I picked up 3 lots today @ $3.40 using CPF OA.
I picked up another 3 lots @ $3.28 using cash.
The dividends for the past 4 years are as follows:
2004: 18 cents
2005: 33 cents
2006: 27 cents
2007: 26 cents
Average: 26 cents per annum
Trailing PE ratio is @ 11.2 at the price of $3.40.
I am projecting a modest 20 cents dividend for FY 08 which translates to roughly 6.1% yield (cash) and 5.9% yield (CPF).
HL Finance does not hold any CDOs or have no vested interest in Fannie Mae or Freddie Mac.
One thing to note is that it has only single digits ROE around the region of 8% on average. However, it has higher dividend yield than DBS, UOB and DBS.
Tomorrow is the last day to buy the stock to be entitled 5 cents dividends. It goes XD on Monday. I will pick up more if it falls further tomorrow.