Powered by MOMENTUM MEDIA

WAM firm signals raised dividend ahead of results

 — 1 minute read

A listed investment company managed by Wilson Asset Management has declared a full-year dividend up 15 per cent on the prior year. 

The WAM Leaders LIC has declared a fully franked final dividend of 3.25 cents per share, bringing the financial year 2020 fully franked full-year payout to 6.5 cents per share. 

The FY20 full-year dividend will provide shareholders with a fully franked dividend yield of 6 per cent, based on the Friday share price of $1.08 per share.

Advertisement
Advertisement

According to the firm, its investment portfolio outperformed the S&P/ASX 200 Accumulation Index during the year to 30 June by 10.4 per cent, increasing 2.7 per cent.

WAM Leaders cited its approach focusing on large-cap companies with “compelling fundamentals, a robust macroeconomic thematic and a catalyst to drive the share price higher”. 

On Monday, the firm’s share price rose to $1.13, from its previous $1.08 on Friday. It was the highest it had been in close to a month, from when it was $1.14 on 9 June.

 

 

Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now. 

WAM firm signals raised dividend ahead of results
investordaily image
ID logo
Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.