company-logo

New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

New Found Gold Dividend Announcement

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

New Found Gold Dividend History

New Found Gold Dividend Yield

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

New Found Gold Financial Ratios

P/E ratio-8.65
PEG ratio0.21
P/B ratio8.79
ROE-112.52%
Payout ratio0.00%
Current ratio5.07
Quick ratio5.07
Cash Ratio4.60

New Found Gold Dividend FAQ

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