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Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.

Worksport Dividend Announcement

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

Worksport Dividend History

Worksport Dividend Yield

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

Worksport Financial Ratios

P/E ratio-1.16
PEG ratio-0.05
P/B ratio0.93
ROE-84.45%
Payout ratio0.00%
Current ratio4.77
Quick ratio1.93
Cash Ratio1.52

Worksport Dividend FAQ

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