Bullboard - Stock Discussion Forum Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both... see more

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TSXV:NWX - Post Discussion

Newport Exploration Ltd > What's the catch?

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Post by RiceHammer4416 on May 17, 2021 1:36pm

What's the catch?

It's a profitable company with an 18 percent dividend. Am I missing something?

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Comment by JayBanks on May 17, 2021 6:04pm

Stability, the dividend paid out can change every quarter, in the past 4 quarters it's paid 1 cent, 3 cents, 1 cent & now 2 cents. 18% today might be 9% next quarter. https://dividendhistory.org/payout/TSX/NWX/ As a Royalty play they do not control their income. They have no real influence on production of the current producing asset, all they do is pull a percent of the revenue ...more

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Comment by RiceHammer4416 on May 18, 2021 5:13am

Thanks for the information. I've been reading up on it as much as possible and noticed after i posted, the DIV has been all over the place. I'm usually rather conservative (AQN, ENB, banks.. etc etc). I dabble a bit in some larger mining companies, but nothing like this. I have a small sum of play money and want to see what I can do with it. I'll ...more

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Newport Exploration Ltd