Table of Contents

company-logo

Solitron Devices, Inc. designs, develops, manufactures, and markets solid-state semiconductor components and related devices primarily for the military and aerospace markets. The company offers various bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field effect transistors, field effect transistors, and other related products. It also provides joint army/navy transistors, diodes, and standard military drawings voltage regulators. The company's semiconductor products are used as components of military, commercial, and aerospace electronic equipment, such as ground and airborne radar systems, power distribution systems, missiles, missile control systems, satellites, and space applications, as well as for non-military, scientific, and industrial applications. It operates in the United States, Canada, Latin America, the Far East, and the Middle East. The company was incorporated in 1959 and is headquartered in West Palm Beach, Florida.

Solitron Devices Dividend Announcement

• Solitron Devices announced a annually dividend of $0.25 per ordinary share which will be made payable on 2015-07-22. Ex dividend date: 2015-06-25
• Solitron Devices's trailing twelve-month (TTM) dividend yield is -%

Solitron Devices Dividend History

Ex-Div dateDividend amountDividend typePay date
2015-06-25$0.25annually2015-07-22
2014-06-05$0.05annually

Solitron Devices Dividend per year

Solitron Devices Dividend Yield

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

Solitron Devices Financial Ratios

P/E ratio5.09
PEG ratio-0.80
P/B ratio1.84
ROE40.00%
Payout ratio0.00%
Current ratio4.12
Quick ratio2.57
Cash Ratio1.21

Solitron Devices Dividend FAQ

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