NamSys Inc. provides software solutions for currency management and processing for the banking and merchant industries principally in North America. The company offers Cirreon Smart Safe, a cloud-based digital platform for managing networks of smart safes; Cash in Transit Logistics that manages routes, scans barcodes, and captures signatures digitally; and Deposit Tracking for tracking digital deposit data and transmits real-time updates. It also provides Online Change Orders for simplifying the change order process; and Currency Controller, a cash vault management and logistics system. It serves financial institutions, cash-in-transit industry, and banks and armored carriers. The company was formerly known as Cencotech Inc. and changed its name to NamSys Inc. in November 2016. NamSys Inc. was incorporated in 1997 and is headquartered in Toronto, Canada.
NamSys Dividend Announcement
• NamSys announced a annually dividend of C$0.05 per ordinary share which will be made payable on 2024-06-11. Ex dividend date: 2024-05-29
• NamSys annual dividend for 2024 was C$0.05
• NamSys's trailing twelve-month (TTM) dividend yield is 4.67%
• NamSys's payout ratio for the trailing twelve months (TTM) is 67.73%
NamSys Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-29 | C$0.05 | annually | 2024-06-11 |
NamSys Dividend per year
NamSys Dividend Yield
NamSys current trailing twelve-month (TTM) dividend yield is 4.67%. Interested in purchasing NamSys stock? Use our calculator to estimate your expected dividend yield:
NamSys Financial Ratios
NamSys Dividend FAQ
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.
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