Helia Group Limited Declares Fully Franked Special Dividend for the Year Ended 31 December 2022, Payable on 24 March 2023
February 24, 2023 at 03:24 am IST
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On 24 February 2023, the Directors of Helia Group Limited declared a 27.0 cent per ordinary share fully franked special dividend totaling approximately $93.8 million for the year ended 31 December 2022. The dividend will payable on 24 March 2023.
Helia Group Limited is an Australia-based company that provides lenders mortgage insurance (LMI) in Australia. The Companyâs LMI protects lenders if a borrower defaults on a home loan and there is a shortfall in the sale proceeds from the secured property. LMI provides protection to a lender to help the borrower purchase a property with a smaller deposit. It protects the lender against the risk of potential losses, in case they are unable to make home loan repayments, and the lender is unable to recover the outstanding loan amount from the sale of the security property. Home buyers have a range of options for paying the LMI cost to their lender, either paying the fee upfront, capitalizing the amount into their loan, or paying a monthly LMI fee. It provides tools, estimators, and resources to estimate, compare and consider options for a home ownership.
HELIA GROUP LIMITED 
