Key highlights

  • WAM Global Ltd (ASX:WGB) has a fully franked final dividend of 6.6 cents per share with an ex-dividend date of 3 November 2026 and payment on 16 November 2026.
  • The 19 August 2026 announcement reports a full year dividend of 13.2 cents per share, fully franked.
  • The investment portfolio declined 4.2% in the twelve months to 30 June 2026, compared with a 14.8% rise in the MSCI World Index (AUD).

WAM Global Ltd (ASX:WGB) is a listed investment company managed by Wilson Asset Management that invests in global equities. As at 19 October 2026, it has a fully franked final dividend of 6.6 cents per share that goes ex-dividend on 3 November 2026. In an announcement dated 19 August 2026, the company declared an increased full year dividend and reported portfolio performance for FY2026.

About the company

WAM Global’s lead portfolio manager is Catriona Burns. The portfolio invests in global companies using a research-driven approach that the manager describes as disciplined and grounded in its investment process.

Upcoming dividend details

Dividend type

Final

Amount per share

$0.066

Franking

100% franked

Ex-dividend date

3 November 2026

Payment date

16 November 2026

Last price in the table

$1.975

The Board declared an increased fully franked full year dividend of 13.2 cents per share, of which the final dividend is 6.6 cents. The chairman said the listed investment company structure and the profits reserve allow the company to continue paying fully franked dividends through market cycles.

FY2026 performance

In the twelve months to 30 June 2026, the investment portfolio declined 4.2%, while the MSCI World Index (AUD) rose 14.8%. The announcement says global markets were driven by a historic concentration of returns in companies benefitting from artificial intelligence, and that the portfolio, although holding several AI beneficiaries, did not match the benchmark. A rising Australian dollar was a 4.3% headwind to returns.

Manager commentary

The manager describes AI as the defining theme of FY2026, creating wide divergence between companies directly exposed to AI infrastructure and data centre demand and those seen as disrupted or insufficiently exposed. The portfolio remains invested in beneficiaries across infrastructure, hardware, power, semiconductors and semiconductor design software, while avoiding speculative businesses where valuations reflect excessive optimism.

The full year dividend of 13.2 cents is made up of an interim dividend and the 6.6 cent final dividend, so the two halves are equal at 6.6 cents each. The company says the profits reserve and the listed investment company structure allow it to keep paying fully franked dividends through market cycles, even in a year in which the portfolio declined.

The announcement’s portfolio commentary highlights how narrow the market was. It says global returns were concentrated in companies benefiting from artificial intelligence, and that rising valuations make index levels elevated while large dispersion beneath the surface creates opportunities. It also notes that the Australian dollar’s rise reduced returns on foreign assets by 4.3%.

How the dividend timetable works

The ex-dividend date of 3 November 2026 is the first trading day on which shares change hands without the right to the upcoming dividend of 6.6 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 16 November 2026, 13 days after the ex-dividend date. The ex-dividend date falls 15 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

The portfolio underperformed its benchmark, and the dividend is paid from the profits reserve and franking credits rather than from the year’s portfolio return alone. The announcement says index valuations remain elevated, with significant dispersion beneath the surface.

Currency movements affect returns, as the 4.3% headwind from a rising Australian dollar shows. Future dividends depend on reserves, realised profits and franking credits.

What’s next

The final dividend goes ex on 3 November 2026 and is paid on 16 November 2026. The company will report on portfolio performance through its regular updates.