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WAM Global Ltd. ( (AU:WGB) ) has shared an announcement.
WAM Global Ltd. announced a significant increase in its fully franked interim and special dividends, driven by a 23.7% growth in its investment portfolio over the past year. The company’s performance has led to a substantial rise in operating profit and a trading price at an attractive discount to net tangible assets. The portfolio’s strategy of being underweight in widely held stocks like the ‘Magnificent Seven’ has led to outperformance, further supported by anticipated market shifts under the Trump administration. The company’s focus on high-quality companies such as SAP, MSCI, TransUnion, and Visa has contributed to its success, resulting in an increased dividend yield well above market averages.
More about WAM Global Ltd.
WAM Global Ltd. operates in the investment management industry, focusing on managing a portfolio of high-quality, undervalued growth companies positioned to benefit from market trends and potential mergers and acquisitions. The company aims to provide solid returns and dividends to its shareholders.
YTD Price Performance: 1.79%
Average Trading Volume: 293,663
Technical Sentiment Consensus Rating: Strong Sell
Learn more about WGB stock on TipRanks’ Stock Analysis page.
