company-logo

Nova Eye Medical Limited designs, develops, distributes, markets, sells, and services surgical devices for the treatment of glaucoma. The company offers iTrack, a surgical system for the reduction in intraocular pressure (IOP) in adult patients with open-angle glaucoma; iTrack Advance, a natural ocular drainage system; Molteno3, a glaucoma drainage device to treat patients with severe or complex glaucoma; and 2RT, a proprietary laser technology to treat patients in early/intermediate age-related macular degeneration. It operates in Australia, the United States, Europe, the Asia Pacific, and internationally. The company was formerly known as Ellex Medical Lasers Limited and changed its name to Nova Eye Medical Limited in July 2020. Nova Eye Medical Limited was founded in 1985 and is headquartered in Kent Town, Australia.

Nova Eye Medical Dividend Announcement

Nova Eye Medical announced a semi annually dividend of A$0.41 per ordinary share which will be made payable on 2020-07-29. Ex dividend date: 2020-07-21
Nova Eye Medical's trailing twelve-month (TTM) dividend yield is -%

Nova Eye Medical Dividend History

Ex-Div dateDividend amountDividend typePay date
2020-07-21A$0.41semi annually2020-07-29
2020-07-14A$0.29semi annually
2002-12-02A$0.02semi annually

Nova Eye Medical Dividend per year

Nova Eye Medical Dividend Yield

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

Nova Eye Medical Financial Ratios

P/E ratio-3.83
PEG ratio-0.04
P/B ratio1.58
ROE-45.84%
Payout ratio0.00%
Current ratio2.60
Quick ratio1.84
Cash Ratio1.08

Nova Eye Medical Dividend FAQ

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