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the Limited search (ASX:SEK) the share price has risen slightly since announcing its half-year results for FY22 in mid-February.
The jobs giant posted robust earnings growth along with a bumper dividend that delighted investors.
As of this writing, Seek shares are trading at $30.76, down 0.10%.
It’s worth noting that, according to the company’s financial dashboard, Seek shares rose more than 10%.
How did Seek perform in S1 FY22?
In the 2022 half-year report, Seek reported strong performance across all key metrics.
In summary, revenue rose 59% to $517.2 million, driven by record ad volumes in Australia and New Zealand. The company also benefited from one-time hires, on average, which jumped 30% over the prior corresponding period.
Net profit after tax (NPAT) on total operations jumped 32% from $66.8 million to $88.1 million.
At the end of the period, the company had finished with total credit facilities of $1.75 billion and $569 million in unused cash and facilities.
The board declared a fully franked interim dividend of 23 cents per share. The previous dividend was 20 cents per share, which was in May 2021 – a one-time dividend after receiving transaction funds from Zhaopin.
Management noted that the latest dividend equates to a payout ratio of 75% of NPAT cash minus capital expenditures. This is in line with Seek’s capital management framework.
When can Seek shareholders expect payment?
Seek will pay the interim dividend to eligible shareholders in approximately 2 weeks, on April 7.
To be eligible for the latest dividend, you will need to hold Seek shares before the ex-dividend date of March 23. This means that if you want to secure the dividend, you will need to buy Seek shares no later than today.
In case you were wondering, the company does not offer a dividend reinvestment plan (DRP) to shareholders.