New Hope Corp Ltd shares have delivered investors some seriously outsized returns over the past year.
If you held shares at market close on 21 September, you can expect that final franked 30 cent per share dividend to land in your bank account on 15 October.
Atop its own operational successes on and below the ground, New Hope has been benefiting from resurgent global coal prices.
Along with lifting production, New Hope also increased it total coal resources over the year, which grew to 2.96 billion tonnes as at 31 May, up from 2.55 billion tonnes year on year.
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Summarized version
New Hope Corp Ltd shares have delivered investors some seriously outsized returns over the past year. New Hope stock traded ex-dividend on 21 September.
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The figure “42%” is in the headline. We could not find it in the report.
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The article, shortened and in plain language
New Hope Corp Ltd shares have delivered investors some seriously outsized returns over the past year.
Well, in late morning trade on Monday, shares in the S&P/ASX 200 Index coal stock are trading for $5.68 apiece.
New Hope stock traded ex-dividend on 21 September. If you held shares at market close on 21 September, you can expect that final franked 30 cent per share dividend to land in your bank account on 15 October.
At current prices, New Hope stock trades on a franked trailing dividend yield of 7.0%.
Atop its own operational successes on and below the ground, New Hope has been benefiting from resurgent global coal prices.
At US$144 per tonne, thermal coal prices are up about 35% in 12 months.
Along with lifting production, New Hope also increased it total coal resources over the year, which grew to 2.96 billion tonnes as at 31 May, up from 2.55 billion tonnes year on year.
Summarising his hold recommendation on New Hope shares, Gable concluded, "The share price uptrend since early July is sustainable, in my view."
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How outlets headlined it
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The Motley Fool AustraliaUp 42% and paying a 7% dividend yield, should I buy New Hope shares today?plain
The Motley Fool AustraliaShould I buy CBA shares in October?plain
The Motley Fool Australia2 ASX shares with dividend yields above 8%plain
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