Highlights

  • WAM Global (ASX:WGB) declared a fully franked FY2026 final Dividend of 6.6 cents per share.
  • Shares went ex-dividend on 3 November 2026; payment is scheduled for 16 November 2026.
  • FY2026 fully franked dividends totalled 13.2 cents per share, including the interim dividend.
  • The FY2026 portfolio declined 4.2%; the company reported a pre-tax operating loss of AUD 50.3 million.

WAM Global Limited (ASX:WGB) is a listed Investment company investing in a diversified portfolio of international growth businesses selected for valuation and potential catalysts. Its investment objective combines Capital growth with a stream of franked dividends. WAM Global shares closed at AUD 1.905 on 5 November 2026, following the ex-dividend date for its latest distribution. The company declared a fully franked final dividend of 6.6 cents per share for FY2026, even as its investment portfolio recorded a Negative return for the financial year.

Final Dividend, Franking and Important Dates

WAM Global (ASX:WGB) confirmed that its final dividend carries 100% franking, meaning the distribution is fully franked for Australian tax purposes. The ex-dividend date was 3 November 2026 and the Record Date was 4 November. The Dividend reinvestment plan election deadline is 6 November, with cash payment scheduled for 16 November 2026. These dates govern eligibility and payment.

The final payment of 6.6 cents per share follows a 6.6-cent Interim Dividend paid on 28 April 2026. Together, the two ordinary payments amount to 13.2 cents per share for FY2026. The value of franking credits depends on individual tax circumstances. Dividend yields also vary with share price.

FY2026 Earnings and Dividend Coverage

The FY2026 result provides an important contrast with the distribution decision. For the year ended 30 June 2026, WAM Global reported an operating loss before tax of AUD 50.3 million and an operating loss after tax of AUD 35.2 million. The investment portfolio fell 4.2% before expenses, fees and taxes. The company attributed benchmark underperformance partly to limited exposure to major artificial-intelligence beneficiaries.

WAM Global (ASX:WGB) explained that the listed investment company structure and accumulated profits reserve supported the declared dividend. At 30 June 2026, the profits reserve was 68.3 cents per share before the final dividend, equivalent to 5.2 years of coverage at the FY2026 ordinary dividend rate. This is a coverage calculation rather than a commitment to maintain payments for that period. Future fully franked distributions depend on profits reserves, portfolio results and the generation of franking credits through tax paid on realised gains.

September Portfolio Position and Key Risks

The September 2026 investment update recorded pre-tax net tangible Assets of 212.14 cents per share, compared with 215.13 cents at the end of August. Those figures were presented before the 6.6-cent final dividend. Total assets were AUD 766.9 million at 30 September 2026. Shares can trade at a premium or discount to net tangible assets, influencing Shareholder returns.

For WAM Global (ASX:WGB), the immediate dividend timetable is largely established, while medium-term outcomes depend on international Equity selection and the conversion of portfolio gains into distributable profits. Currency movements, changes in company valuations and concentration of global equity market returns can influence the portfolio. Portfolio decisions may also affect future results and dividend capacity.

Key Insights

WAM Global (ASX:WGB) has scheduled a fully franked 6.6-cent final dividend for 16 November 2026, completing an FY2026 ordinary dividend total of 13.2 cents per share. The AUD 50.3 million pre-tax operating loss and negative portfolio return make profits reserve coverage, changes in net tangible assets and subsequent investment performance central measures to monitor. Future dividend declarations will clarify whether the current payment rate remains consistent with the company’s financial position.