Sequoia Financial Group Revoked Interim Dividend
Key points
- Sequoia Financial Group Ltd (ASX: SEQ) revoked its interim dividend
- The dividend was $0.01 per share for the half-year ended 31 December 2025
- Decision made due to ongoing legal matters and need to manage capital
- Payment had been deferred multiple times
- Company to focus on resolving legal issues and reducing shareholder risk
Full summary
Sequoia Financial Group Ltd (ASX: SEQ) has announced the revocation of its interim dividend of $0.01 per ordinary share for the half-year ended 31 December 2025. The decision follows the deferral of the dividend payment due to Federal Court proceedings and related claims before the Australian Financial Complaints Authority concerning InterPrac Financial Planning Pty Ltd. The Board has determined that it is in the best interests of the Company to prioritize managing capital responsibly, focus on resolving the legal matters, and reduce business risk for shareholders. The Company will continue to keep the market informed in accordance with its continuous disclosure obligations.
Outlook
The Company will focus on resolving legal issues and reducing shareholder risk.
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