What Is Behind Waterco's (ASX:WAT) 13 Cent Fully Franked Final Dividend?

Sonal Goyal

28 October 2026 12:33 AM AEDT

What Is Behind Waterco's (ASX:WAT) 13 Cent Fully Franked Final Dividend?

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Key Highlights

Waterco (ASX:WAT) has a fully franked final dividend of 13 cents per share, with an ex-date of 29 October 2026 and payment on 13 November 2026.
Total declared dividends for FY26 increased to 20 cents per share, fully franked, a payout ratio of 45% of profits.
NPAT rose about 60% to $15.4 million, and EPS was 44.0 cents.

Waterco Limited (ASX:WAT) has a fully franked final dividend of 13 cents per share, with shares trading ex-dividend on 29 October 2026 and payment due on 13 November 2026. Waterco designs and manufactures solutions for healthy and safe water environments, with revenue tracking residential pool, spa and rural pump markets, and its 2026 annual report sets out the results behind the dividend.

Latest Development: FY26 Annual Report Results

Waterco's 2026 annual report records the following for the year ended 30 June 2026:

Sales revenue increased 1.4% from $249.4 million to $253.0 million.
EBIT increased from $16.7 million to $23.8 million, with underlying EBIT rising from $20.6 million to $24.8 million.
NPAT increased approximately 60% from $9.6 million to $15.4 million, and EPS was 44.0 cents, up 62%.
Net debt rose from $24.9 million at 30 June 2025 to $31.3 million at 30 June 2026, reflecting increased investment in manufacturing.

The CEO's review attributed the higher EBIT to continued insourcing of manufacturing for critical components and cost management, and noted foreign exchange loss reduced to $1.0 million from $2.5 million.

Dividend Declaration and Buyback

On 28 August 2026 Waterco declared a final dividend of 13 cents per share, payable on 13 November 2026. With the interim dividend of 7 cents per share paid on 15 May 2026, total dividends for the year were 20 cents per share, an increase of 5 cents on the previous year. The final dividend represents a proposed cash amount of $4.554 million.

On 15 July 2026 the company announced its eleventh share buyback of $2,000,000 worth of shares (approximately 400,000 shares), commencing on 16 July 2026 and ending on 30 June 2027 or earlier if fully executed. Nigel Hobler was appointed Joint Company Secretary on 28 August 2026.

Dividend Details

The final dividend of 13 cents per share is franked at 100%, with an ex-dividend date of 29 October 2026 and a payment date of 13 November 2026. The annual report states all dividends paid or declared since the end of the previous financial year were fully franked, and the prior-year final dividend was 8 cents per share.

Risks and Catalysts on Watch

Demand: the company states revenue tracks residential pool, spa and rural pump demand and economic conditions.
Margins: the CEO noted margins remain below where the company wants them, in particular EBIT to sales revenue.
Net debt: net debt increased to $31.3 million at 30 June 2026.
Buyback: the eleventh buyback runs to 30 June 2027 or until $2,000,000 is purchased.
Dividend dates: ex-date 29 October 2026 and payment 13 November 2026.

Wrapping Up

Waterco's 13 cent fully franked final dividend has an ex-date of 29 October 2026 and a payment date of 13 November 2026. The 2026 annual report records higher EBIT and NPAT, total dividends of 20 cents for the year and a continuing share buyback.

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