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Polwax S.A. produces and distributes refined and deodorized paraffin, waxes, and specialty industrial paraffin compositions. The company also offers anti-corrosion agents, anti-caking agents, casting waxes, hot-melt adhesives, and other industrial products, as well as candles and grave lights. Its products are used in fertilizer, rubber, food, and paper and packaging industries; the production of varnishes, paints, and construction materials; and the manufacture of wood impregnations, explosives, candles, and grave lights, as well as in investment casting and wood processing activities, and other special applications. Polwax S.A. was incorporated in 2012 and is based in Jaslo, Poland.

Polwax Dividend Announcement

Polwax announced a annually dividend of zł0.20 per ordinary share which will be made payable on 2023-07-23. Ex dividend date: 2023-06-02
Polwax annual dividend for 2023 was zł0.20
Polwax's trailing twelve-month (TTM) dividend yield is -%
Polwax's payout ratio for the trailing twelve months (TTM) is -12.42%

Polwax Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-06-02zł0.20annually2023-07-23
2022-07-07zł0.08annually2022-07-23

Polwax Dividend per year

Polwax Dividend Yield

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

Polwax Financial Ratios

P/E ratio-0.87
PEG ratio-0.01
P/B ratio1.33
ROE-90.27%
Payout ratio-12.42%
Current ratio1.60
Quick ratio0.52
Cash Ratio0.04

Polwax Dividend FAQ

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