TRxADE HEALTH, Inc. operates as a health services IT company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement. It operates the TRxADE drug procurement marketplace, which fosters price transparency and serves approximately 11,800 members; and offers patient centric telehealth services under the Bonum Health brand name. The company was formerly known as Trxade Group, Inc. and changed its name to TRxADE HEALTH, Inc. in June 2021. TRxADE HEALTH, Inc. is based in Land O' Lakes, Florida.
TRxADE HEALTH Dividend Announcement
• TRxADE HEALTH announced a quarterly dividend of $1.50 per ordinary share which will be made payable on 2024-07-24. Ex dividend date: 2024-07-19
• TRxADE HEALTH annual dividend for 2024 was $17.50
• TRxADE HEALTH's trailing twelve-month (TTM) dividend yield is 230.57%
• TRxADE HEALTH's payout ratio for the trailing twelve months (TTM) is -49.66%
TRxADE HEALTH Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-19 | $1.50 | quarterly | 2024-07-24 |
2024-03-25 | $8.00 | quarterly | |
2024-03-15 | $8.00 | quarterly | 2024-03-22 |
TRxADE HEALTH Dividend per year
TRxADE HEALTH Dividend Yield
TRxADE HEALTH current trailing twelve-month (TTM) dividend yield is 230.57%. Interested in purchasing TRxADE HEALTH stock? Use our calculator to estimate your expected dividend yield:
TRxADE HEALTH Financial Ratios
TRxADE HEALTH Dividend FAQ
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.
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