Highlights

  • WAM Capital Limited is a listed Investment company managed by Wilson Asset Management.
  • The company declared a FY2026 total Dividend of 15.5 cents per share, franked at 60 per cent.
  • The board set an FY2027 full-year dividend target of 8.0 cents per share, split between interim and final payments.
  • WAM Capital manages a diversified portfolio focused on ASX-listed companies and related investment opportunities.

WAM Capital Limited (ASX:WAM) is a listed investment company managed by Wilson Asset Management. The company invests in a diversified portfolio of ASX-listed businesses, with its structure allowing shareholders exposure to an actively managed investment approach.

Recent Development

WAM Capital declared a final dividend of 7.75 cents per share franked to 60 per cent, taking the FY2026 total dividend to 15.5 cents per share on the same franking basis. Alongside this update, the board set an FY2027 full-year dividend target of 8.0 cents per share, comprising a 4.0 cents Interim Dividend and a 4.0 cents final dividend.

Investment Structure

WAM Capital listed in August 1999 and is managed by Wilson Asset Management. The mandate focuses on a diversified portfolio of growth companies, relative value opportunities and arbitrage investments. As a closed-end investment company, shares may trade above or below asset backing.

Financial Position

Pre-tax net tangible assets were 124.01 cents per share at 31 August 2026, compared with 121.17 cents per share a month earlier. The company reported a profit reserve of 5.7 cents per share after allowing for the FY2026 final dividend.

Key Factors to Monitor

Future company updates may provide further information on portfolio performance, monthly net Tangible Asset announcements and dividend-related developments. The first FY2027 interim dividend declaration will provide an update against the stated dividend target.

Risks

Dividend payments depend on available profits, realised gains and franking capacity. Portfolio exposure to small and medium-sized companies may result in changing investment outcomes, while shares in listed investment companies can trade at prices different from asset backing.

Key Insights

WAM Capital's recent updates highlight the relationship between portfolio performance, asset backing and dividend distributions within a listed investment company structure. Ongoing disclosures around portfolio results and capital management will provide further information about the company's operations.