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

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

New Hope Price Performance

The company 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. 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. Investors of record on Tuesday, April 8th will be paid a $0.19 dividend. This represents a yield of 4.52%. The ex-dividend date of this dividend is Sunday, March 23rd. This is a boost from New Hope’s previous Interim dividend of $0.17. New Hope’s dividend payout ratio is currently 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.