WAM Leaders Declares 4.8 Cent Fully Franked Final Dividend Payable 30 November 2026

Manish Choudhary

05 November 2026 03:14 PM AEDT

WAM Leaders Declares 4.8 Cent Fully Franked Final Dividend Payable 30 November 2026

Image Source: Krish Capital Pty Ltd

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WAM Leaders Limited (ASX:WLE) has disclosed its October 2026 investment update, reporting a net tangible assets (NTA) per share before tax of 133.38 cents, a fully franked final dividend of 4.8 cents per share payable on 30 November 2026, and investment portfolio performance of 12.0% per annum since inception in May 2016, compared with 9.1% per annum for the S&P/ASX 200 Accumulation Index over the same period.

Key Points

October 2026 NTA per share before tax of 133.38 cents, up from 131.08 cents in September 2026
Fully franked final dividend of 4.8 cents per share payable on 30 November 2026, with shares trading ex-dividend on 17 November 2026
Full year fully franked dividend of 9.6 cents per share, equating to a 7.5% fully franked dividend yield and a 10.7% grossed-up dividend yield based on the 30 October 2026 share price of $1.28
Profits reserve of 26.0 cents per share; total dividends paid since inception of 67.55 cents per share, or 96.5 cents per share including the value of franking credits
Total assets of $2.2 billion; net current and deferred tax asset position of 0.43 cents per share for October 2026

October 2026 NTA and Portfolio Performance

According to the filing, WAM Leaders reported an October 2026 NTA per share before tax of 133.38 cents, compared with 131.08 cents recorded for September 2026. The company's investment portfolio increased during October, outperforming the S&P/ASX 200 Accumulation Index. The filing notes that inflation and the prospect of further Reserve Bank of Australia rate rises remained in focus, while concerns around the funding and capital intensity of artificial intelligence investment weighed on global semiconductor and data centre stocks. The investment portfolio performance is stated before expenses, fees, taxes and the impact of capital management initiatives.

Portfolio Contributors: Challenger and GPT Group

The filing identifies retirement income specialist Challenger (ASX:CGF) and diversified property company GPT Group (ASX:GPT) as contributors to investment portfolio outperformance during October. Challenger's share price rose following a non-binding takeover proposal of $11.80 per share from TAL Daiichi Life Australia, which owns approximately 20.5% of Challenger, representing an approximately 18% premium to the one-month volume-weighted average share price. Challenger's board rejected the proposal. Challenger's total book value grew 7.7% in the first quarter of FY2027. GPT Group's $200 million Rouse Hill Town Centre expansion opened fully leased, adding 10,500 square metres and more than 50 tenancies.

Final Dividend Terms and Franking Conditions

The board declared a fully franked final dividend of 4.8 cents per share payable on 30 November 2026. Shares will trade ex-dividend on 17 November 2026. The October 2026 NTA is stated before this final dividend. The filing discloses that the company's ability to continue paying fully franked dividends at the current level is dependent on generating additional profits reserves through positive investment portfolio performance in FY2027 and franking credits. The ability to generate additional franking credits is reliant on the receipt of franked dividends from investee companies and the payment of tax on realised profits.

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