Sequoia Financial Group (ASX:SEQ) said its board decided to revoke the fully franked interim dividend of AU$0.01 per share, determined on Feb. 23, for the half-year ended Dec. 31, 2025, according to a Thursday Australian bourse filing.
The board decided that the immediate priority is to manage the firm's capital responsibly, focus on resolving the ongoing legal matters regarding InterPrac Financial Planning, and to reduce business risk for shareholders.