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WAM Alternative Assets lifts interim dividend as portfolio gains and franking capacity scrutinised

Story Highlights
  • WAM Alternative Assets increased its partially franked interim dividend to 3.0 cents, boosting yield while flagging potential limits on future franking capacity.
  • The company posted strong half-year returns and profit, driven by private equity, infrastructure and water assets, alongside a narrowing discount to net tangible assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
WAM Alternative Assets lifts interim dividend as portfolio gains and franking capacity scrutinised

Meet Samuel – Your Personal Investing Prophet

WAM Alternative Assets Ltd ( (AU:WMA) ) has issued an announcement.

WAM Alternative Assets has raised its interim dividend to 3.0 cents per share, partially franked at 60%, up from 2.7 cents, implying an annualised yield of 5.9% and 7.4% on a grossed-up basis, while signalling that the FY2026 final dividend is expected to be at least the same level with similar franking. The board highlighted constraints on franking credit generation tied to realisation of unlisted growth assets and warned that future payouts could be only partially franked or unfranked if tax-paid profits do not materialise.

For the half-year to 31 December 2025, total shareholder return reached 9.4%, or 10.8% including franking, supported by a 4.9% uplift in the investment portfolio, strong private equity revaluations, steady inflation-linked infrastructure income and a narrowing discount to net tangible assets. The company reported operating profit after tax of $6.5 million, underscored upside in its Australian water investments amid tightening supply and rising prices, and noted its treasury tool has roughly doubled returns versus holding cash while maintaining diversification from traditional equities.

The most recent analyst rating on (AU:WMA) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on WAM Alternative Assets Ltd stock, see the AU:WMA Stock Forecast page.

More about WAM Alternative Assets Ltd

WAM Alternative Assets Limited is an ASX-listed investment company focused on alternative assets, including private equity, infrastructure and water entitlements, managed by Wilson Asset Management since October 2020. The portfolio aims to deliver uncorrelated absolute returns and diversified income to shareholders, with exposure to Australian real assets and investment-grade credit through a dedicated treasury tool.

Average Trading Volume: 138,240

Technical Sentiment Signal: Strong Buy

Learn more about WMA stock on TipRanks’ Stock Analysis page.

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