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Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment. The company's products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. It markets and distributes its products through independent distributors and sales representatives. The company was incorporated in 1975 and is based in Milton, New York.

Sono-Tek Dividend Announcement

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

Sono-Tek Dividend History

Sono-Tek Dividend Yield

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

Sono-Tek Financial Ratios

P/E ratio45.56
PEG ratio6.83
P/B ratio4.06
ROE9.19%
Payout ratio0.00%
Current ratio3.33
Quick ratio2.46
Cash Ratio1.05

Sono-Tek Dividend FAQ

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