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Steer Technologies Inc. operates an integrated ESG technology platform that offers subscription and on-demand services. The company provides STEER EV, a subscription-based offering led by its flagship electric vehicle subscription business; and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service, and rideshare businesses. The company was formerly known as Facedrive Inc. and changed its name to Steer Technologies Inc. in October 2022. The company was incorporated in 2016 and is headquartered in Scarborough, Canada.

Steer Technologies Dividend Announcement

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

Steer Technologies Dividend History

Steer Technologies Dividend Yield

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

Steer Technologies Financial Ratios

P/E ratio-1.22
PEG ratio-0.01
P/B ratio21.12
ROE-251.97%
Payout ratio0.00%
Current ratio0.16
Quick ratio0.15
Cash Ratio0.11

Steer Technologies Dividend FAQ

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