Novo Resources (ASX:NVO) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Novo Resources Dividend Payout Ratio?

Novo Resources's dividend payout ratio for the months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Novo Resources's Dividend Payout Ratio or its related term are showing as below:

ASX:NVO's Dividend Payout Ratio is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.43
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2024-06-05), the Dividend Yield % of Novo Resources is 0.00%.

Novo Resources's Dividends per Share for the months ended in Mar. 2024 was A$0.00.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Novo Resources Dividend Payout Ratio Historical Data

The historical data trend for Novo Resources's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novo Resources Dividend Payout Ratio Chart

Novo Resources Annual Data

Trend

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Dividend Payout Ratio

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Novo Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Novo Resources's Dividend Payout Ratio

For the Gold subindustry, Novo Resources's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novo Resources's Dividend Payout Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novo Resources's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Novo Resources's Dividend Payout Ratio falls into.

Novo Resources Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Novo Resources's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0	/	-0.148
	=	N/A

Novo Resources's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0	/	-0.011
	=	N/A

Novo Resources (ASX:NVO) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Novo Resources Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Novo Resources's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Novo Resources (ASX:NVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (ASX:NVO) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Canada

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.