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Nyrada Inc., a pre-clinical stage drug development company, engages in the development of small molecule drugs for cardiovascular, neurodegenerative, and chronic inflammatory diseases. Its products in the drug development stage include PCSK9 inhibitor for the treatment of high blood LDL-cholesterol levels in patients poorly responsive to or unable to take statin drugs; a neuroprotectant drug to reduce the disability in patients with ischaemic stroke and traumatic brain injury; a drug to treat pain associated with peripheral nerve damage; and a drug to treat autoimmune diseases, such as psoriasis. The company has collaboration with Walter Reed Army Institute of Research and University of New South Wales, Sydney. Nyrada Inc. was incorporated in 2017 and is based in Gordon, Australia.

Nyrada Dividend Announcement

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

Nyrada Dividend History

Nyrada Dividend Yield

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

Nyrada Financial Ratios

P/E ratio-12.82
PEG ratio-0.13
P/B ratio3.54
ROE-28.93%
Payout ratio0.00%
Current ratio7.03
Quick ratio7.03
Cash Ratio5.71

Nyrada Dividend FAQ

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