WAM Capital Limited (ASX:WAM) Reports 22.2% Portfolio Growth and Declares Final Dividend
Investment Performance
WAM Capital Limited (ASX:WAM) reported a 22.2% increase in its investment portfolio for the financial year, surpassing the S&P/ASX All Ordinaries Accumulation Index by 9.0% and the S&P/ASX Small Ordinaries Accumulation Index by 9.9%. Total shareholder return reached 19.4%, or 22.5% when including franking credits.
Dividend Declaration
The Board of Directors declared a final dividend of 7.75 cents per share, partially franked at 60%. The full-year dividend totals 15.5 cents per share, offering shareholders a high dividend yield of 9.1% and a grossed-up yield of 11.4%.
Executive Comments
Chairman Geoff Wilson AO stated, “The outstanding and consistent outperformance by the WAM Capital investment team, driven by disciplined and high-conviction stock selection, has once again delivered strong returns.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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