SEEK Limited (ASX: SEK) has updated its dividend pay-out ratio to align with its growth aspirations. In FY20, company’s intended dividend pay-out ratio will be between 30-50% of Cash NPAT and the previous pay-out ratio was 50-60% of Cash NPAT.
Despite week macro-economic conditions in SEEK’s key markets, the company still affirms its FY20 guidance provided earlier. Although if macro-economic conditions get worse, it may impact SEEK’s ability to achieve its FY20 guidance.
At AEST 01:19PM, the stock was trading at $22.940 per share, up by 2.319% from its previous close.
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