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Progressive Care, Inc., through its subsidiary, Pharmco, LLC, provides prescription pharmaceuticals to individuals and institutions in south Florida. The company operates a retail pharmacy that specializes in the sale of anti-retroviral medications and related patient care management; the sale and rental of durable medical equipment (DME), such as hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories; and the supply of various prescription medications to long term care facilities. It also provides long term care solutions to skilled nursing facilities, assisted living facilities, retirement centers and communities, doctors' offices, and clinics. In addition, the company purchases, repackages, and dispenses prescription and non-prescription pharmaceutical products for its long term care customers. Further, it offers computerized maintenance of patient prescription histories; third party billing; consultant pharmacist services consisting of evaluation of monthly patient drug therapy and monitoring the institution's drug distribution system, as well as home service and maintenance, defective product replacements, and free home installation and instruction services; and data analytics services to support health care organizations. Progressive Care, Inc. was founded in 2005 and is based in Hallandale Beach, Florida.

Progressive Care Dividend Announcement

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

Progressive Care Dividend History

Progressive Care Dividend Yield

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

Progressive Care Financial Ratios

P/E ratio-0.54
PEG ratio-0.07
P/B ratio0.78
ROE-100.17%
Payout ratio0.00%
Current ratio2.01
Quick ratio1.79
Cash Ratio0.80

Progressive Care Dividend FAQ

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