Table of Contents

company-logo

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection. It also offers AR550 high speed laser sensor for application in vibration measurements, scanning of roads, vehicle crash tests, and ballistic measurements; AS2100, an accurate distance sensor, used in metal production, transportation industry, process control, and fill level measurement applications; and satellite focused remote tank monitoring products under the Xact brand that measure the fill levels of tanks holding propane, diesel, and other tank-based liquids, as well as related monitoring services, including transmission of fill data from the tanks via satellite to a secure website for display. The Ice Cream segment manufactures, wholesales, and retails ice creams and ice cream cakes, as well as sells through its website; and serves ice cream at catering events and holds various community-building events comprising ice cream classes, and live comedy and music performances through Ample Hills Creamery brand. Schmitt Industries, Inc. was founded in 1984 and is headquartered in Portland, Oregon.

Schmitt Industries Dividend Announcement

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

Schmitt Industries Dividend History

Schmitt Industries Dividend Yield

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

Schmitt Industries Financial Ratios

P/E ratio-0.02
PEG ratio0.00
P/B ratio0.13
ROE-169.56%
Payout ratio0.00%
Current ratio0.69
Quick ratio0.44
Cash Ratio0.18

Schmitt Industries Dividend FAQ

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