WAM Global Declares Special Fully Franked Dividend of 4 Cents Per Share
WAM Global Limited has announced a special fully franked dividend of AUD 0.04 per share, reflecting strong profitability for the half-year ending December 2024. The dividend will be paid on July 31, 2025, with a Dividend Reinvestment Plan available to shareholders.
- Special fully franked dividend of AUD 0.04 per share
- Dividend relates to six-month period ending December 31, 2024
- Ex-dividend date set for July 17, 2025; payment on July 31, 2025
- Dividend Reinvestment Plan (DRP) available with no discount
- No approvals required for dividend payment
WAM Global Announces Special Dividend
WAM Global Limited (ASX: WGB) has declared a special fully franked dividend of 4 cents per ordinary share, marking a notable return to shareholders for the six-month period ending December 31, 2024. This announcement, made on February 10, 2025, signals the company’s confidence in its financial position and ongoing profitability.
The dividend will go ex-dividend on July 17, 2025, with the record date set for July 18, 2025. Shareholders on the register at that time will receive payment on July 31, 2025. The fully franked nature of the dividend means it carries a 30% corporate tax credit, enhancing its value for Australian investors.
Dividend Reinvestment Plan Details
WAM Global offers a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into additional shares rather than receiving cash. The DRP price will be calculated based on the volume weighted average price (VWAP) of shares traded on the ASX over the four trading days starting from the ex-dividend date. Notably, there is no discount applied to the DRP price, and participation is optional with no minimum or maximum limits.
The deadline for shareholders to elect participation in the DRP is July 22, 2025, at 5:00 pm. If shareholders do not make an election, the default option is to receive the dividend in cash.
Implications and Market Context
This special dividend reflects WAM Global’s robust financial health and its commitment to returning value to shareholders. The absence of any required approvals or conditions for the dividend payment underscores the company’s straightforward approach to capital management. Investors will be watching closely to see how the market responds, particularly given the fully franked status which is attractive in the current tax environment.
As an investment management firm, WAM Global’s ability to generate distributable income is a key metric for shareholders. This dividend announcement may also serve as a positive signal ahead of the company’s full financial results for the period ending December 2024.
Bottom Line?
WAM Global’s special dividend underscores its financial strength, setting the stage for investor confidence ahead of mid-year results.
Questions in the middle?
- Will WAM Global maintain or increase dividend payouts in future periods?
- How will market conditions impact the uptake of the Dividend Reinvestment Plan?
- What does this dividend signal about WAM Global’s portfolio performance and outlook?