Spheria Emerging Companies Limited announced a 25% increase in the target quarterly dividend per share to 1.25% of post- tax NTA per quarter from the current 1% of post-tax NTA per quarter. This is equivalent to a yield of 5% of NTA p.a. (7.1% including franking). The Company's strong dividends from its underlying portfolio together with a high level of retained profits and franking credits enables this change.

This increased dividend target will be implemented from the 30 June 2023 quarterly dividend.