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NextSource Materials Inc. acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily explores for graphite and vanadium deposits. Its principal mineral property is the Molo graphite mine that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar. The company was formerly known as Energizer Resources Inc. and changed its name to NextSource Materials Inc. in April 2017. NextSource Materials Inc. was founded in 2004 and is headquartered in Toronto, Canada.

NextSource Materials Dividend Announcement

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

NextSource Materials Dividend History

NextSource Materials Dividend Yield

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

NextSource Materials Financial Ratios

P/E ratio-6.18
PEG ratio-0.74
P/B ratio1.17
ROE-17.46%
Payout ratio0.00%
Current ratio0.47
Quick ratio0.34
Cash Ratio0.24

NextSource Materials Dividend FAQ

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