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WAM Research Ltd. ( (AU:WAX) ) has issued an update.
WAM Research reported net tangible assets before tax of 90.01 cents per share in February 2026, down from 97.47 cents in January, with assets of $187.9 million and portfolio performance of 13.6% per annum since its 2010 strategy change versus 9.4% for the benchmark. The board declared an interim dividend of 5.0 cents per share, partially franked at 60% and equivalent to an annualised interim yield of 8.4%, supported by a profits reserve of 46.8 cents per share but dependent on continued portfolio gains and the generation of franking credits.
The company highlighted that dividends paid since inception total 164.0 cents per share, or 230.0 cents including franking credits, underpinning its income-focused appeal for shareholders. February performance was mixed at a stock level, with GemLife Communities Group contributing after strong results and capital management news, while Web Travel Group detracted following a Spanish tax audit announcement that weighed on its share price despite the company later reaffirming guidance.
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 (ASX: WAX) is an Australian listed investment company focused on identifying compelling undervalued growth opportunities in the local sharemarket. It manages a diversified portfolio and targets superior long-term performance versus the broader S&P/ASX All Ordinaries Accumulation Index through active stock selection.
Average Trading Volume: 153,305
Technical Sentiment Signal: Buy
For an in-depth examination of WAX stock, go to TipRanks’ Overview page.