Highlights

  • Wam Income Maximiser Ltd (ASX:WMX) trades ex-dividend on 18 Aug 2026, with payment due on 31 Aug 2026.
  • The interim dividend of $0.006 per share/unit is 100% franked.
  • At a recent price of AUD 1.72, a AUD 1,000 investment made today would buy approximately 581 shares.
  • Estimated cash dividend income on that AUD 1,000 outlay is around AUD 3.49, or roughly AUD 4.98 once the estimated franking credit is included.

Wam Income Maximiser Ltd (ASX:WMX) is due to trade ex-dividend on 18 Aug 2026, with payment scheduled for 31 Aug 2026. For investors weighing up how much income a fresh AUD 1,000 investment might generate, this article walks through the company's business, the mechanics of the upcoming payment, and an estimate of what that AUD 1,000 could be worth in dividend income once franking credits are taken into account.

Getting to Know the Business

WAM Income Maximiser is a listed investment company run by Wilson Asset Management, blending ASX equities with investment-grade corporate debt in pursuit of a monthly, fully franked income stream alongside capital preservation.

Dividend Data Point

Code

Company

Ex-Date

Amount

Franking

Type

Pay Date

WMX

Wam Income Maximiser Ltd

18 Aug

$0.006

100%

Interim

31 Aug 2026

Sizing Up a $1,000 Investment

The figures below are illustrative estimates only. They are based on the most recently available share or unit price at the time of writing and the dividend or distribution amount shown in the table above. Actual outcomes will differ depending on the price paid, the timing of purchase relative to the ex-dividend date, market movements, and whether the dividend is ultimately confirmed and paid in full. This article is general information only and is not financial product advice.

At a recent price of AUD 1.72, a AUD 1,000 investment would buy approximately 581 shares ahead of the 18 Aug 2026 ex-dividend date. Against the declared interim dividend of $0.006 per share/unit, that produces an estimated cash dividend of AUD 3.49. The dividend is 100% franked, adding an estimated franking credit of AUD 1.49 for eligible shareholders, taking the grossed-up value to around AUD 4.98.

Making Sense of Franking Credits

The dividend is fully franked, meaning Australian company tax has already been paid on the underlying profit, so eligible resident shareholders may claim a further credit on top of the cash amount.

What to Watch For

  • To receive this dividend, shares generally need to be purchased before the ex-dividend date, not the pay date.
  • Share or unit prices move continuously, so the number a AUD 1,000 investment buys today will differ from another day.
  • Dividend or distribution amounts, franking levels and pay dates can be revised by the issuer up until payment.
  • WMX is a relatively young LIC, and its blended equity-and-debt strategy means returns can behave differently from a pure equities LIC, particularly during periods of credit market stress.

Bringing It Together

On these estimates, a AUD 1,000 investment in Wam Income Maximiser Ltd made today would generate an estimated cash dividend of around AUD 3.49, or roughly AUD 4.98 once the estimated franking credit is added. As with any single dividend, this figure is only a snapshot; investors would typically also weigh the company's dividend history, franking consistency, and how the holding fits their broader portfolio and tax position before treating any one payment as representative.