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ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.

ToughBuilt Industries Dividend Announcement

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

ToughBuilt Industries Dividend History

ToughBuilt Industries Dividend Yield

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

ToughBuilt Industries Financial Ratios

P/E ratio-0.07
PEG ratio0.00
P/B ratio0.16
ROE-161.35%
Payout ratio0.00%
Current ratio0.74
Quick ratio0.21
Cash Ratio0.03

ToughBuilt Industries Dividend FAQ

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