New Hope Co. Limited (ASX:NHC) Insider Buys A$306,075.00 in Stock

New Hope Co. Limited (ASX:NHC) insider Robert Millner bought 75,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of A$4.08 ($2.57) per share, for a total transaction of A$306,075.00 ($192,500.00).

New Hope Stock Performance

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

New Hope Increases Dividend

The company also recently announced 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 is a boost from New Hope’s previous Interim dividend of $0.17. The ex-dividend date of this dividend is Sunday, March 23rd. This represents a yield of 4.52%. New Hope’s dividend payout ratio (DPR) is presently 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.