Spheria Emerging Cos. Declares Solid FY24 Dividends

Spheria Emerging Cos. Ltd. (AU:SEC) has released an update.

Spheria Emerging Companies Limited (SEC) reported a net profit of $7.6 million in FY24, with a performance trailing the benchmark by 2.4%, yet still outperforming it since inception. The company declared dividends of 12.0 cents per share for the year, achieving a 5.4% trailing dividend yield, or 7.7% including franking credits. Additionally, SEC has proposed a share exchange with Spheria Australian Smaller Companies Fund and held a shareholder webinar to discuss the results.

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