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WAM Microcap Limited (ASX:WMI)

ALERT: Price-sensitive ASX Announcement for WMI
Current share price for WMI : $1.460 -0.15 (-9.32%)+
Announcement
Release
19 Feb 2026 8:56AM
Price at Release
$1.610
Full Release
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Summary
WAM Microcap Limited has announced an increase in its fully franked interim dividend to 5.35 cents per share, yielding an annualised 6.6% and a grossed-up 9.4%. The company recorded a total shareholder return of 14.6% for the six months ending 31 December 2025, increasing to 16.2% with franking credits. While the investment portfolio grew by 11.4%, the S&P/ASX Small Ordinaries Accumulation Index experienced a 17.4% increase, influenced by a shift towards resources and financials where WAM Microcap has minimal exposure. Despite this, the portfolio's performance remains robust, outperforming the benchmark by 8.3% annually since its inception. The interim period also saw the company report an operating profit before and after tax of $43.2 million and $31.0 million, respectively. Investors benefit from the Dividend Reinvestment Plan that offers a 2.5% discount on the fully franked interim dividend.
Key Points
  • WAM Microcap Limited declared an increased fully franked interim dividend of 5.35 cents per share.
  • The annualised fully franked interim dividend yield is 6.6%, with a grossed-up yield of 9.4%.
  • Total shareholder return (TSR) was 14.6% for six months to 31 December 2025, 16.2% including franking credits.
  • Investment portfolio increased by 11.4% in six months to 31 December 2025.
  • The S&P/ASX Small Ordinaries Accumulation Index rose 17.4%, driven by a shift towards resources and financials.
  • WAM Microcap's investment portfolio has outperformed the benchmark by 8.3% per annum since inception.
  • The portfolio reported an operating profit before tax of $43.2 million and after tax of $31.0 million for six months to 31 December 2025.
  • WAM Microcap provides investors access to undervalued micro-cap growth companies with market capitalization under $300 million.
  • The Dividend Reinvestment Plan (DRP) offers a 2.5% discount for the fully franked interim dividend.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.