Originally Posted by
Beagle
Fair enough mate. I only ever invested in HLG for the yield which was a stunning 15% gross back in August 2016 at ~ $2.70, but things worked out far, far better than I originally envisaged.
Thing is though. The yield today of *11.5% gross is just as stunning for where interest rates are now compared to 15% gross in 2016 so I am a very happy holder and am continuing to accumulate more.
* Based on assumed fully imputed dividends of 50 cps in FY21 (50 / 0.72) = 69.44 cps gross. 69.44 cps gross as a function of the theoretical ex divvy price ($6.04) of HLG shares $6.30 - $0.24 cent divvy due shortly = $0.6944 / $6.06 = 11.459% gross yield. I think that's a truly extraordinary yield for where interest rates are now !