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TRX Gold Corporation engages in the acquisition, financing, exploration, and development of mineral property interests in the United Republic of Tanzania. The company primarily explores for gold deposits. It holds interests in the Buckreef gold project located in north-central Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. TRX Gold Corporation was incorporated in 1990 and is based in Toronto, Canada.

TRX Gold Dividend Announcement

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

TRX Gold Dividend History

TRX Gold Dividend Yield

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

TRX Gold Financial Ratios

P/E ratio-90.76
PEG ratio-1.59
P/B ratio1.94
ROE-2.09%
Payout ratio0.00%
Current ratio0.74
Quick ratio0.44
Cash Ratio0.35

TRX Gold Dividend FAQ

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