New Hope Co. Limited (ASX:NHC) Insider Robert Millner Buys 75,000 Shares

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

New Hope Price 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 company has a market cap of $3.79 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 0.16 and a beta of 0.20.

New Hope Increases Dividend

The business also recently announced a Interim dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, April 8th will be issued a $0.19 dividend. 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. This represents a dividend yield of 4.52%. New Hope’s dividend payout ratio 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.