My Food Bag Group Limited engages in online meal-kit, grocery items, and pre-prepared ready to heat meal delivery business in New Zealand. It offers a range of meal kit bags under the My Food Bag, Bargain Box, and Fresh Start brands. The company was formerly known as MFB Group Limited and changed its name My Food Bag Group Limited in January 2021. The company was founded in 2013 and is based in Auckland, New Zealand.
My Food Bag Dividend Announcement
• My Food Bag announced a quarterly dividend of NZ$0.00 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-12-02
• My Food Bag annual dividend for 2024 was NZ$0.01
• My Food Bag's trailing twelve-month (TTM) dividend yield is 6.17%
My Food Bag Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-02 | NZ$0.00 | quarterly | 2024-12-16 |
| 2024-11-29 | NZ$0.01 | quarterly | 2024-12-16 |
| 2024-06-03 | NZ$0.01 | quarterly | 2024-06-20 |
| 2022-11-28 | NZ$0.03 | quarterly | 2022-12-15 |
| 2022-05-30 | NZ$0.06 | quarterly | 2022-06-16 |
| 2021-11-29 | NZ$0.03 | quarterly | 2021-12-16 |
My Food Bag Dividend per year
My Food Bag Dividend Yield
My Food Bag current trailing twelve-month (TTM) dividend yield is 6.17%. Interested in purchasing My Food Bag stock? Use our calculator to estimate your expected dividend yield:
My Food Bag Financial Ratios
P/E ratio9.94
PEG ratio-0.15
P/B ratio1.12
ROE11.64%
Payout ratio0.00%
Current ratio0.10
Quick ratio0.07
Cash Ratio0.01
My Food Bag Dividend FAQ
Does My Food Bag stock pay dividends?
My Food Bag does not currently pay dividends to its shareholders.
Has My Food Bag ever paid a dividend?
No, My Food Bag has no a history of paying dividends to its shareholders. My Food Bag is not known for its dividend payments.
Why doesn't My Food Bag pay dividends?
There are several potential reasons why My Food Bag 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 My Food Bag 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 My Food Bag 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 My Food Bag a dividend aristocrat?
My Food Bag 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 My Food Bag a dividend king?
My Food Bag 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 My Food Bag a dividend stock?
No, My Food Bag 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 My Food Bag stocks?
To buy My Food Bag 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 My Food Bag 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 My Food Bag 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.