Sequoia cites ASIC in further dividend deferral
Under scrutiny financial services group, Sequoia Financial, has further pushed out the payment date for its previously declared dividend.
The company announced to the Australian Securities Exchange (ASX) late on Friday that the payment date had been revised from 29 June to 26 August.
In doing so, it said the postponement is required by ASIC “due to the pending resolution at the Federal Court regarding the Share Sale Agreement relating to the proposed disposal of InterPrac Financial Planning Pty Ltd and claims currently against InterPrac at the Australian Financial Complaints Authority”.
“The Directors have decided to comply with the ASIC requirements,” the statement said. “The Company further defers the payment to 26 August 2026.”
The ASX statement said the declared dividend payment would be paid regardless of the outcome of the Court proceedings.
“All other details relating to the dividend remain unchanged,” it said.
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