RE:Has this stock paid dividend and will it pay it at the near
GoldOilInvestor asked "Does anyone here know why it is not paying a dividend."
The decision to declare a dividend to shareholders or buy back shares from excess cash flow is made by the board of directors. Only they know.
"Has this stock paid dividend and will it pay it at the near?"
We all have a different definition of "near".
A few months ago, TVE announced the acquisition of Anegada Oil for $494,000,000 made of $247,500,000 cash (that money had to be borrowed) and the issuance of 105,000,000 new shares. The deal was closed at the end of May 2021.
While current cash flow is great with oil trading at US$70 or so, the board will most likely consider using the excess cash to reduce the debt outstanding before initiating a dividend. If a dividend is declared later this year, I expect it will be relatively small at that time.
Considering that 105,300,000 shares issued to the previous owners of Anegado may come on the market later this year, it would not surprise me if efforts are concentrated in buying back shares instead of issuing a dividend.
Time will tell.
Either way (reduction of debt, buyback of shares or dividend) it is all good for TVE shareholders looking at TVE as an investment, not a trading vehicle.
Patience will be rewarded.