Highlights

  • Spheria Emerging Companies declared a fully franked dividend of 1.1 cents per share for October 2026.
  • The October distribution goes ex-dividend on 23 October and is scheduled for payment on 30 October.
  • The board also scheduled equal monthly distributions for November and December, subject to its announced arrangements.
  • The company calculates its monthly dividend amounts from quarterly post-tax net tangible assets per share.

A day before its next ex-dividend date, Spheria Emerging Companies Limited (ASX:SEC) has placed its monthly income policy back in focus. The listed investment company has announced a fully franked 1.1-cent-per-share dividend for October 2026, with two further payments of the same size scheduled before year-end. The timetable gives shareholders three distinct distribution dates rather than a single quarterly payout.

October Payment Brings the Next Key Dates Into View

The October dividend carries an ex-dividend date of 23 October 2026, followed by a record date of 26 October and a scheduled payment on 30 October. At 1.1 cents per share, the cash distribution equals AUD 0.011 per share. The company has declared the payment fully franked at the 30% corporate tax rate. Investors should distinguish the ex-dividend date from the later payment date: the former determines the market timetable for dividend entitlement, while the latter marks the scheduled cash distribution.

Three Monthly Instalments Extend Through December

The October payment forms part of a set of three dividends declared for the final quarter of the calendar year. November’s 1.1-cent payment has an ex-dividend date of 16 November, a record date of 17 November and a payment date of 30 November 2026. December’s 1.1-cent dividend is scheduled to go ex-dividend on 16 December, with a record date of 17 December and payment on 31 December. Together, the three declared payments total 3.3 cents per share before considering the effect of franking credits.

How the Monthly Dividend Policy Works

Spheria moved to monthly dividend payments in February 2026, replacing the previous pattern of quarterly cash distributions with a more frequent timetable. Its stated method takes 1.5% of post-tax net tangible assets per share on a quarterly basis and divides the result into three equal monthly instalments, subject to rounding. The October-to-December dividend determination used post-tax net tangible assets of AUD 2.246 per share at 30 September 2026. The resulting monthly 1.1-cent amount was unchanged from the preceding two quarters. The company’s dividend reinvestment plan is not available for these monthly distributions.

Franking Position and the Months Ahead

At 30 September 2026, Spheria reported a franking account balance of AUD 3.7 million, equivalent to 6.2 cents per share in franking credits. The company also indicated that it held sufficient profit reserves for the announced dividend level. Following the three scheduled distributions, cumulative dividends since its December 2017 initial public offering are expected to reach 89.3 cents per share. The board has said it will continue monitoring dividend policy against prevailing market conditions, meaning future distributions beyond the declared schedule should not be treated as guaranteed.