FY2026 final dividend maintained and FY2027 dividend update

Key points

• FY2026 final dividend maintained at 7.75 cents per share, partially franked at 60%
• FY2027 full year dividend target set at 8.0 cents per share
• Profits reserve expected to increase by 1.3 cents per share in FY2027
• Investment portfolio underperformed indices in FY2026
• Positive outlook for FY2027 based on improving market conditions

Full summary

WAM Capital Limited (ASX: WAM) has declared a final dividend of 7.75 cents per share, partially franked at 60%, bringing the FY2026 full year dividend to 15.5 cents per share, partially franked at 60%. The Board has announced an FY2027 full year dividend target of 8.0 cents per share, comprising an interim dividend of 4.0 cents per share and a final dividend of 4.0 cents per share. The decision to maintain the FY2026 dividend and set the FY2027 target is aimed at balancing income expectations with the preservation of the Company's capital base. The investment portfolio underperformed the S&P/ASX All Ordinaries Accumulation Index and the S&P/ASX Small Ordinaries Accumulation Index in FY2026, but the Board remains optimistic about the FY2027 performance due to improving market conditions.

Guidance

FY2027 full year dividend target of 8.0 cents per share

Outlook

The Board expects a positive performance in FY2027, driven by improving market conditions and attractive valuations of portfolio holdings.