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WAM Income Maximiser Limited ( (AU:WMX) ) has provided an update.
WAM Income Maximiser reported that its investment portfolio rose 1.7% in February and is up 13.7% for the financial year to date, comfortably beating its benchmark, while assets reached $321.4 million and the share price closed February at $1.61. The company confirmed a fully franked monthly dividend of 0.55 cents per share for March and continues to deliver a high annualised yield on its IPO price, supported by an active Dividend Reinvestment Plan that keeps the focus on regular income.
Management highlighted that recent portfolio gains were driven by positive bank earnings, a rally in long-duration bonds, and resource stocks leveraged to commodities, despite volatility around companies perceived as exposed to potential AI disruption. Against a backdrop of rising geopolitical risk and inflation uncertainty, the team is gradually tilting the portfolio towards higher-quality corporate bonds and a more defensive stance, signaling a cautious but income-focused positioning for shareholders in the months ahead.
More about WAM Income Maximiser Limited
WAM Income Maximiser Limited is an Australian listed investment company focused on generating monthly income and capital growth by investing in high-quality domestic equities and investment-grade corporate debt. Managed by Wilson Asset Management, it targets an income return above the Reserve Bank of Australia cash rate by combining dividend-paying shares with credit instruments for yield-focused investors.
The company’s strategy emphasises Australia’s highest quality companies and corporate bonds, with a benchmark linked to a mix of the S&P/ASX 300 Accumulation Index and the Bloomberg AusBond Bank Bill Index plus a margin. It also operates a Dividend Reinvestment Plan, allowing shareholders to reinvest fully franked monthly dividends into additional shares at a price based on recent market trading.
Average Trading Volume: 283,825
Technical Sentiment Signal: Strong Sell
See more data about WMX stock on TipRanks’ Stock Analysis page.