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Turnstone Biologics Corp., a clinical stage biotechnology company, focuses on developing medicines to treat and cure patients with solid tumors. The company's lead product includes TIDAL-01 that is in Phase 1 clinical trials for the treatment of breast cancer, colorectal cancer, and uveal melanoma, as well as an investigator sponsored trial to treat cutaneous and non-cutaneous melanomas. It is also developing TIDAL-02, which is in preclinical development for the treatment of solid tumors. The company was founded in 2014 and is based in LA Jolla, California.

Turnstone Biologics Dividend Announcement

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

Turnstone Biologics Dividend History

Turnstone Biologics Dividend Yield

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

Turnstone Biologics Financial Ratios

P/E ratio-0.16
PEG ratio-0.00
P/B ratio0.20
ROE-84.81%
Payout ratio0.00%
Current ratio4.38
Quick ratio4.38
Cash Ratio1.12

Turnstone Biologics Dividend FAQ

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