LICs normally pay mid September. This is because they rule off their books, wait to get audited, have a board meeting, declare the dividend, then pay it another 3-4 weeks later to get some momentum with it. I expect HML will raise capital after their dividend. If the IPO lodges prospectus in August, it will be open through September, so I expect we'll all want a slice of those if for no other reason than the 40% stag it could deliver (depending on how BHD goes) and will put our Dividend money into that. I don't think they will get much DRP- unless we all take DRP, then sell after that to pocket a few more cents. Either way, Record Date expect early-mid September is my expectation
HML Price at posting:
$1.98 Sentiment: None Disclosure: Held
