Thomas Millner Buys 2,500 Shares of New Hope Co. Limited (ASX:NHC) 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 stock was purchased at an average cost of A$4.03 ($2.53) per share, with a total value of A$10,070.00 ($6,333.33).

New Hope Price Performance

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

New Hope Increases Dividend

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

About New Hope

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.