Will Palantir Technologies Ever Pay A Dividend?

While dividends are our primary focus, we understand that focusing solely on this strategy naturally excludes a large section of the investment world due to a lack of a dividend. We understand that even the staunchest supporter of dividend growth investing might be tempted to look at stocks for their growth potential, even if the security isn’t yet paying a dividend.

With that in mind, we wanted to highlight Palantir Technologies (PLTR), one of the most recent initial public offerings to take place. Investors interested in the company may want to know if Palantir will ever pay a dividend to shareholders. This article will attempt to answer that question.

Business Overview

Palantir had its initial public offering on September 30, 2020. The first day of trading was slightly disappointing. The stock opened up at $10 before finishing the day at $9.50. However, the stock has performed quite well in the ensuing months, and shares of the company are up more than 172% from the opening price. Currently, Palantir has a market capitalization of almost $49 billion.

The company may have had its IPO recently, but Palantir was founded in 2003, in part by well-known venture capitalist Peter Thiel. Thiel has been the brains, money or both behind some of the technology sectors most successful endeavors, including Facebook (FB) and PayPal (PYPL).

Palantir is one of the leading providers of software platforms for the intelligence community. The company has two main projects. The Palantir Gotham platform can identify patterns hidden in datasets, which range from signals intelligence sources to reports with confidential informants. Gotham is used by counter-terrorism analysts within the U.S. Intelligence Community and U.S. Department of Defense. Palantir Foundry creates a central operating system for a company’s data which allows users to integrate and analyze data needed in one centrally located place.

Growth Prospects

The company’s platform can be used to address a wide variety of industries, ranging from defense to health care to food to energy. This doesn’t limit Palantir ability to attract customers to just a few areas of the economy. With a deep pool of potential customers, Palantir is no niche business.

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Disclosure: Sure Dividend is published as an information service. It includes opinions as to buying, selling and holding various stocks and other securities.

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