New Hope Co. Limited (ASX:NHC) to Issue Dividend Increase – $0.19 Per Share

New Hope Co. Limited (ASX:NHC) declared a interim dividend on Wednesday, March 19th, MarketIndexAU Dividends reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.19 per share on Tuesday, April 8th. This represents a dividend yield of 4.52%. The ex-dividend date of this dividend is Sunday, March 23rd. This is a 11.8% increase from New Hope’s previous interim dividend of $0.17.

New Hope Stock 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 firm has a market capitalization of $3.79 billion, a PE ratio of 7.96, a PEG ratio of 0.16 and a beta of 0.20.

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.