Key Highlights

  • The AUD 0.077 per-security final distribution is scheduled to trade ex-dividend on 08-Oct 2026.
  • The payment is 60% franked and is scheduled for 21-Oct-26.
  • At the stated price of AUD 1.16, the current Dividend data indicates a Yield of 6.71% for this distribution.
  • The current dividend timetable lists a 7.7-cent final dividend, franked at 60%, with an ex-date of 8 October and payment on 21 October.

WAM Capital Ltd (ASX:WAM) is approaching an important income date, with its final distribution due to trade ex-dividend on 08-Oct 2026. The payment is AUD 0.077 per security, carries 60% franking and is scheduled to reach eligible holders on 21-Oct-26. At the quoted price of AUD 1.16, the current dividend data places the indicated yield at 6.71%. For income-focused investors, the calendar is only one part of the picture: the sustainability of future distributions ultimately depends on the Economics of the underlying large Australian listed Investment company.

WAM Capital invests in undervalued growth companies and uses the LIC structure to distribute dividends from available profits and franking credits.

WAM’s 7.7-Cent Final Dividend Nears Its Ex-Date

The current dividend timetable lists a 7.7-cent final dividend, franked at 60%, with an ex-date of 8 October and payment on 21 October. The stated AUD 1.155 price gives an indicated yield of 6.71% for this payment. WAM’s dividend framework depends on investment performance, profit reserves and the availability of franking credits. For WAM, that makes the coming ex-date relevant for shareholders considering the timing of the final payment, while the broader investment case still rests on the company’s operating or portfolio performance. For WAM, an ex-dividend date determines entitlement mechanics; it does not by itself indicate whether the next distribution will be higher, lower or unchanged.

Profit Reserves Sit Behind the Distribution Model

WAM Capital Ltd operates as a large Australian listed investment company. For WAM, the income profile therefore needs to be assessed using measures appropriate to that structure rather than the dividend percentage in isolation. Viewed specifically for WAM, for an operating company, those measures can include earnings, margins, Cash Flow and balance-sheet capacity. Viewed specifically for WAM, for an investment company, NTA, portfolio returns, profit reserves and franking balances can be more informative. Viewed specifically for WAM, for a hybrid security, the contractual terms, issuer discretion and regulatory capital conditions become especially important.

A High Yield Still Needs Portfolio Support

Franking is another element of the October payment. The stated 60% franking level affects the tax composition of the distribution for eligible Australian investors, although the value of franking credits depends on individual circumstances. The cash amount remains AUD 0.077 per security. For WAM, investors comparing income opportunities may therefore want to separate the cash yield from any potential tax benefit and avoid treating the two as interchangeable.

What to Watch in WAM’s Profit Reserve

WAM’s future income capacity will depend on portfolio performance rebuilding or preserving the profits reserve and on the receipt or creation of franking credits. The 60% franking level on this payment is therefore an important detail alongside the cash yield.

For WAM Capital Ltd, the October distribution should also be viewed within the company’s own capital-allocation framework. ASX:WAM holders can use subsequent results to test whether earnings, portfolio returns or security terms continue to support the current income profile. For WAM, the most informative comparison will be between cash generated or realised during the next reporting period and the capital committed to operations, investments or distributions. For WAM, that company-specific balance will matter more to the durability of future payments than the isolated yield attached to the present ex-dividend event.

For WAM holders, a: The ex-dividend date in the current dividend timetable is 08-Oct 2026.