Highlights

  • WAM Active (ASX:WAA) has declared a final Dividend of AUD 0.020 per share.
  • The dividend carries an annual Yield of 6.91% and is 100% franked.
  • The shares are scheduled to trade ex-dividend on 4 December 2026, with payment due on 17 December 2026.
  • Realised gains, NTA, active trading performance and franking capacity remain important factors for future distributions.

WAM Active (ASX:WAA) is Wilson Asset Management's actively traded listed Investment company, built around identifying shorter-term opportunities and market Mispricing across Australian equities. The LIC has declared a fully franked final dividend of AUD 0.020 per share, with an ex-dividend date of 4 December 2026, Record Date of 7 December 2026 and payment scheduled for 17 December 2026. The dividend carries an annual yield of 6.91% and is 100% franked, keeping income firmly in focus for shareholders heading toward year-end.

Dividend in focus

WAM Active's (ASX:WAA) final dividend amounts to AUD 0.020 per share and is fully franked. The annual yield stands at 6.91%, providing shareholders with an income component alongside exposure to the company's active Australian Equity strategy.

The ex-dividend date is 4 December 2026, followed by the record date on 7 December 2026. Eligible shareholders are scheduled to receive the payment on 17 December 2026. The 100% franking level may enhance the effective value of the distribution for eligible Australian shareholders able to utilise franking credits.

What is driving the business?

WAA pursues an active trading strategy in Australian equities, aiming to generate returns by identifying short-term market opportunities and mispriced securities. At 31 July 2026, it reported pre-tax NTA of AUD 0.96 per share and about AUD 162.6 million of Assets under management.

Since inception in January 2008, the investment portfolio had returned about 13.5% a year. The fund's shorter-term, opportunistic approach allows it to adjust positioning as market conditions change. Realised gains generated through that strategy remain important to the company's capacity to support Shareholder distributions.

Why income investors may be watching

For income investors, WAM Active (ASX:WAA) combines a 6.91% annual yield with 100% franking and exposure to an actively managed Australian equity portfolio.

The LIC structure gives the board flexibility in managing distributions across market cycles. Investors may want to monitor pre-tax NTA, realised gains, portfolio performance and franking capacity, as these factors influence the sustainability of future shareholder income.

Risks

An active trading strategy depends heavily on the manager's ability to identify and execute opportunities successfully. A weaker period of investment performance could reduce realised gains and pressure the resources available for future distributions.

As a smaller LIC, WAA can also be less liquid and may trade at a discount or premium to NTA, meaning the Market Price can diverge from underlying portfolio value. Future distributions remain discretionary and depend on investment outcomes, available profits and franking capacity.

Investor takeaway

WAM Active's fully franked final dividend of AUD 0.020 per share, payable on 17 December 2026, carries an annual yield of 6.91%. With 100% franking, the distribution adds to the income appeal of an actively traded Australian equity portfolio. Investors may want to monitor NTA, realised gains, portfolio performance and franking capacity when assessing the sustainability of future distributions.