Prospect Resources Limited engages in the exploration, evaluation, and development of mineral resources in Zimbabwe. The company primarily explores for lithium deposits. Its flagship project is the Arcadia lithium project that covers an area of approximately 10 square kilometers of granted mining lease located to the east of Harare, Zimbabwe. The company was incorporated in 2007 and is headquartered in West Perth, Australia.
Prospect Resources Dividend Announcement
• Prospect Resources announced a semi annually dividend of A$0.79 per ordinary share which will be made payable on 2022-08-04. Ex dividend date: 2022-07-27
• Prospect Resources's trailing twelve-month (TTM) dividend yield is -%
Prospect Resources Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2022-07-27 | A$0.79 | semi annually | 2022-08-04 |
| 2022-07-21 | A$0.77 | semi annually |
Prospect Resources Dividend per year
Prospect Resources Dividend Yield
Prospect Resources current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Prospect Resources stock? Use our calculator to estimate your expected dividend yield:
Prospect Resources Financial Ratios
P/E ratio-6.38
PEG ratio-0.06
P/B ratio1.70
ROE-26.73%
Payout ratio0.00%
Current ratio12.21
Quick ratio12.21
Cash Ratio8.10
Prospect Resources Dividend FAQ
Does Prospect Resources stock pay dividends?
Prospect Resources does not currently pay dividends to its shareholders.
Has Prospect Resources ever paid a dividend?
No, Prospect Resources has no a history of paying dividends to its shareholders. Prospect Resources is not known for its dividend payments.
Why doesn't Prospect Resources pay dividends?
There are several potential reasons why Prospect 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.
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 Prospect 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 Prospect 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 Prospect Resources a dividend aristocrat?
Prospect 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 Prospect Resources a dividend king?
Prospect 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 Prospect Resources a dividend stock?
No, Prospect 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 Prospect Resources stocks?
To buy Prospect 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 Prospect 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.
Place an order: Use the brokerage's trading platform to place an order to buy Prospect 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.