New Hope Shares Drop as Stock Goes Ex-Dividend

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

Image source: Shutterstock

Highlights

Ex-Dividend Impact: New Hope Corporation shares fell on Monday as they went ex-dividend.

Strong Earnings Performance: The company reported a 35% rise in net profit to AU$340.3 million and a 22% increase in underlying EBITDA.

Dividend Growth: A fully franked interim dividend of 19 cents per share will be paid on 09 April 2025, with analysts forecasting a total FY25 yield of 8.8%.

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.

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