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Paranovus Entertainment Technology Ltd. engages in the research, development, manufacture, and sale of nutraceutical and dietary supplement products in the People's Republic of China and internationally. The company's product category includes lucidum spore powders, cordyceps mycelia, Ejiao products, American ginseng products, other traditional Chinese herbal and animal extracts, vitamins, minerals, and amino acids. It also offers product marketing and e-commerce agency operation services under the Happy Buy platform to small and middle size businesses; and e-commerce solutions, internet information, and advertising services to the online stores or manufactures. In addition, the company provides secure transaction environment, automobile procurement, and financial services for automobile manufacturers under the Taochejun automobile sales platform. It sells its products through distributors, large-scale chain drugstores, malls, and supermarkets under the Happiness brand. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is headquartered in Nanping, the People's Republic of China.

Paranovus Entertainment Technology Dividend Announcement

• Paranovus Entertainment Technology announced a annually dividend of $0.01 per ordinary share which will be made payable on 2020-08-17. Ex dividend date: 2020-08-07
• Paranovus Entertainment Technology's trailing twelve-month (TTM) dividend yield is -%

Paranovus Entertainment Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2020-08-07$0.01annually2020-08-17

Paranovus Entertainment Technology Dividend per year

Paranovus Entertainment Technology Dividend Yield

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

Paranovus Entertainment Technology Financial Ratios

P/E ratio-3.07
PEG ratio-0.03
P/B ratio1.63
ROE-36.41%
Payout ratio0.00%
Current ratio1.11
Quick ratio1.11
Cash Ratio0.37

Paranovus Entertainment Technology Dividend FAQ

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