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Vitura Health Limited engages in the sale and distribution of medicinal cannabis products in Australia and Asia. Its brands include CanView, Burleigh Heads Cannabis, CDA Clinics, Cannadoc, and Adaya. The company was formerly known as Cronos Australia Limited and changed its name to Vitura Health Limited in February 2023. The company was incorporated in 2018 and is based in South Yarra, Australia.

Vitura Health Dividend Announcement

Vitura Health announced a annually dividend of A$0.01 per ordinary share which will be made payable on 2023-09-28. Ex dividend date: 2023-09-04
Vitura Health annual dividend for 2023 was A$0.01
Vitura Health's trailing twelve-month (TTM) dividend yield is -%
Vitura Health's payout ratio for the trailing twelve months (TTM) is 158.48%

Vitura Health Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-09-04A$0.01annually2023-09-28
2022-09-16A$0.01annually2022-10-11

Vitura Health Dividend per year

Vitura Health Dividend Yield

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

Vitura Health Financial Ratios

P/E ratio11.04
PEG ratio0.34
P/B ratio1.47
ROE13.19%
Payout ratio158.48%
Current ratio1.33
Quick ratio1.11
Cash Ratio0.49

Vitura Health Dividend FAQ

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