Latest Sequoia Financial (ASX:SEQ) News

Takeover interest sent FleetPartners sharply higher, while major banks and insurers faced broad selling despite solid earnings and generous shareholder returns.
Dividend changes, buy-backs and capital raisings also shaped a mixed week for Australian financial stocks.

Sequoia Financial Group has scrapped its fully franked interim dividend for the half-year ended December 2025, citing ongoing Federal Court proceedings and related legal claims. The Board prioritises capital preservation and risk reduction as the company navigates complex litigation tied to its InterPrac subsidiary.

Takeover action and strong funds growth drove the week in finance stocks. Big winners came from deal news and fresh money coming onto platforms, while a few profit stories still saw sellers step in.

Sequoia Financial Group's CEO Garry Crole has resigned immediately, prompting the appointment of interim leaders while the Board searches for permanent replacements.

Banks, fund managers and lenders drove a busy week as buy-backs, dividends, capital raisings and one big profit warning pulled prices in opposite directions. Judo Bank slumped, while AI-linked fund launches and buy-back plans helped lift selected names.

Sequoia Financial Group has postponed its dividend payment from late June to late August following ASIC's directive tied to ongoing Federal Court proceedings over the InterPrac sale.

ASX Ltd sank, while Klevo and Judo Bank surged as investors split sharply between costly regulatory problems and clearer growth plans. Payments, retirement income and capital management drove the busiest finance stories of the week.

Sequoia Financial Group has pushed back its interim dividend payment to 29 June 2026 due to unresolved court proceedings and negotiations over the sale of its InterPrac subsidiary. The Federal Court has set a tight timetable for filings on the Share Sale Agreement status, with a potential hearing in July.

Capital raising news drove the biggest swings in finance stocks this week, with SPC Global collapsing after a deeply discounted offer and Klevo Rewards jumping on fast payment growth. Deal approvals, buybacks and dividend updates kept the rest of the sector busy, but investors stayed selective.

Sequoia Financial Group has pushed back its interim dividend payment to 3 June 2026, citing ongoing Federal Court proceedings triggered by ASIC over the contested sale of its InterPrac subsidiary.

Payments and fintech names drove the biggest swings this week, while the major banks leaned on profit growth, asset sales and capital management. Investors also had to weigh cyber risk, legal penalties and weaker portfolio values as global tensions stayed in the background.

Sequoia Financial Group has called off the sale of its InterPrac subsidiary to Conquest Investment Partners, citing unmet conditions and changed circumstances that made completion unviable. The company will now explore alternative strategic paths for InterPrac.