WAM Active (ASX:WAA) Stock Hits 52-Week Low: Latest News and Market Outlook

Sonal Goyal

20 October 2026 09:18 PM AEDT

WAM Active (ASX:WAA) Stock Hits 52-Week Low: Latest News and Market Outlook

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Key highlights

WAM Active Ltd (ASX:WAA) touched a 52-week low during the 20 October 2026 session and closed at $0.885, down 9.69%.
WAM Active reported a 75.5% increase in its Investment portfolio for the year to 30 June 2026, in an announcement dated 28 August 2026.
Total fully franked dividends of 9.4 cents per share were declared for FY2026, including special dividends of 3.0 cents.

WAM Active Ltd (ASX:WAA) touched a 52-week low during the Trading session on 20 October 2026 and closed at $0.885, down 9.69%. WAM Active’s latest announcement covered here was released on 28 August 2026 and reported its FY2026 portfolio performance, results and dividends. No latest announcement has driven the share price move, so the announcement is described below on its own terms.

About WAM Active

WAM Active Limited is a listed investment company managed by Wilson Asset Management, based in Sydney. It has operated since January 2008 and invests in Australian listed securities using an active, market-driven approach, with the ability to hold cash.

FY2026 portfolio performance and profit

The company said its investment portfolio increased 75.5% in the financial year to 30 June 2026, outperforming the Bloomberg AusBond Bank Bill index and the S&P/ASX All Ordinaries Accumulation Index by 71.6% and 69.8%. Operating profit before tax rose 360.0% to $48.1 million from $10.5 million, and operating profit after tax rose 355.4% to $33.8 million from $7.4 million.

The investment performance together with fully franked dividends paid delivered a total Shareholder return of 40.2%, or 44.4% including the value of franking credits, for the year. Portfolio returns reflect the performance of the investments and not the movement of the company’s own share price.

Dividends

WAM Active declared a fully franked final dividend of 3.2 cents per share and a special fully Franked Dividend of 2.0 cents per share, with the final payable on 17 December 2026. Total FY2026 fully franked dividends are 9.4 cents per share, made up of a 6.4 cent full-year dividend and special dividends of 3.0 cents, including a 1.0 cent Special Dividend paid in 2026.

The company said the total dividends represent a fully franked Yield of 8.9% and a grossed-up yield of 12.7%, and that the 6.4 cent full-year dividend represents a 6.1% fully franked yield and an 8.7% grossed-up yield, based on a reference share price used in the announcement.

Investment themes and cash

The portfolio managers said performance was driven by exposure to four themes: critical minerals, electrification and grid infrastructure, precious metals and artificial intelligence. They described financial year 2026 as a period of elevated volatility, shifts in Interest Rate expectations, geopolitical developments and sector rotation, and said they actively managed cash, which peaked at 35.5% in February.

Sector backdrop

Listed investment companies hold portfolios of securities and report both portfolio performance and the company’s own share price, which can differ because the shares may trade above or below net asset value. Dividends are funded from profits and reserves, and special dividends are set by the board and are not assured to recur.

Active, market-driven strategies tend to be exposed to Volatility in smaller and less well-covered companies, as the managers noted.

Risks shareholders should weigh

A record portfolio return in one year does not predict future performance, and the portfolio’s exposure to themes such as critical minerals and precious metals means it can be affected by changes in those markets. The company can hold substantial cash, which affects returns in rising markets.

Special dividends of 3.0 cents are not a regular part of the dividend and may not be repeated, and the grossed-up yield figures include the value of franking credits and depend on the reference share price.

What’s next

Items to watch include the 17 December 2026 payment of the final and special dividends, the company’s monthly net Tangible Asset updates, the half-year result and any change in portfolio themes or cash levels.

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