Invest $10,000 in New Hope shares and get $1,006 in passive income

MotleyFool04-20

There are good reasons S&P/ASX 200 Index (ASX: XJO) coal share New Hope Corp Ltd (ASX: NHC) has been popular among passive income investors in recent years. As coal prices broke into all-time high ...

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But in danger of expounding upon the obvious, past yields do not guarantee future yields.\nWith forecast yields relying on analysts' best guesses of what the months ahead may hold, the yields you generally see quoted are trailing yields.\nThe passive income any given dividend stock will pay in the future depends on a range of company-specific and macroeconomic factors. This means dividend payouts from companies like New Hope could be higher or lower than the trailing yields we look at below.\nNow, with resilient global coal demand (particularly in the world's two most populous nations, China and India), I believe the coal price will hold up well over the coming year. But only time will tell for sure.\nThat said, let's look at what dividends we might expect from New Hope if we bought $10,000 worth of shares today.\nEarning annual passive income from New Hope shares\nOn 7 November, the ASX 200 coal miner paid a fully franked final dividend of 30 cents per share.\nThe interim dividend of 17 cents per share will hit eligible shareholders' bank accounts on 1 May. It's a bit too late to grab that one, though, as New Hope shares traded ex-dividend on 15 April.\nThis equates to a full-year passive income payout of 47 cents per share, with potential tax benefits from those franking credits.\nAt market close on Friday, New Hope shares were trading for $4.67 apiece.\nMeaning we could buy 2,141 shares with our $10,000, leaving enough change left over for a burger at Macca's.\nBased on the trailing yields, that would earn us a very tidy $1,068.27 in annual dividend income.\nAnd, of course, we'll be hoping to see the New Hope share price charge higher over the year as well.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428691918"}