The Seven Group Holdings Ltd (ASX: SVW) share price has edged lower since announcing its half-year results in late February.
The investment company delivered strong earnings growth whilst maintaining its interim dividend for shareholders.
At Friday’s market close, Seven Group shares finished 1.24% lower to $21.43. This means they have lost around 4% since 22 February following the release of its financial scorecard to the ASX.
What are the details of the Seven Group dividend?
In the half year report for the 2022 financial year, Seven Group reported strong performance across key metrics.
In summary, group revenue increased by 105.3% to $4,839.3 million in H1 FY22. This was driven by its operating businesses Coates and WesTrac, along with improved returns from Beach and Seven West Media.
On the bottom line, Seven Group achieved a 235.6% gain in statutory net profit after tax (NPAT) of $1,221.5 million.
Surprisingly, the board opted not to change its fully franked interim dividend of 23 cents per share. This may have been the cause as to why Seven Group shares backtracked on the day of the release.
While management hasn’t disclosed a dividend policy, decisions regarding future dividend payout ratios are based on a number of factors. This includes the group’s medium term underlying profitability, Australian tax payable position, shares on issue, and investment opportunities.
When can Seven Group shareholders expect payment?
Seven Group will pay the interim dividend to eligible shareholders next month on 6 May.
To be eligible for the latest dividend, you’ll need to own Seven Group shares before the ex-dividend date on 12 April. This means if you want to secure the dividend, you’ll need to purchase Seven Group shares no later than today.
In case you are wondering, the company is not offering a dividend reinvestment plan (DRP) to shareholders.
The post If you’re keen to bag the Seven Group dividend, read this appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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