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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 natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach... see more

TSXV:NWX - Post Discussion

Newport Exploration Ltd > What's the catch?
View:
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?
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  
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  
Newport Exploration Ltd