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The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.

Singing Machine Dividend Announcement

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

Singing Machine Dividend History

Singing Machine Dividend Yield

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

Singing Machine Financial Ratios

P/E ratio-0.38
PEG ratio-0.16
P/B ratio-5.45
ROE-229.93%
Payout ratio0.00%
Current ratio1.30
Quick ratio0.54
Cash Ratio0.14

Singing Machine Dividend FAQ

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