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PhoneX Holdings, Inc. operates as a market maker of used smartphones. The company acquires products from individual consumers through its uSell.com Website, as well as from various carriers, big box retailers, and manufacturers through its subsidiary, We Sell Cellular. It sells its devices to professional buyers, such as brick and mortar retailers, online retailers, large and small wholesalers, small repair shops, large refurbishing providers, and insurance companies, as well as directly to consumers through third party e-commerce platforms. The company was formerly known as usell.com, Inc. and changed its name to PhoneX Holdings, Inc. in May 2019. PhoneX Holdings, Inc. was incorporated in 2003 and is headquartered in New York, New York.

PhoneX Dividend Announcement

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

PhoneX Dividend History

PhoneX Dividend Yield

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

PhoneX Financial Ratios

P/E ratio6.76
PEG ratio0.07
P/B ratio1.75
ROE28.20%
Payout ratio0.00%
Current ratio8.47
Quick ratio4.54
Cash Ratio2.88

PhoneX Dividend FAQ

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