WAM Research Holds Dividend Payout as Small-Cap Volatility Weighs on Portfolio

WAM Research Ltd. ( (AU:WAX) ) just unveiled an announcement.

WAM Research Limited reported net tangible assets of 80.46 cents per share before tax at 31 March 2026, ahead of paying an interim dividend of 5.0 cents per share, partially franked at 60%, on 28 May 2026. Based on the month-end share price of $1.125 and annualised interim dividends of 10.0 cents per share, the company highlighted an annualised interim dividend yield of 8.9% and a grossed-up yield of 11.2%, supported by substantial profits reserves and a long history of dividend payments.

The investment portfolio declined in March as small-to-mid cap stocks lagged large caps amid global volatility, inflation concerns and rising interest rate expectations, although WAM Research has still delivered 12.8% per annum portfolio performance since its strategy change in 2010, outperforming the broader market. Entertainment and hospitality group EVT contributed positively following strong interim results and a major debt refinancing, while land lease community operator GemLife Communities detracted after profit-taking and sector weakness, though WAM Research remains constructive on its long-term earnings outlook and demographic support.

The most recent analyst rating on (AU:WAX) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on WAM Research Ltd. stock, see the AU:WAX Stock Forecast page.

More about WAM Research Ltd.

WAM Research Limited is an Australian listed investment company focused on identifying undervalued growth opportunities in the domestic market, particularly among small-to-mid cap equities. The fund targets companies with strong fundamentals and seeks to deliver both capital growth and a reliable, tax-effective income stream through franked dividends for its shareholders.

Average Trading Volume: 187,213

Technical Sentiment Signal: Buy

Learn more about WAX stock on TipRanks’ Stock Analysis page.