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Norva24 Group AB (Publ) provides underground infrastructure maintenance services in Northern Europe. The company offers emptying services, such as emptying and inspection of fat/oil separators, underground tanks, and sand traps, as well as sludge drainage; pipe services comprising pressure testing of pipes and pipe inspection, pipe relining and point repair, leak detection, and pipe cleaning of clogged water and waste pipes; and pressure washing services. As of September 30, 2021, it operated 66 branches across Norway, Germany, Sweden, and Denmark. The company was founded in 1919 and is headquartered in Stryn, Norway.

Norva24 Dividend Announcement

• Norva24 does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Norva24 dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Norva24 Dividend History

Norva24 Dividend Yield

Norva24 current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Norva24 stock? Use our calculator to estimate your expected dividend yield:

Norva24 Financial Ratios

P/E ratio25.56
PEG ratio0.25
P/B ratio2.19
ROE9.01%
Payout ratio0.00%
Current ratio1.18
Quick ratio1.15
Cash Ratio0.33

Norva24 Dividend FAQ

Does Norva24 stock pay dividends?
Norva24 does not currently pay dividends to its shareholders.
Has Norva24 ever paid a dividend?
No, Norva24 has no a history of paying dividends to its shareholders. Norva24 is not known for its dividend payments.
Why doesn't Norva24 pay dividends?
There are several potential reasons why Norva24 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 Norva24 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 Norva24 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 Norva24 a dividend aristocrat?
Norva24 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 Norva24 a dividend king?
Norva24 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 Norva24 a dividend stock?
No, Norva24 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 Norva24 stocks?
To buy Norva24 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 Norva24 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.