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WAM Alternative Assets Ltd ( (AU:WMA) ) has issued an update.
WAM Alternative Assets reported a pre-tax net tangible asset value of 118.94 cents per share at 31 March 2026 and total assets of $234.8 million, ahead of paying an interim dividend of 3.0 cents per share, 60% franked, on 29 April 2026. The company highlighted an annualised interim dividend yield of 5.9% and a grossed-up yield of 7.4% based on its $1.01 share price, underpinned by a sizeable profits reserve and a track record of steadily increasing dividends since 2020.
Investment performance in March was driven by its water entitlements exposure via the Argyle Water Fund, which benefited from higher spot water prices, tightening supply conditions and appreciation in higher reliability entitlements. Management believes ongoing Australian government environmental water buybacks to 2027 and the low correlation of water rights to equity markets position this holding as a key contributor to portfolio resilience and potential revaluations, supporting WAM Alternative Assets’ income and capital preservation objectives.
More about WAM Alternative Assets Ltd
WAM Alternative Assets Limited is an Australian-listed investment company focused on alternative asset classes beyond traditional equities and bonds. Its diversified portfolio spans private equity, private debt, infrastructure, agriculture, real estate, fixed income, water rights and cash, targeting unique return streams and lower correlation to public markets for its shareholders.
Average Trading Volume: 159,230
Technical Sentiment Signal: Buy
Learn more about WMA stock on TipRanks’ Stock Analysis page.