WAM Income Maximiser Limited (ASX:WMX) has disclosed its October 2026 investment update, reporting a net tangible assets (NTA) per share before tax of 158.99 cents, up from 155.91 cents in September 2026, and declaring a November 2026 fully franked dividend of 0.67 cents per share payable on 30 November 2026.
Key Points
- October 2026 NTA per share before tax was 158.99 cents, compared with 155.91 cents in September 2026
- November 2026 fully franked dividend of 0.67 cents per share, with an ex-dividend date of 17 November 2026 and payment date of 30 November 2026
- December 2026 fully franked dividend of 0.68 cents per share declared, payable 31 December 2026
- Investment portfolio performance since inception (April 2025) of 12.3% per annum against a benchmark of 9.5%
- Annualised December 2026 fully franked dividend yield on average NTA, including the value of franking credits, is 7.1%
October 2026 NTA and Net Tax Position
According to the filing, the October 2026 NTA of 158.99 cents per share is stated before the November 2026 fully franked dividend of 0.67 cents per share. The October 2026 NTA is after the October 2026 fully franked dividend of 0.66 cents per share, which was paid on 30 October 2026, with shares trading ex-dividend on 19 October 2026. The net current and deferred tax asset or liability position of the company for October 2026 is recorded at negative 0.81 cents per share, as disclosed in the filing.
Investment Portfolio Composition and Performance
The filing states the investment portfolio is allocated 42.9% to equities and 57.1% to debt instruments, including hybrids and cash. The debt portfolio carries a yield to maturity of 6.6% per annum, a duration of 7.3 years, and is 81% fixed rate and 19% floating rate. By credit rating, the debt portfolio comprises 11% AAA-rated, 82% A-rated, 1% BBB-rated, and 6% hybrid securities. The equity portfolio has a gross dividend yield of 4.2% per annum and a one-year forward price-to-earnings ratio of 19.0 times. Investment portfolio performance since inception in April 2025 is 12.3% per annum, against the benchmark return of 9.5%.
Dividend Timetable for November and December 2026
The board declared a November 2026 fully franked dividend of 0.67 cents per share and a December 2026 fully franked dividend of 0.68 cents per share. For November, the ex-dividend date is 17 November 2026, the record date is 18 November 2026, the last election date for the Dividend Reinvestment Plan (DRP) is 20 November 2026, and the payment date is 30 November 2026. For December, the ex-dividend date is 16 December 2026, the record date is 17 December 2026, the last DRP election date is 21 December 2026, and the payment date is 31 December 2026. The DRP will operate without a discount for both dividends.



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