New Hope Co. Limited (ASX:NHC) Insider Buys A$10,070.00 in Stock

New Hope Co. Limited (ASX:NHC) insider Thomas Millner purchased 2,500 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of A$4.03 ($2.53) per share, for a total transaction of A$10,070.00 ($6,333.33).

New Hope Stock Performance

The stock has a market capitalization of $3.79 billion, a PE ratio of 7.96, a P/E/G ratio of 0.16 and a beta of 0.20. The company has a current ratio of 2.05, a quick ratio of 2.43 and a debt-to-equity ratio of 14.66.

New Hope Increases Dividend

The business also recently disclosed a Interim dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.19 per share. This represents a yield of 4.52%. The ex-dividend date is Sunday, March 23rd. This is a positive change from New Hope’s previous Interim dividend of $0.17. New Hope’s dividend payout ratio (DPR) is 78.57%.

New Hope Company Profile

New Hope Corporation Limited explores for, 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 Other. The company holds interests in two open cut coal mines that produces thermal coal, which include the New Acland project located in Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales.