Whitehaven rewards shareholders with a special

Whitehaven (WHC) -3.16%; The EBITDA line was a ~3% beat to expectations and shareholders were rewarded with a nice 30c dividend – 17c of which was a special, a good outcome for our Income Portfolio where we own the stock. Closely watched was a spike in costs which were largely expected to at least flat line, if not fall into FY20. Costs are expected to go to $70/t while 20-21Mt of saleable coal to be produced in the current financial year. All in all, not a bad result for a downbeat company, but unlikely to see the tide turn without a commodity tailwind just yet.

Whitehaven (WHC) Coal

Whitehaven Coal Daily Chart