Markets

Payroll provider first PledgeMe firm to pay a dividend

Victoria Young
Tue, 21 Jul 2020

Payroll provider first PledgeMe firm to pay a dividend
Victoria Young
Tue, 21 Jul 2020
Thankyou Payroll says it will be the first local equity crowd-funded firm to pay a dividend, declaring less than 1.6 cents per share or a total of $100,000. The announcement was made at the payroll provider’s annual meeting today, where the company celebrated 10-year turnover growth from $7,000 in 2010 to $2.8 million in 2020. Last year revenue rose by roughly a third from $2.1 million.   The company promised when it raised funds in 2017 that it would pay a dividend within three years. The company has 6.3 million shares at July 11. At the...

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