InvestSMART

Spheria Emerging Companies Limited (ASX:SEC)

ALERT: Price-sensitive ASX Announcement for SEC
Current share price for SEC : $2.300 -0.03 (-1.29%)+
Announcement
Release
20 Apr 2026 6:19PM
Price at Release
$2.330
Full Release
download
Summary
Spheria Emerging Companies Limited (ASX: SEC) announced that it will pay three fully franked monthly dividends of 1.1 cents per share for April, May, and June 2026. The dividends are fully franked at a corporate tax rate of 30%. The company has transitioned from quarterly to monthly dividend payments starting from February 2026. The dividend calculation is based on a post-tax Net Tangible Assets (NTA) per share rate of 1.5%. As of March 31, 2026, the post-tax NTA per share stood at $2.255, which influenced the dividend amount. The company decided against the use of its Dividend Reinvestment Plan (DRP) for these payouts. The market conditions, including geopolitical events and economic factors, impacted the quarter, but the company's portfolio saw a modest outperformance. The decision to pay dividends monthly aligns with the company's strategy to provide consistent returns to shareholders.
Key Points
  • Three monthly fully franked dividends of 1.1 cents per share announced for April, May, and June 2026.
  • Dividends fully franked at a 30% corporate tax rate.
  • Transition from quarterly to monthly dividends beginning February 2026.
  • Dividend calculation based on 1.5% of post-tax NTA per share, divided into three monthly installments.
  • Post-tax NTA per share as of March 31, 2026, was $2.255.
  • Dividend Reinvestment Plan (DRP) not utilized for these dividends.
  • Market conditions affected by geopolitical events and economic factors.
  • SEC portfolio modestly outperformed despite a weak market.
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.