Insider Selling: Whitehaven Coal Limited (ASX:WHC) Insider Sells 900,000 Shares of Stock

Whitehaven Coal Limited (ASX:WHCGet Rating) insider Paul Flynn sold 900,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of A$8.75 ($5.80), for a total transaction of A$7,878,600.00 ($5,217,615.89).

Whitehaven Coal Price Performance

The company has a current ratio of 1.93, a quick ratio of 1.78 and a debt-to-equity ratio of 5.81.

Whitehaven Coal Increases Dividend

The firm also recently disclosed a Final dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were given a dividend of $0.40 per share. This is an increase from Whitehaven Coal’s previous Final dividend of $0.30. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a dividend yield of 5.03%. Whitehaven Coal’s payout ratio is presently 40.82%.

About Whitehaven Coal

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Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.

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