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Robit Oyj engages in manufacture and sale of drilling consumables for applications in mining, quarrying, construction, and well drilling industries in Finland. It provides top hammer, down the hole, and geotechnical products. The company's products include button bits; overburden drilling bits; reaming equipment, including reamers, adapters, dome reamers; rods, which include standard mm rods, fully carburized mm rods, and drifter rods; shanks; couplings sleeves and adapters, and roxes, as well as hyper hammers and spare parts, shock absorbers and spare parts, DTH bits, DTH drill pipes. It also provides subs, including adapters, and check valves; single-use and solitary ring system for down the hole hammer; prime system for down the hole hammer; and rotary drill bits, and drag bits. Robit Oyj was founded in 1985 and is based in Lempäälä, Finland.

Robit Dividend Announcement

• Robit announced a annually dividend of €0.02 per ordinary share which will be made payable on 2023-09-29. Ex dividend date: 2023-09-21
• Robit annual dividend for 2023 was €0.02
• Robit's trailing twelve-month (TTM) dividend yield is -%
• Robit's payout ratio for the trailing twelve months (TTM) is 89.82%

Robit Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-09-21€0.02annually2023-09-29
2020-03-26€0.03annually
2018-03-29€0.10annually2018-04-10
2017-03-29€0.10annually2017-04-06
2016-03-21€0.04annually

Robit Dividend per year

Robit Dividend growth

Robit Dividend Yield

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

Robit Financial Ratios

P/E ratio70.17
PEG ratio0.70
P/B ratio0.73
ROE1.07%
Payout ratio89.82%
Current ratio2.95
Quick ratio1.45
Cash Ratio0.56

Robit Dividend FAQ

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