New Hope Co. Limited Declares Final Dividend of $0.09 (ASX:NHC)

New Hope Co. Limited (ASX:NHC) announced a final dividend on Wednesday, September 18th, MarketIndexAU reports. Stockholders of record on Tuesday, November 5th will be paid 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 ASX:NHC traded up A$0.04 ($0.03) during midday trading on Friday, hitting A$2.24 ($1.59). The company’s stock had a trading volume of 1,645,981 shares, compared to its average volume of 316,972. The business’s 50 day simple moving average is A$2.29 and its 200 day simple moving average is A$2.74. The company has a market cap of $1.86 billion and a P/E ratio of 8.85. New Hope has a 12-month low of A$2.09 ($1.48) and a 12-month high of A$4.50 ($3.19). The company has a debt-to-equity ratio of 18.40, a quick ratio of 0.74 and a current ratio of 1.23.

In related news, insider Shane Stephan purchased 237,500 shares of New Hope stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of A$2.16 ($1.53) per share, with a total value of A$513,000.00 ($363,829.79).

About New Hope

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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