Highlights

  • WAM Strategic Value (ASX:WAR) has declared a final Dividend of AUD 0.032 per share.
  • The dividend carries an annual Yield of 5.67% and is 100% franked.
  • The shares are scheduled to trade ex-dividend on 1 October 2026, with payment due on 30 October 2026.
  • NTA performance, portfolio re-ratings and realised gains remain important factors for the income outlook.

Listed Investment company WAM Strategic Value (ASX:WAR), managed by Wilson Asset Management, has declared a fully franked final dividend of AUD 0.032 per share. The shares are scheduled to trade ex-dividend on 1 October 2026, with the Record Date set for 2 October 2026 and payment scheduled for 30 October 2026. The dividend carries an annual yield of 5.67% and is 100% franked, adding an income component to the company's strategy of investing in Assets trading below their underlying value.

Dividend in focus

WAM Strategic Value's (ASX:WAR) final dividend amounts to AUD 0.032 per share and is fully franked. The annual yield stands at 5.67%, providing an income component alongside exposure to the company's value-oriented investment strategy.

The ex-dividend date is 1 October 2026, followed by the record date on 2 October 2026. Eligible shareholders are scheduled to receive the payment on 30 October 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?

WAM Strategic Value runs a distinctive strategy: it invests in companies and securities trading at a discount to their underlying value, including other LICs priced below their NTA, and seeks to unlock that value through corporate activity, restructuring or a re-rating over time. The portfolio is actively managed by the Wilson Asset Management team.

The two numbers that matter most for WAR are its NTA per share, which reflects the value of the underlying portfolio, and the discount or premium at which the shares trade to that NTA. The company has used on-market Buybacks and Shareholder engagement to try to narrow its own discount. Success ultimately depends on the manager identifying mispriced assets and catalysts that close the value gap.

Why income investors may be watching

For income investors, WAM Strategic Value (ASX:WAR) blends a fully Franked Dividend with a value-oriented, discount-hunting portfolio. The 5.67% annual yield may appeal to investors seeking income alongside exposure to potential portfolio re-ratings.

Investors may want to watch the NTA trend, the discount or premium to NTA and the level of realised gains generated by the portfolio. These factors can influence both the value proposition and the company's capacity to support future shareholder distributions.

Risks

As a LIC, WAR's share price can trade at a persistent discount to its NTA, and there is no guarantee that discount narrows; it can widen, weighing on returns. The value-focused strategy depends on catalysts materialising, which can take time, and portfolio performance is exposed to equity-market volatility.

Future shareholder distributions depend on the company's investment performance, realised gains and available franking capacity. A sustained period of weak portfolio returns could reduce the resources available to support distributions. LIC income is therefore not fixed and can vary over time.

Investor takeaway

WAM Strategic Value's fully franked final dividend of AUD 0.032 per share, payable on 30 October 2026, carries an annual yield of 5.67%. With 100% franking, the distribution adds an income element to a portfolio built around discounted assets and value-unlocking opportunities. Investors may want to monitor NTA, portfolio performance, realised gains and the discount to asset backing when assessing the sustainability of future distributions.