Australia's New Hope rises on largest dividend payout in four years

New Hope

15/09/2026 03:56

   ** Shares of New Hope Corp NHC.AX advance as much as 4.1% to A$6.54, their highest since January 23, 2023
   ** Stock posts biggest intraday pct jump since September 7
   ** Coal miner declares final dividend of 30 Australian cents per share, compared with 15 cents paid per share previous year and highest since the 2021 final dividend of 31 cents per share
** Co reports annual NPAT of A$161 million ($114.79 million), a 63.4% drop from previous year
** Average realised sales price of coal declined nearly 9% 
** Co says long-term coal demand remains upbeat
** YTD, stock up 61.5%

($1 = 1.4025 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))