Spheria Emerging Companies (ASX:SEC) Brings Small-Cap Exposure Into the August Dividend Calendar

Aditi Sarkar

15 August 2026 04:37 PM AEST

Spheria Emerging Companies (ASX:SEC) Brings Small-Cap Exposure Into the August Dividend Calendar

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Highlights

Spheria Emerging Companies (ASX:SEC) is scheduled to trade ex-dividend on 14 August 2026 for a fully franked AUD 0.011 per share interim dividend.
The payment is due on 31 August 2026 and represents a Yield of about 0.47% at a share price of AUD 2.35.
SEC reported 1HFY26 net profit after tax of AUD 12.6 million and declared 7.6 cents per share of fully franked quarterly dividends for the half.
As at 30 June 2026, the LIC’s portfolio return was flat over one year, compared with an 8.1% gain for the S&P/ASX Small Ordinaries Accumulation Index.

Spheria Emerging Companies (ASX:SEC) offers a different entry into the August Dividend calendar: income attached to a portfolio concentrated at the smaller end of the Australian and New Zealand Equity markets. SEC is set to trade ex-dividend on 14 August for a fully franked AUD 0.011 interim payment. At AUD 2.35 per share, the distribution equates to a yield of around 0.47%, while the broader story remains tied to small-cap portfolio performance and the company’s discount-management framework.

Dividend Income Sits Alongside a Small-Cap Growth Mandate

SEC is a listed Investment company managed by Spheria Asset Management, with exposure to Australian and New Zealand small and micro-cap companies. The company pays dividends monthly according to its current company profile, with the latest interim payment scheduled for 31 August 2026.

The 1.1-cent payment is fully franked. SEC’s income stream is supported by portfolio earnings, realised gains and franking credits rather than Operating Cash Flow from a single business.

First-Half Profit Improved

For 1HFY26, SEC reported net profit after tax of AUD 12.6 million, up AUD 1.8 million from the prior corresponding period. Company performance was 11.8% for the half, while total quarterly dividends declared for the period reached 7.6 cents per share, fully franked.

The company also continued monitoring its modified conditional proposal introduced in April 2025, part of its efforts to address the gap between share price and underlying NTA.

June Performance Shows a Mixed Recent Picture

As at 30 June 2026, SEC reported a one-month portfolio return of negative 0.2% and a three-month return of 0.3%. Over one year, portfolio performance was flat, compared with an 8.1% return from the S&P/ASX Small Ordinaries Accumulation Index.

Longer term, the LIC reported an inception return of 6.6% per annum, compared with 5.6% for the benchmark. These figures are historical and do not guarantee future performance.

What to Watch

The next areas to monitor are monthly portfolio performance, the share-price discount or premium to NTA, dividend continuity and any further measures aimed at improving alignment between Market Price and portfolio value.

Risks

Small and micro-cap equities can be more volatile and less liquid than large-cap shares. SEC’s returns can also diverge materially from its benchmark, while future dividends depend on portfolio income, realised gains, franking balances and board decisions.

FAQs

Q:When does SEC trade ex-dividend?

A:SEC is scheduled to trade ex-dividend on 14 August 2026.

Q:What is the dividend amount?

A:The interim dividend is AUD 0.011 per share and is fully franked.

Q:When will SEC pay the dividend?

A:Payment is scheduled for 31 August 2026.

Q:What does SEC invest in?

A:SEC invests primarily in Australian and New Zealand small and micro-cap companies.

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