WAM Active Announces AUD 0.030 Dividend with 100% Franking Credits

Dividend Announcement Overview

WAM Active Limited (ASX: WAA) has declared an ordinary dividend of AUD 0.030 per share, fully franked at the corporate tax rate of 30%. This dividend relates to the financial reporting period ending December 31, 2024, and marks a continuation of the company's commitment to delivering consistent income to its shareholders.

The ex-dividend date is set for April 14, 2025, with the record date following on April 15. Shareholders on the register as of the record date will be entitled to receive the dividend payment scheduled for April 30, 2025.

Dividend Reinvestment Plan Details

WAM Active also offers a Dividend Reinvestment Plan (DRP) for this distribution. Shareholders who elect to participate can reinvest their dividends into new shares issued by the company. 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 commencing on the ex-dividend date, with no discount applied.

The deadline for DRP election is April 17, 2025, at 5:00 pm. Notably, if shareholders do not make an election, the default option is to receive the dividend in cash.

Implications for Investors

This fully franked dividend reflects WAM Active’s ongoing profitability and its ability to generate tax-effective returns for investors. The 100% franking credits enhance the after-tax yield for Australian shareholders, making the dividend particularly attractive in a low-interest-rate environment.

Investors should note that the dividend amount remains steady, suggesting a stable income stream but also signaling that the company is maintaining a cautious approach amid broader market uncertainties. The availability of the DRP without a discount may appeal to shareholders looking to compound their investment over time.

Looking Ahead

As WAM Active moves forward, the market will be watching for any shifts in dividend policy or changes in distribution levels that might reflect evolving portfolio performance or market conditions. The upcoming payment date will be a key moment to gauge investor sentiment and the company’s financial health.