WAM Capital Holds Dividend Line as Volatility Weighs on NTA

An update from WAM Capital Ltd. ( (AU:WAM) ) is now available.

WAM Capital reported a pre-tax net tangible asset value of 125.31 cents per share at 31 March 2026, down from 136.56 cents in February, reflecting a weak month for small-to-mid cap stocks amid global volatility, rising inflation and expectations of interest rate hikes. The company declared an interim dividend of 7.75 cents per share, partially franked at 60%, contributing to an annualised yield of 9.3% and reinforcing its long-running track record of dividend payments, backed by a profits reserve of 21.1 cents per share and substantial franking credits.

The investment portfolio has delivered an annualised return of 14.4% per annum since inception in August 1999, outperforming the S&P/ASX All Ordinaries Accumulation Index at 8.0%, which underpins WAM Capital’s positioning as an active manager in growth and value opportunities. Portfolio performance in March was mixed, with Cobram Estate Olives contributing positively after completing its acquisition of California Olive Ranch and GemLife Communities Group detracting following profit-taking and sector-wide pressure on interest rate-sensitive real estate stocks, although WAM Capital remains constructive on GemLife’s long-term earnings outlook.

The most recent analyst rating on (AU:WAM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WAM Capital Ltd. stock, see the AU:WAM Stock Forecast page.

More about WAM Capital Ltd.

WAM Capital Limited is an Australian listed investment company focused on identifying undervalued growth opportunities, primarily in small-to-mid cap equities on the ASX. Managing an investment portfolio of about $1.4 billion, it aims to outperform the broader market while delivering regular, partially franked dividends to its shareholders.

Average Trading Volume: 1,011,502

Technical Sentiment Signal: Buy

Find detailed analytics on WAM stock on TipRanks’ Stock Analysis page.