company-logo

Red Lake Gold Inc. acquires and explores for mineral properties in Canada. The company primarily explores for gold deposits. Its principal project is the Whirlwind Jack gold project comprising 1,042 mining claims covering an area of approximately 21,238 hectares located near Red Lake, Ontario. The company was formerly known as Pivit Exploration Inc. and changed its name to Red Lake Gold Inc. in July 2019. Red Lake Gold Inc. was incorporated in 2017 and is based in Vancouver, Canada.

Red Lake Gold Dividend Announcement

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

Red Lake Gold Dividend History

Red Lake Gold Dividend Yield

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

Red Lake Gold Financial Ratios

P/E ratio-5.25
PEG ratio-1.09
P/B ratio0.87
ROE-16.99%
Payout ratio0.00%
Current ratio6.71
Quick ratio6.71
Cash Ratio2.09

Red Lake Gold Dividend FAQ

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