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iSelect (ASX:ISU) share price edges higher on special dividend
Aaron Teboneras | April 27, 2021 4:26pm |
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iSelect Ltd(ASX: ISU) shares are trekking higher after the company announced a special dividend and dividend program. This comes after the price comparison website operator’s shares delivered a mixed performance for its first-half results.
At the time of writing, the iSelect share price is swapping hands for 31 cents, up 3.3%.
Special dividend and dividend program
Investors appear to be pushing iSelect shares higher today, taking up the company’s latest dividend offer.
According to the release, iSelect state that working capital outflow associated with trail revenue is continuing to decrease. The positive trend is expected to remain for the foreseeable future.
Why the iSelect (ASX:ISU) share price is rocketing 5% Thursday
Tony Yoo | April 15, 2021 12:15pm |
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iSelect Ltd (ASX: ISU) of any wrongdoing in attempting to buy up more stock.
The potential problem was that IHA, via a complex web of entities, also owns CompareTheMarket.com.au, which provides similar services to iSelect.
Both brands are rivals in the competitive comparison site sector, allowing Australians to contrast different energy, insurance and financial services providers.
IHA had already bought up 29% of iSelect shares over 2 years without notifying the ACCC. The watchdog was prompted into action after it was tipped off about an additional 6% purchase.