New Hope Co. Limited (ASX:NHC) Declares Final Dividend of $0.09
New Hope Co. Limited (ASX:NHC) announced a final dividend on Wednesday, September 18th, MarketIndexAU reports. Investors of record on Tuesday, November 5th will be given a dividend of 0.09 per share on Tuesday, November 5th. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, October 21st.
Shares of NHC stock traded up A$0.07 ($0.05) on Wednesday, hitting A$2.52 ($1.79). 3,795,613 shares of the stock traded hands, compared to its average volume of 316,972. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.26 and a quick ratio of 0.83. The company has a market capitalization of $2.09 billion and a PE ratio of 13.62. New Hope has a 1-year low of A$2.09 ($1.48) and a 1-year high of A$4.50 ($3.19). The company’s fifty day moving average is A$2.42 and its 200 day moving average is A$2.94.
In related news, insider Shane Stephan bought 237,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of A$2.16 ($1.53) per share, with a total value of A$513,000.00 ($363,829.79).
New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal mining in New South Wales, and Oil and Gas. The company has interests in two open cut coal mines in South East Queensland that produce thermal coal, including the New Acland project, which is located in north-west of Oakey, Queensland; and the Jeebropilly coal mine located in the West Moreton region near Ipswich.
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