WAM Global Limited has announced a fully franked dividend of AUD 0.066 per share for the half-year ending December 2025, offering shareholders a dividend reinvestment plan with no discount.
- Ordinary fully franked dividend of AUD 0.066 per share
- Dividend relates to six months ending 31 December 2025
- Ex-dividend date set for 13 April 2026
- Dividend Reinvestment Plan (DRP) available with no discount
- DRP securities to be newly issued and rank pari passu
WAM Global's Dividend Announcement
WAM Global Limited (ASX: WGB) has declared an ordinary dividend of AUD 0.066 per share, fully franked at the 30% corporate tax rate, for the six-month period ending 31 December 2025. This announcement, made on 25 February 2026, confirms the company’s commitment to delivering shareholder returns through a steady dividend stream.
The dividend will go ex-dividend on 13 April 2026, with the record date set for 14 April 2026. Shareholders on the register at that date will be eligible to receive the payment, which is scheduled for 28 April 2026. The fully franked nature of the dividend means investors receive a credit for tax already paid by the company, enhancing the after-tax value of their returns.
Dividend Reinvestment Plan Details
WAM Global also offers a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into new shares rather than receiving cash. Notably, the DRP will not offer any discount to the market price, which is calculated as the volume weighted average price over the four trading days starting from the ex-dividend date. This approach ensures the DRP price fairly reflects market conditions.
The deadline for shareholders to elect participation in the DRP is 5:00 pm on 16 April 2026. If no election is made, the default option is to receive the dividend in cash. The new shares issued under the DRP will rank equally with existing shares from the date of issue, maintaining shareholder equity without dilution concerns.
Implications for Investors
This dividend announcement signals WAM Global’s ongoing financial health and its ability to generate distributable earnings. The fully franked dividend is particularly attractive to Australian investors seeking tax-effective income. Meanwhile, the availability of a DRP without a discount may influence shareholder participation rates, as some investors might prefer the immediate cash payment over reinvestment at market price.
Investors will be watching closely to see how the market responds to this dividend and whether the DRP attracts significant uptake, which could impact the company’s capital structure and share liquidity. Comparing this dividend to previous payments will also provide insight into WAM Global’s earnings trajectory and distribution policy consistency.
Bottom Line?
WAM Global’s fully franked dividend and DRP offer a balanced approach to rewarding shareholders while preserving capital structure integrity.
Questions in the middle?
- Will shareholder participation in the DRP meet expectations given the lack of discount?
- How does this dividend compare to WAM Global’s historical payout trends?
- What impact might this dividend have on WAM Global’s share price leading up to the ex-date?