Break down of dividend for Helia Group (HLI)
Hi Team, In response to my question on HLI which was answered over the past weekend, you said we could expect a 15% fully franked dividend yield. But, to be clear, the 15% is not grossed up, correct, so the grossed-up yield, assuming it is fully franked, and a tax rate of 30%, is 15% / 0.7 = 21% I am assuming this understanding is correct. Appreciate your clarification.