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Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for gold, copper, and zinc deposits. The company holds a 100% interest in the Great Burnt copper-gold property located in central Newfoundland. It also holds an option to acquire interests in the Nora Lake gold property situated in Ontario; and the Viking/Kramer gold properties located in Western Newfoundland, as well as interest in the petroleum and natural gas rights covering an area of 793 hectares located in the Unity area of southwestern Saskatchewan. The company was incorporated in 1989 and is headquartered in Puslinch, Canada.

Spruce Ridge Resources Dividend Announcement

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

Spruce Ridge Resources Dividend History

Spruce Ridge Resources Dividend Yield

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

Spruce Ridge Resources Financial Ratios

P/E ratio-33.21
PEG ratio0.20
P/B ratio0.62
ROE-1.94%
Payout ratio0.00%
Current ratio57.08
Quick ratio56.73
Cash Ratio1.05

Spruce Ridge Resources Dividend FAQ

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