What Are the Upcoming Interim Dividend Dates for WAM Income Maximiser (ASX:WMX) After Its Entitlement Offer?

Sonal Goyal

20 October 2026 12:43 PM AEDT

What Are the Upcoming Interim Dividend Dates for WAM Income Maximiser (ASX:WMX) After Its Entitlement Offer?

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Key highlights

WAM Income Maximiser Ltd (ASX:WMX) has fully franked interim dividends of 0.7 cents per share going ex on 19 October and 17 November 2026.
Payment dates are 30 October and 30 November 2026.
A 2 for 5 entitlement offer raised $172.4 million at $1.62 per new share, announced on 25 August 2026.

WAM Income Maximiser Ltd (ASX:WMX) is a listed investment company managed by Wilson Asset Management that listed in April 2025. As at 19 October 2026, it has fully franked interim dividends of 0.7 cents per share, one with an ex-dividend date of 19 October and the next on 17 November 2026. On 25 August 2026, the company announced the results of its entitlement offer.

About the company

WAM Income Maximiser is one of the Wilson Asset Management listed investment companies, and the announcement says its assets grew by about 50% to approximately $500 million following the offer.

Upcoming dividend details

Dividend type	Interim
Amount per share	$0.007
Franking	100% franked
Ex-dividend date	19 October 2026
Payment date	30 October 2026
Last price in the table	$1.575

Dividend type	Interim
Amount per share	$0.007
Franking	100% franked
Ex-dividend date	17 November 2026
Payment date	30 November 2026
Last price in the table	$1.575

Entitlement offer results

The 2 for 5 pro-rata non-renounceable entitlement offer closed with a total of $172.4 million raised at $1.62 per new share, including the shortfall offer and a placement. The entitlement offer raised $60.6 million from 2,932 shareholders and the top-up facility raised $17.9 million from 1,079 shareholders. Existing shareholders took up 62% of the funds, and everyone who applied under the entitlement offer and top-up facility received their full application.

The shortfall offer, open to eligible professional and sophisticated investors, closed on 24 August 2026 and raised $46.9 million at the same price. New shares were expected to be issued on 28 August 2026 and rank equally with existing shares from their date of issue. Nine firms acted as joint lead managers for the shortfall offer and placement.

Why the structure matters for dividends

More shares are now on issue after the offer, so total dividend payments rise with the share count even where the per-share amount stays at 0.7 cents. The announcement does not discuss the dividend timetable, which is taken from the company’s dividend schedule.

The offer was supported by a group of joint lead managers: Bell Potter Securities, Canaccord Genuity, Commonwealth Securities, E&P Capital, Morgans Financial, MST Financial Services, Ord Minnett, Shaw and Partners and Taylor Collison. The announcement refers to the bookbuild on 29 July 2026, which attracted demand well above the amounts available, and to the decision to place shares not taken up under the entitlement offer with investors who took part in the bookbuild.

The company says the larger capital base takes assets to about $500 million, an increase of around 50%. With a 2 for 5 offer, existing holders could take up two new shares for every five held at $1.62 per share. The monthly pattern of 0.7 cent dividends in the schedule applies to the shares on issue at each record date, so the enlarged share count affects the total paid, not the per-share amount.

How the dividend timetable works

The ex-dividend date of 17 November 2026 is the first trading day on which shares change hands without the right to the upcoming dividend of 0.7 cents per share. Shares bought before that date carry the entitlement, subject to the record date and settlement timing, while shares bought on or after it do not. Payment follows on 30 November 2026, 13 days after the ex-dividend date. The ex-dividend date falls 29 days after 19 October.

The dividend is fully franked, which means franking credits equal to the Australian company tax paid on the underlying profit are attached. How much those credits are worth depends on each shareholder’s own tax position, which this article does not assess.

A dividend is a distribution of profit that the board decides to pay, and the amounts quoted are per share. The total cash paid depends on the number of shares on issue at the record date, which can change if a company issues new shares or repurchases existing ones. Dates and amounts can change if the company announces an update.

Factors shareholders may weigh

Dividends from a listed investment company depend on realised profits, profits reserves and franking credits, and the announcement does not provide this detail. The offer increased the capital base, which needs to be invested, and returns depend on the manager’s investment results.

The 0.7 cent dividends are small relative to the $1.62 offer price, and the company can change its dividend policy.

What’s next

The 19 October interim dividend is paid on 30 October 2026, and the next ex-dividend date is 17 November 2026 with payment on 30 November 2026.

FAQs

Q: How much did the entitlement offer raise?

A:$172.4 million at $1.62 per new share, including the shortfall offer and placement.

Q: What share of the funds came from existing shareholders?

A:62% of the funds were taken up by existing shareholders.

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