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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 semi annually 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 $9.50
• TRxADE HEALTH's trailing twelve-month (TTM) dividend yield is 125.16%
• TRxADE HEALTH's payout ratio for the trailing twelve months (TTM) is -49.66%

TRxADE HEALTH Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-19$1.50semi annually2024-07-24
2024-03-25$8.00semi annually

TRxADE HEALTH Dividend per year

TRxADE HEALTH Dividend Yield

TRxADE HEALTH current trailing twelve-month (TTM) dividend yield is 125.16%. Interested in purchasing TRxADE HEALTH stock? Use our calculator to estimate your expected dividend yield:

TRxADE HEALTH Financial Ratios

P/E ratio-0.42
PEG ratio0.00
P/B ratio0.91
ROE-272.11%
Payout ratio-49.66%
Current ratio4.16
Quick ratio4.16
Cash Ratio2.66

TRxADE HEALTH Dividend FAQ

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