Table of Contents

company-logo

Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. It provides underground and surface diamond drilling services to mining companies through various stages of mineral exploration, mine development, and production. The company also offers geotechnical and water drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. In addition, it manufactures and sells conventional and specialized drill rigs. As of June 30, 2021, the company operated 223 drill rigs, including 101 underground drills and 122 drill rigs. Orbit Garant Drilling Inc. was founded in 1965 and is headquartered in Val-d'Or, Canada.

Orbit Garant Drilling Dividend Announcement

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

Orbit Garant Drilling Dividend History

Orbit Garant Drilling Dividend Yield

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

Orbit Garant Drilling Financial Ratios

P/E ratio13.13
PEG ratio0.18
P/B ratio0.47
ROE3.73%
Payout ratio0.00%
Current ratio2.58
Quick ratio1.15
Cash Ratio0.03

Orbit Garant Drilling Dividend FAQ

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