To be in print in 'AFR' on Thursday 21 December 2023:
"...For income seekers in 2024, Morningstar rates the $4.3 billion thermal coal miner New Hope Corporation, ahead of Whitehaven.
Morningstar thinks New Hope will pay dividends of 27¢ per share in financial 2024, before that rises to 38¢ per share in financial 2025. This places the Bengalla producer on an estimated fully franked dividend yield of 5.3 per cent in financial 2024 and 7.5 per cent out to financial 2025.
The miner’s stock has advanced 58 per cent in five years before accounting for the cash value of dividends, with Morningstar valuing it at $6.10 on 12.2 times estimated earnings of 50¢ per share in financial 2024.
Prices for high-energy thermal coal produced by New Hope and Whitehaven for consumption in Japan and South Korea have tumbled from boom time levels of $US400 a tonne at the end of 2022 to $142 a tonne this week.
New Hope shares have lost almost 20 per cent in the last 12 months to trade at about $4.12.."
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