WAM Income Maximiser Boosts Dividends Amid Strong Portfolio Growth

Dividend Declarations Reflect Confidence

WAM Income Maximiser Limited (ASX – WMX) has announced fully franked dividends of 0.35 cents per share for November 2025 and 0.40 cents per share for December 2025, payable on 28 November and 31 December respectively. These dividends are underpinned by the company’s profits reserve, capital profits reserve, and franking credits as of 31 October 2025, highlighting a solid financial footing just months after its April 2025 listing.

Chairman Geoff Wilson AO expressed satisfaction with the company’s performance and shareholder engagement, noting the oversubscribed $120 million placement and ongoing share purchase plan as indicators of strong market support. The Board’s commitment to regular monthly fully franked dividends aligns with its stated policy, provided market conditions remain stable.

Robust Portfolio Performance Since Launch

Since its inception in April 2025, the WAM Income Maximiser investment portfolio has delivered a commendable 10.3% increase. This performance is particularly notable given the backdrop of elevated market valuations and ongoing macroeconomic uncertainties. The portfolio’s strategy focuses on investing in Australia’s highest quality companies and investment-grade corporate debt, aiming to balance capital growth with stable income streams.

Lead Portfolio Manager Matthew Haupt highlighted the portfolio’s flexibility and vigilance in navigating current market conditions. He pointed to recent gains driven by a strategic short position in Australian interest rates, reflecting a recalibration of market expectations around Reserve Bank of Australia policy moves. While maintaining a neutral stance on the central bank’s trajectory, the team remains prepared to adjust as global and domestic economic signals evolve.

Looking Ahead – Dividend Guidance Into 2026

WAM Income Maximiser has also provided dividend guidance for the first quarter of 2026, with expected fully franked dividends rising incrementally from 0.45 cents per share in January to 0.55 cents per share in March. This forward-looking guidance signals the Board’s confidence in sustaining income returns, targeting a yield above the Reserve Bank of Australia cash rate plus 2.5% per annum over time.

The company’s Dividend Reinvestment Plan (DRP) remains active, offering shareholders the option to reinvest dividends without a discount, further supporting capital growth potential. Investors will be watching closely how the portfolio navigates the delicate balance of growth and income in a market environment that remains sensitive to global liquidity and economic recovery dynamics.

A Managed Approach in Uncertain Times

Wilson Asset Management’s stewardship of WAM Income Maximiser reflects its broader track record of managing over $6 billion across multiple listed investment companies. The firm’s emphasis on quality companies with strong capital management and sustainable distributions underpins the LIC’s strategy to deliver both income and capital growth.

As the company progresses through its first full year of operation, its ability to maintain dividend payments and grow the portfolio will be critical markers of success. The cautious optimism expressed by management suggests a readiness to adapt to evolving market conditions while pursuing steady returns for shareholders.