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RITEK Corporation manufactures and markets optical storage media products in Taiwan, the United States, rest of Asia, Europe, and internationally. The company offers storage media product lines, including optical storage media comprising CDs, DVDs, and Blu-ray discs; electronic storage media, which include flash memory cards, USB flash drives, portable hard disc drives, solid state drives, and others. It also provides solar modules comprising mono and poly-crystalline solar modules; and integrating solar systems; OLED display panels, ITO glasses, and patterned sapphire substrate solutions; metal masks; and biological detection discs. In addition, the company engages in organic light emitting diode, conductive glass, and battery manufacturing and trading; lighting equipment manufacturing; venture capital investment; property development and trading; micro bubble system manufacturing and sale; and electronic parts and components manufacturing businesses, as well as offers silicone chemicals, concrete waterproofing, DIY repairs, home cleaning/personal care products, plastic precision injection products, and management consulting services. RITEK Corporation was founded in 1957 and is headquartered in Hsinchu City, Taiwan.

RITEK Dividend Announcement

• RITEK announced a annually dividend of NT$0.25 per ordinary share which will be made payable on . Ex dividend date: 2004-08-10
• RITEK's trailing twelve-month (TTM) dividend yield is -%

RITEK Dividend History

Ex-Div dateDividend amountDividend typePay date
2004-08-10NT$0.25annually
2002-07-19NT$0.10annually
2001-07-13NT$0.38annually

RITEK Dividend per year

RITEK Dividend Yield

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

RITEK Financial Ratios

P/E ratio-44.38
PEG ratio-562.67
P/B ratio2.03
ROE-4.60%
Payout ratio0.00%
Current ratio1.59
Quick ratio1.31
Cash Ratio0.82

RITEK Dividend FAQ

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