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SOCO Corporation Ltd operates as an information technology services consultancy in Australia. The company offers services in the areas of advisory and consulting, enablement services, digital strategy and architecture, licensing, and project delivery for public and private sector organizations. It primarily serves markets, including federal government, further and higher education, local and state government, engineering and resources, and not-for-profits. The company was founded in 2013 and is headquartered in Brisbane, Australia.

SOCO Dividend Announcement

• SOCO announced a annually dividend of A$0.01 per ordinary share which will be made payable on 2023-10-04. Ex dividend date: 2023-09-01
• SOCO's trailing twelve-month (TTM) dividend yield is -%
• SOCO's payout ratio for the trailing twelve months (TTM) is -241.79%

SOCO Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-09-01A$0.01annually2023-10-04

SOCO Dividend per year

SOCO Dividend Yield

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

SOCO Financial Ratios

P/E ratio-45.15
PEG ratio2.93
P/B ratio1.42
ROE-3.47%
Payout ratio-241.79%
Current ratio1.19
Quick ratio1.16
Cash Ratio0.50

SOCO Dividend FAQ

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