ASX Code: HHY Hastings High Yield FundAnnounce 23 November 2009...

ASX Code: HHY Hastings High Yield Fund
Announce
23 November 2009
Increase in distribution guidance
“provides distribution guidance of 3.7 cents cash per unit for the quarter ending 31 December 2009”


13 November 2009
“Notification of Net Tangible Asset backing
as at 31 October 2009 was $1.83 per”

Seems to me to be very undervalued!!!!


Current Price $1.3
P/E Ratio 9.88
Sector Diversified Financials
Market Capital $135 million

One thing that really stands out for this stock is the solid history of dividend payments

Dividend TypeCents Per ShareFranked %Ex-Dividend DatePay Date
Interim 3.50 0 24 Sep, 09 12 Nov, 09
Final 4.10 0 24 Jun, 09 25 Aug, 09
Interim 4.60 0 25 Mar, 09 08 May, 09
Interim 4.80 0 23 Dec, 08 09 Feb, 09
Interim 4.80 0 24 Sep, 08 11 Nov, 08
Final 4.80 0 24 Jun, 08 25 Aug, 08
Interim 4.80 0 25 Mar, 08 07 May, 08
Interim 4.40 0 21 Dec, 07 08 Feb, 08
Interim 4.40 0 24 Sep, 07 28 Nov, 07
Final 4.20 0 25 Jun, 07 17 Aug, 07
Interim 4.20 0 26 Mar, 07 07 May, 07
Interim 4.00 0 21 Dec, 06 07 Feb, 07
Interim 3.50 0 25 Sep, 06 03 Nov, 06
Final 3.50 0 26 Jun, 06 18 Aug, 06
Interim 4.43 0 27 Mar, 06 04 May, 06
Interim 4.54 0 22 Dec, 05 03 Feb, 06
Interim 4.54 0 26 Sep, 05 31 Oct, 05
Final 4.29 0 24 Jun, 05 28 Jul, 05