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Petrolympic Ltd. engages in the acquisition, exploration, and development of gold, petroleum, and natural gas properties in the United States and Canada. It holds a 100% interest covering an area of 55,951 hectares in the St. Lawrence Lowlands and Gaspe Peninsula; 30% interest of the 216,933 hectares with Ressources et Energie Squatex in the Utica Fairway and the underlying Trenton-Black River carbonates; and 12% interest of the total land package 8,000 hectares through an Agreement with Canbriam Energy. The company also holds 100% interest in the Mitis and the Matapedia properties covering an area of 41,014 hectares; and 30% interest in approximately 431,160 hectares through a joint venture with Squatex. In addition, it holds interest in the Vauquelin gold property that consists of 31 contiguous claims covering an area of 1,784 hectares located in the east of the Val d´Or mining camp, Quebec; and the Evangelic Lake Gold property that consists of 24 mining claims covering 600 hectares located in southwest of Espanola, Ontario. Further, the company has an agreement to acquire 100% interest in the Belcourt Gold property comprising 125 claims covering an area of 5,479 hectares situated near Val d'Or, Quebec; and the Rayon d'Or gold property that consists of two contiguous claims covering an area of 285.9 acres located in the east of the Val d´Or mining camp, Quebec. Petrolympic Ltd. is headquartered in Toronto, Canada.

Petrolympic Dividend Announcement

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

Petrolympic Dividend History

Petrolympic Dividend Yield

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

Petrolympic Financial Ratios

P/E ratio-5.85
PEG ratio0.26
P/B ratio-4.29
ROE66.92%
Payout ratio0.00%
Current ratio0.17
Quick ratio0.17
Cash Ratio0.17

Petrolympic Dividend FAQ

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