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WAM Capital Ltd. ( (AU:WAM) ) has shared an announcement.
WAM Capital Limited announced a 22.2% increase in its investment portfolio for the financial year, outperforming key indices and enabling the company to maintain its annual full-year dividend. The board declared a final dividend of 7.75 cents per share, partially franked at 60%, resulting in a high dividend yield for shareholders. The company’s strong performance was attributed to effective stock picking and a favorable equity market backdrop, despite volatility in the latter half of the year. WAM Capital remains optimistic about the future prospects of undervalued small-cap growth companies, which are expected to benefit from interest rate trends.
More about WAM Capital Ltd.
WAM Capital Limited is an investment company listed on the Australian Securities Exchange (ASX: WAM), known for its strong investment portfolio performance. The company focuses on disciplined and high-conviction stock selection, primarily targeting small-cap growth companies across various sectors.
Average Trading Volume: 916,710
Technical Sentiment Signal: Buy
For an in-depth examination of WAM stock, go to TipRanks’ Overview page.