Table of Contents

company-logo

Xstate Resources Limited, together with its subsidiaries, engages in the exploration and production of oil and natural gas properties in the United States. The company holds a 25% working interest (WI) in Red Earth and 35% WI in Alberta Plains located in Canada; 20% WI in Anshof-3 exploration well located in Austria; and 33.33% WI in Borba Natural Gas Prospect Drilling located in California, as well as has various WIs between 10% and 30% in oil and gas leases in Sacramento Basin, California. It also has an 12% interest in the King Brown gold tenement. The company was incorporated in 1987 and is based in Fremantle, Australia.

Xstate Resources Dividend Announcement

• Xstate Resources announced a annually dividend of A$0.00 per ordinary share which will be made payable on 1997-05-23. Ex dividend date: 1997-04-24
• Xstate Resources's trailing twelve-month (TTM) dividend yield is -%

Xstate Resources Dividend History

Ex-Div dateDividend amountDividend typePay date
1997-04-24A$0.00annually1997-05-23
1996-05-09A$0.00annually1996-05-31

Xstate Resources Dividend per year

Xstate Resources Dividend Yield

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

Xstate Resources Financial Ratios

P/E ratio2.07
PEG ratio0.02
P/B ratio1.32
ROE113.44%
Payout ratio0.00%
Current ratio1.15
Quick ratio1.06
Cash Ratio1.03

Xstate Resources Dividend FAQ

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