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Ultra Lithium Inc., a mineral exploration company, focuses on the development of advanced lithium and gold projects in Argentina, Canada, and the United States. It holds two types of lithium projects and 16 gold mining and exploration licences. The company focuses on Laguna Verde I Brine lithium property and Laguna Verde II Brine lithium property located in Argentina; and 13 gold mining licenses and three gold exploration licences situated in the Chepes area, Argentina, as well as Georgia Lake Pegmatites lithium project and Forgan Lake Pegmatites lithium project located in Ontario, Canada. The company was formerly known as Ultra Resources Inc. and changed its name to Ultra Lithium Inc. in January 2022. Ultra Lithium Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.

Ultra Lithium Dividend Announcement

Ultra Lithium announced a annually dividend of C$0.00 per ordinary share which will be made payable on 2015-08-17. Ex dividend date: 2015-07-29
Ultra Lithium's trailing twelve-month (TTM) dividend yield is -%

Ultra Lithium Dividend History

Ex-Div dateDividend amountDividend typePay date
2015-07-29C$0.00annually2015-08-17

Ultra Lithium Dividend per year

Ultra Lithium Dividend Yield

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

Ultra Lithium Financial Ratios

P/E ratio-1.38
PEG ratio-0.02
P/B ratio0.28
ROE-20.11%
Payout ratio0.00%
Current ratio0.07
Quick ratio0.07
Cash Ratio0.03

Ultra Lithium Dividend FAQ

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