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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2020-07-21 | A$0.41 | semi annually | 2020-07-29 |
2020-07-14 | A$0.29 | semi annually | |
2002-12-03 | A$0.02 | semi 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
Nova Eye Medical 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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