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

New Hope Co. Limited (ASX:NHC) insider Robert Millner purchased 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 Stock Performance

The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth 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 declared a Interim dividend, which will be paid on Tuesday, April 8th. Investors 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 an increase 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 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.