Table of Contents

company-logo

Odessa Minerals Limited operates as a diamond mineral exploration company in Western Australia. It holds 20 granted and application exploration licenses in the Aries, Ellendale, Calwynyardah, and Noonkanbah Projects covering an area of 2,600 square kilometers in the Kimberley region of Western Australia. The company was formerly known as Fargo Enterprises Limited and changed its name to Odessa Minerals Limited in January 2022. Odessa Minerals Limited was incorporated in 1935 and is based in Perth, Australia.

Odessa Minerals Dividend Announcement

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

Odessa Minerals Dividend History

Odessa Minerals Dividend Yield

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

Odessa Minerals Financial Ratios

P/E ratio-7.89
PEG ratio1.63
P/B ratio0.96
ROE-11.96%
Payout ratio0.00%
Current ratio15.98
Quick ratio15.98
Cash Ratio15.39

Odessa Minerals Dividend FAQ

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