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Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company owns an 85.75% working interest in the approximately 9,300-acre South Salinas project located in Monterey, California. It also holds an option to acquire a 100% working interest in the Union Avenue Field located in Bakersfield, California. The company was incorporated in 2021 and is headquartered in Bakersfield, California.

Trio Petroleum Dividend Announcement

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

Trio Petroleum Dividend History

Trio Petroleum Dividend Yield

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

Trio Petroleum Financial Ratios

P/E ratio-5.93
PEG ratio0.80
P/B ratio6.80
ROE-101.08%
Payout ratio0.00%
Current ratio0.17
Quick ratio0.17
Cash Ratio0.08

Trio Petroleum Dividend FAQ

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