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Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery. The company produces flower, edible, vaporizer cartridge, concentrate, topical, capsule, tincture, dissolvable powder, and nasal spray products under the Avenue, Cultivar Collection, Muse, Modern Flower, Alchemy, Momenta, Sweet Talk, Co2lors, Loveli, and Roll One brands. As of March 16, 2022, it operated 162 dispensaries, which included 113 dispensaries in Florida, 19 affiliated dispensaries in Pennsylvania, 17 dispensaries in Arizona, five dispensaries in California, three dispensaries in Maryland, two dispensaries in Massachusetts, two dispensaries in West Virginia, and one dispensary in Connecticut. Trulieve Cannabis Corp. also operated cultivation and processing facilities in Arizona, Colorado, Florida, Maryland, Massachusetts, Nevada, Pennsylvania, and West Virginia. The company was formerly known as Schyan Exploration Inc./Exploration Schyan Inc. and changed its name to Trulieve Cannabis Corp. in September 2018. Trulieve Cannabis Corp. was incorporated in 1940 and is headquartered in Quincy, Florida.

Trulieve Cannabis Dividend Announcement

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

Trulieve Cannabis Dividend History

Trulieve Cannabis Dividend Yield

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

Trulieve Cannabis Financial Ratios

P/E ratio-22.93
PEG ratio0.34
P/B ratio1.75
ROE-7.49%
Payout ratio-1.03%
Current ratio5.10
Quick ratio3.42
Cash Ratio2.88

Trulieve Cannabis Dividend FAQ

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