Note pays a good Dividend. Ex - Div 16/8/23 estimated...Fully franked
Special Divi every other year..
Helia Group Limited (HLI, formerly Genworth Mortgage Insurance Australia Limited) is the provider of Lenders Mortgage Insurance (LMI) in Australia. LMI facilitates residential mortgage lending by transferring risk from lenders to LMI providers, predominantly for high loan to value ratio (HLVR) residential mortgage loans. Currently, HLI offers three main LMI products which are Standard LMI, Homebuyer Plus and Business Select/Low Doc.
Announcement:
Summary
Helia Group announced new residential loan commitments were down 7.1% in FY2022 and down 19.1% in 2H 2022 compared to pcp. The Company completed $181m on-market share buy-back (15.6% of shares on issue). Total FY2022 ordinary and special dividends of 53.cps fully franked. New $100m on-market share buy-back commencing March 2023. Running yield was 4.3% on the cash and investment portfolio as at 31 December 2022.
HLI Price chart Ranging around a bit..