio0.94
ROE-63.67%
Payout ratio0.00%
Current ratio1.52
Quick ratio0.88
Cash Ratio0.59

musicMagpie Dividend FAQ

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