The Board of Spheria Emerging Companies Limited has resolved to pay a quarterly dividend for the period ended 30 June 2023 of 2.8 cents per share, which will be payable on 7 August 2023. The dividend will be fully franked at the corporate tax rate of 30%. The payment of the dividend is consistent with the Company's increased dividend target announced in May 2023 to pay dividends on a quarterly basis, at a level of 1.25% of post-tax NTA at the end of each calendar quarter, subject to available profits, cash flow and franking credits.

Previously, the dividends were paid at a rate of 1% of post-tax NTA. The quarterly dividend has been calculated based on the Company's post-tax NTA as at 30 June 2023 of $2.225 per share, multiplied by 1.25%, giving rise to a fully franked dividend of 2.8 cents.