New Hope Shares Drop as Stock Goes Ex-Dividend

Mon 24 Mar 25, 04:50 AM | Team Kalkine

Shares of coal miner New Hope Corporation Ltd (ASX:NHC) tumbled on Monday. However, the drop isn’t due to weakening coal prices or production concerns—it’s simply because the stock went ex-dividend.

Investors who buy shares from today onward will no longer be entitled to the company’s upcoming dividend payout. This technical adjustment often results in a price decline, reflecting the portion of the company’s valuation tied to its dividend distribution.

Last week, New Hope shares surged after the miner posted strong half-year results. The company reported a 32.9% increase in coal production to 5.4 million tonnes, which drove a 22% rise in underlying EBITDA to AU$517.3 million. Net profit after tax soared 35% to AU$340.3 million.

As a reward for its shareholders, New Hope announced a fully franked interim dividend of 19 cents per share, up 11.8% from last year’s 17 cents per share. This equates to an attractive 4.6% yield based on last week’s closing price, with an additional final dividend expected later this year.

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