Insider Buying: New Hope Co. Limited (ASX:NHC) Insider Buys 2,500 Shares of Stock

New Hope Co. Limited (ASX:NHC) insider Thomas Millner purchased 2,500 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average price 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 company has a current ratio of 2.05, a quick ratio of 2.43 and a debt-to-equity ratio of 14.66. The firm has a market capitalization of $3.79 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.16 and a beta of 0.20.

New Hope Increases Dividend

The company also recently declared 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 represents a yield of 4.52%. 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. New Hope’s dividend payout ratio is 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.