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Xtract Resources Plc, together with its subsidiaries, operates as a resource, development, and mining company. The company primarily explores for gold and copper deposits. It holds 100% interest in the Manica gold project located in the Odzi-Mutare-Manica Greenstone belt in Mozambique; the Bushranger copper-gold project that comprises four exploration licenses totaling 501km2 and located in eastern central New South Wales, Australia; the Eureka copper-gold project comprising 345 hectares located in west of the Zambian Copperbelt district; and the Kalengwa copper project located in the North-western province of Zambia. The company was formerly known as Xtract Energy PLC and changed its name to Xtract Resources Plc in June 2013. Xtract Resources Plc was incorporated in 2004 and is based in London, the United Kingdom.

Xtract Resources Dividend Announcement

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

Xtract Resources Dividend History

Xtract Resources Dividend Yield

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

Xtract Resources Financial Ratios

P/E ratio16.64
PEG ratio-49.93
P/B ratio0.39
ROE2.33%
Payout ratio0.00%
Current ratio7.07
Quick ratio7.07
Cash Ratio3.18

Xtract Resources Dividend FAQ

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