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ParcelPal Logistics Inc., a courier and logistics company, provides last-mile delivery service and logistics solutions. The company connects people and businesses through its network of couriers in Vancouver, Calgary, and Toronto, Canada, as well as in the western region of the United States. It offers delivery and logistics solutions for business to business, business to customer, and other creative solution partners in pharmacy and health, meal kit deliveries, retail, groceries, and other verticals. The company was formerly known as ParcelPal Technology Inc. and changed its name to ParcelPal Logistics Inc. in June 2021. ParcelPal Logistics Inc. was incorporated in 1997 and is headquartered in Vancouver, Canada.

ParcelPal Logistics Dividend Announcement

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

ParcelPal Logistics Dividend History

ParcelPal Logistics Dividend Yield

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

ParcelPal Logistics Financial Ratios

P/E ratio-21.62
PEG ratio1.81
P/B ratio-2.05
ROE9.59%
Payout ratio0.00%
Current ratio0.07
Quick ratio0.07
Cash Ratio0.05

ParcelPal Logistics Dividend FAQ

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