NHC 1.90% $4.64 new hope corporation limited

buying the dividend ?,or something else ?

  1. 16,642 Posts.
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    New Hope continues to rise on a daily basis lately.

    Hopes are for a special dividend, from the Arrow Energy stake, that will raise over$400m after tax.

    That dividend may be in the $0.20-0.35cps range, coupled to the noemal dividend of $0.05-0.10cps.

    Total dividend could be around$0.25-0.45cps.

    ....or there something else in the wings, another tilt a MCC maybe ??

    NHC will have over $1.5b in the bank, even after paying a special dividend.

    They have been looking to get this cash to do some extra work for them (than just earn interest) for more than 18mths.

    Interesting few weeks ahead.

    cheers
 
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