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Persistence Resources Group Ltd engages in the exploration, mining, and processing of gold properties in China. It operates two operating gold mines, including the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine located in Songjiagou, the MupingRushan gold metallogenic belt. The company was formerly known as Sinogold Resources Holdings Group Co., Ltd. and changed its name to Persistence Resources Group Ltd in May 2022. The company was founded in 2005 and is headquartered in Yantai, China. Persistence Resources Group Ltd is a subsidiary of Majestic Gold Corp.

PERSISTENCE RESOURCES Dividend Announcement

• PERSISTENCE RESOURCES announced a annually dividend of HK$0.03 per ordinary share which will be made payable on 2024-09-25. Ex dividend date: 2024-09-11
• PERSISTENCE RESOURCES annual dividend for 2024 was HK$0.03
• PERSISTENCE RESOURCES's trailing twelve-month (TTM) dividend yield is 3.55%

PERSISTENCE RESOURCES Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-11HK$0.03annually2024-09-25

PERSISTENCE RESOURCES Dividend per year

PERSISTENCE RESOURCES Dividend Yield

PERSISTENCE RESOURCES current trailing twelve-month (TTM) dividend yield is 3.55%. Interested in purchasing PERSISTENCE RESOURCES stock? Use our calculator to estimate your expected dividend yield:

PERSISTENCE RESOURCES Financial Ratios

P/E ratio26.75
PEG ratio0.27
P/B ratio1.87
ROE7.31%
Payout ratio0.00%
Current ratio4.22
Quick ratio4.12
Cash Ratio3.96

PERSISTENCE RESOURCES Dividend FAQ

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