The West

Credit and financial services provider ThinkSmart has put on ice a $12 million payout to shareholders.

The company said the decision about the proposed 7.4 cents-a-share payment following feedback from investors.

"ThinkSmart is currently considering its strategic options in respect of the return of capital, including the optimal manner by which to return capital to shareholders," it said.

"Accordingly the proposed return on capital of 7.4 cents a share may not proceed at this point in time."

The shareholder payment had been proposed after ThinkSmart sold its Australian and New Zealand operations to FlexiGroup in January for $43 million.

It paid a special dividend of 3.6 cents a share and announced a buy-back of up to 10 per cent of it shares.

ThinkSmart's shares were down 2 cents, or 5 per cent, to 35.5 cents at 11.17am.

The West Australian

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