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WAM Microcap Ltd. ( (AU:WMI) ) has provided an update.
WAM Microcap Limited announced a strong performance of its investment portfolio, which outperformed the S&P/ASX Small Ordinaries Accumulation Index for the eighth consecutive year, with an 18.8% increase over the past year. This success allowed the company to increase its fully franked dividend to 10.6 cents per share, representing a high dividend yield. The company’s strategic focus on micro-cap opportunities and participation in capital market activities, such as takeovers, has contributed to its robust performance, benefiting stakeholders through increased dividends and shareholder value.
More about WAM Microcap Ltd.
WAM Microcap Limited is an investment company focused on constructing a portfolio of high-quality micro-cap companies. It operates within the financial sector, emphasizing investment in smaller companies with growth potential, and is listed on the Australian Securities Exchange (ASX: WMI).
Average Trading Volume: 185,130
Technical Sentiment Signal: Strong Buy
For an in-depth examination of WMI stock, go to TipRanks’ Overview page.