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Prom Resources, Inc. engages in the exploration and extraction of gold ores, corundum, and beryl materials at various mining and exploration perimeters in Madagascar. It sells its extracted material through agreements in place with various third party companies. The company was formerly known as American Benefits Group, Inc. and changed its name to Prom Resources, Inc. in October 2006. Prom Resources, Inc. was incorporated in 1996 and is based in Orlando, Florida.

Prom Resources Dividend Announcement

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

Prom Resources Dividend History

Prom Resources Dividend Yield

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

Prom Resources Financial Ratios

P/E ratio528.48
PEG ratio5.28
P/B ratio-175.55
ROE-33.40%
Payout ratio0.00%
Current ratio0.86
Quick ratio0.86
Cash Ratio0.00

Prom Resources Dividend FAQ

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