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WAM Alternative Assets Ltd ( (AU:WMA) ) just unveiled an announcement.
WAM Alternative Assets Ltd announced an increase in its fully franked interim dividend to 2.7 cents per share, reflecting strong portfolio performance with a 9.5% annual increase since Wilson Asset Management took over as Investment Manager. The company is well-positioned to benefit from increased mergers and acquisitions activity due to a favorable interest rate environment and high levels of available capital in private markets. The appointment of Nick Kelly as Portfolio Manager is expected to drive further growth, while the company expresses gratitude to Dania Zinurova for her contributions.
More about WAM Alternative Assets Ltd
WAM Alternative Assets Ltd operates in the investment management industry, focusing on alternative assets. The company is managed by Wilson Asset Management, which has been responsible for its investment portfolio since October 2020. WAM Alternative Assets is known for its private equity investments and aims to capitalize on growth opportunities in private markets both in Australia and globally.
YTD Price Performance: -2.02%
Average Trading Volume: 115,156
Technical Sentiment Consensus Rating: Hold
For a thorough assessment of WMA stock, go to TipRanks’ Stock Analysis page.
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