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Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, including platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants located in the Eastern and Western Limb of the Bushveld Igneous Complex; and various mineral asset development projects, including Volspruit and Northern Limb projects located on the Northern Limb of the Bushveld Igneous Complex located in South Africa. The company was incorporated in 2010 and is based in Hamilton, Bermuda.

Sylvania Platinum Dividend Announcement

• Sylvania Platinum announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-10-31
• Sylvania Platinum annual dividend for 2024 was $0.04
• Sylvania Platinum annual dividend for 2023 was $0.10
• Sylvania Platinum's trailing twelve-month (TTM) dividend yield is 5.94%
• Sylvania Platinum's payout ratio for the trailing twelve months (TTM) is 334.54%

Sylvania Platinum Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-31$0.01quarterly2024-12-06
2024-05-09$0.01quarterly2024-06-07
2024-02-29$0.01quarterly2024-04-05
2023-10-26$0.06quarterly2023-12-01
2023-03-02$0.04quarterly2023-04-06

Sylvania Platinum Dividend per year

Sylvania Platinum Dividend Yield

Sylvania Platinum current trailing twelve-month (TTM) dividend yield is 5.94%. Interested in purchasing Sylvania Platinum stock? Use our calculator to estimate your expected dividend yield:

Sylvania Platinum Financial Ratios

P/E ratio24.17
PEG ratio-0.48
P/B ratio0.64
ROE2.94%
Payout ratio334.54%
Current ratio9.94
Quick ratio9.54
Cash Ratio6.94

Sylvania Platinum Dividend FAQ

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