Tectona Ltd focuses on the digital asset, cryptographic currencies, and blockchain technology businesses. It intends to invest and trade in various facets of digital assets; and provide capital markets with access to various linked financial instruments. The company was formerly known as WhiteSmoke Software Ltd and changed its name to Tectona Ltd in July 2021. Tectona Ltd was incorporated in 1981 and is based in Ramat Gan, Israel.
Tectona Dividend Announcement
• Tectona announced a annually dividend of ₪0.48 per ordinary share which will be made payable on . Ex dividend date: 2014-04-09
• Tectona's trailing twelve-month (TTM) dividend yield is -%
Tectona Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2014-04-09 | ₪0.48 | annually |
Tectona Dividend per year
Tectona Dividend Yield
Tectona current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Tectona stock? Use our calculator to estimate your expected dividend yield:
Tectona Financial Ratios
P/E ratio210.99
PEG ratio790.48
P/B ratio17.95
ROE8.83%
Payout ratio0.00%
Current ratio6.44
Quick ratio6.44
Cash Ratio4.74
Tectona Dividend FAQ
Does Tectona stock pay dividends?
Tectona does not currently pay dividends to its shareholders.
Has Tectona ever paid a dividend?
No, Tectona has no a history of paying dividends to its shareholders. Tectona is not known for its dividend payments.
Why doesn't Tectona pay dividends?
There are several potential reasons why Tectona 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.
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 Tectona 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 Tectona 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 Tectona a dividend aristocrat?
Tectona 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 Tectona a dividend king?
Tectona 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 Tectona a dividend stock?
No, Tectona 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 Tectona stocks?
To buy Tectona 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 Tectona 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.
Place an order: Use the brokerage's trading platform to place an order to buy Tectona 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.