Australia's QuickFee hits four-year high after distribution policy announcement

Quickfee

03/12/2025 04:59

** Shares of Australia's QuickFee QFE.AX jump 35.6% to A$0.080, their highest since August 30, 2021

** Stock set for strongest session since November 21 if trend holds

** Financial tech co announces a dividend policy to make shareholder distributions of a minimum of 1 AU cents per share every year, with the intention of paying a minimum of 0.5 AU cents per share on an interim and final basis for FY26

** Adds the policy is not a declaration of a definitive return or dividend but what it intends to do

** Stock up 85.5% YTD

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))