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Westgold Resources Limited engages in the exploration, operation, development, mining, and treatment of gold assets primarily in Western Australia. The company's assets include Bryah Operations, Murchison Operations, Meekatharra Gold Operations, and Cue Gold Operations that comprise approximately 350 mining titles covering 1,300 square kilometers in the Central Murchison region. It also provides contract mining services. Westgold Resources Limited is based in Perth, Australia.

Westgold Resources Dividend Announcement

• Westgold Resources announced a semi annually dividend of A$0.01 per ordinary share which will be made payable on 2024-10-11. Ex dividend date: 2024-07-11
• Westgold Resources annual dividend for 2024 was A$0.02
• Westgold Resources's trailing twelve-month (TTM) dividend yield is 0.74%
• Westgold Resources's payout ratio for the trailing twelve months (TTM) is 4.97%

Westgold Resources Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-11A$0.01semi annually2024-10-11
2024-03-27A$0.01semi annually2024-04-12
2021-09-30A$0.02semi annually2021-10-15

Westgold Resources Dividend per year

Westgold Resources Dividend Yield

Westgold Resources current trailing twelve-month (TTM) dividend yield is 0.74%. Interested in purchasing Westgold Resources stock? Use our calculator to estimate your expected dividend yield:

Westgold Resources Financial Ratios

P/E ratio15.12
PEG ratio0.15
P/B ratio2.08
ROE14.27%
Payout ratio4.97%
Current ratio1.74
Quick ratio1.36
Cash Ratio1.27

Westgold Resources Dividend FAQ

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