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Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores for nickel, copper, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank project comprising exploration licence E39/2132 and exploration licence applications E39/2223 and E39/2299, covering an area approximately 395 square kilometers located in the east-northeast of Yilgarn Craton, Western Australia. The company project portfolio includes the Jasper Hill project consisting of exploration licences E39/2073, E39/2079 and prospecting licence application P39/6267, covering an area of 71.4 square kilometers; and the Rock of Ages Project comprises prospecting licence covering an area of 9.71 hectares located in southeast of Laverton. In addition, it holds interest in the Melita Project consisting of exploration licence covering an area of approximately 105 square kilometers; the Pavarotti Project comprises exploration licence E77/2478 and exploration licence application E77/2746 covering surface of 12.8 square kilometers; the Pinyalling Project comprises exploration licence application covering an area of 55 square kilometers; the Youanmi Project consists of exploration licence E57/1119 and prospecting licence P57/1450 covering an area of 12 square kilometers; and the Broken Hill Bore Project comprises exploration licence covering an area of 2.6 square kilometers located in Yilgarn Craton, Western Australia. The company was incorporated in 2020 and is based in West Perth, Australia.

Western Mines Dividend Announcement

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

Western Mines Dividend History

Western Mines Dividend Yield

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

Western Mines Financial Ratios

P/E ratio-9.31
PEG ratio-2.12
P/B ratio1.33
ROE-14.84%
Payout ratio0.00%
Current ratio1.18
Quick ratio1.18
Cash Ratio1.02

Western Mines Dividend FAQ

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