Schmitt Industries, Inc.

OTCPK:SMIT Stock Report

Market Cap: US$104.9k

Schmitt Industries Dividends and Buybacks

Dividend criteria checks 0/6

Schmitt Industries does not have a record of paying a dividend.

Key information

n/a

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Seeking Alpha • Oct 20

Schmitt Industries GAAP EPS of -$0.86, revenue of $9.89M

Schmitt Industries press release (NASDAQ:SMIT): FY GAAP EPS of -$0.86. Revenue of $9.89M (+76.6% Y/Y).
Seeking Alpha • Sep 20

Schmitt receives non-compliance letter from Nasdaq

Schmitt Industries (NASDAQ:SMIT) said it had received written notice from Nasdaq Stock for not filing its annual report on Form 10-K for the fiscal year ended May 31 by September 13 as required for continued listing. Under Nasdaq rules, the Company has 60 calendar days, or until November 13, 2022, to submit to Nasdaq a plan to regain compliance with Nasdaq rules. If Nasdaq accepts the plan, the Company will have until February 27, 2023 to regain compliance. I t plans to file the Form 10-K in October.
Seeking Alpha • Jul 20

Schmitt Industries announces non-binding term sheet with Proton Green

Schmitt Industries (NASDAQ:SMIT) said Wednesday it entered into a non-binding term sheet, which contemplates a reverse merger with Proton Green and spin-off of SMIT's Ample Hills business. Proton Green would become a wholly-owned unit of SMIT. The combined firm would be renamed Proton and the stock would continue trading on Nasdaq under a new ticker. Proton shareholders would receive SMIT shares in the merger in exchange for shares held in Proton. The deal would include a spin-off of SMIT's Ample Hills business to pre-merger SMIT shareholders. The contemplated deal would give SMIT investors exposure to helium, hydrogen and clean energy industries, while allowing Proton to fund strategic initiatives. SMIT expects shareholders of Proton and SMIT would hold ~95% and ~5%, respectively, of the combined firm. The ratio could be subject to proportional dilution for any financing in connection with the deal's closing. Dilution could be impacted by SMIT's intent to transfer $10M to its Ample Hills unit in connection with the spin-off. There can be no assurance that a merger will be entered into.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if SMIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMIT's dividend payments have been increasing.

Dividend Yield vs Market

Schmitt Industries Dividend Yield vs Market
How does SMIT dividend yield compare to the market?
SegmentDividend Yield
Company (SMIT)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.3%
Industry Average (Electronic)0.7%
Analyst forecast (SMIT) (up to 3 years)n/a

Notable Dividend: Unable to evaluate SMIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SMIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate SMIT's payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SMIT has not reported any payouts.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 17:18
End of Day Share Price 2026/06/16 00:00
Earnings2022/05/31
Annual Earnings2022/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Schmitt Industries, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.