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Spheria Emerging Companies Limited (ASX:SEC)

ALERT: Price-sensitive ASX Announcement for SEC
Current share price for SEC : $2.300 -0.02 (-0.86%)+
Announcement
Release
17 Apr 2025 1:13PM
Price at Release
$2.320
Full Release
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Summary
Spheria Emerging Companies Limited (ASX: SEC) announced a quarterly fully franked dividend of 3.5 cents per share for the period ending 31 March 2025, payable on 15 May 2025. This dividend aligns with the company's increased target to distribute dividends quarterly at 1.5% of post-tax NTA, contingent upon available profits and franking credits. The declared dividend was based on the company’s post-tax NTA of $2.356 per share. The announcement also addressed the company's performance during a volatile market, highlighting a smaller decline in their portfolio compared to the benchmark.
Key Points
  • Quarterly fully franked dividend of 3.5 cents per share announced.
  • Dividend payable on 15 May 2025.
  • Dividend calculated from post-tax NTA of $2.356 per share.
  • Dividend target set to 1.5% of post-tax NTA.
  • Company's portfolio outperformed benchmark in March 2025 quarter.
  • Current market conditions described as volatile.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.