Thomas Millner Acquires 2,500 Shares of New Hope Co. Limited (ASX:NHC) Stock

New Hope Co. Limited (ASX:NHC) insider Thomas Millner bought 2,500 shares of the firm’s 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 P/E ratio of 7.96, a price-to-earnings-growth 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 announced a Interim dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.19 per share. This is an increase from New Hope’s previous Interim dividend of $0.17. The ex-dividend date of this dividend is Sunday, March 23rd. This represents a dividend yield of 4.52%. New Hope’s payout ratio is presently 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.