SEEK Announces AUD 0.24 Per Share Fully Franked Dividend Payment

SEEK Limited Declares Dividend for FY24

SEEK Limited (ASX: SEK) has announced an ordinary dividend of AUD 0.24 per share, fully franked, relating to the six-month period ending December 31, 2024. The dividend reflects the company’s ongoing commitment to delivering shareholder value through consistent returns.

The dividend will be paid on April 2, 2025, with an ex-dividend date of March 18 and a record date of March 19. This timeline provides investors with clarity on eligibility and payment schedules, aligning with SEEK’s established dividend policy.

Fully Franked Dividend Highlights Financial Strength

The dividend is fully franked at the prevailing corporate tax rate of 30%, meaning shareholders will receive a credit for tax already paid by SEEK. This full franking status is a positive indicator of the company’s profitability and tax position, reassuring investors about the quality of earnings underpinning the payout.

Importantly, SEEK confirmed that no external approvals, such as security holder, court, or regulatory consents, are required for this dividend, underscoring the straightforward nature of this distribution.

Implications for Investors and Market Sentiment

For investors, the AUD 0.24 dividend per share represents a tangible return on investment and may influence portfolio decisions, particularly for income-focused shareholders. The announcement also signals SEEK’s confidence in its financial health amid a competitive market environment.

Shareholders residing outside Australia have the option to receive their dividends electronically in local currencies via Citibank’s international wire payments service, enhancing convenience and accessibility.

While the dividend amount is consistent with SEEK’s prior distributions, market participants will be watching closely for any shifts in future dividend policy or earnings guidance as the company navigates evolving economic conditions.