WAM Active reports strong performance and dividend yield

WAM Active Limited (ASX: $WAA) has reported a total shareholder return of 13.8% in the six months to 31 December 2023, along with an 11.5% investment portfolio performance in the financial year to 31 December 2023. The company declared a fully franked interim dividend of 3.0 cents per share, representing an annualised fully franked dividend yield of 7.9%.

Executive commentary on performance and dividend

Chairman Geoff Wilson AO stated, 'As a result of their exceptional stock-picking in a challenging market, the WAM Active investment team have achieved strong absolute investment portfolio performance during the period and continued to deliver returns for shareholders.' Lead Portfolio Manager Oscar Oberg commented, 'Pleasingly, over the last few months we have seen a stronger market leading to a more positive environment for equity and capital markets.'

Summary of WAM Active's performance and outlook

WAM Active's strong investment portfolio performance and fully franked interim dividend reflect the company's commitment to delivering returns for shareholders. The company's focus on providing a combination of capital growth and income returns is evident in the decision to maintain the fully franked interim dividend. With a track record of making a difference for shareholders and the community, Wilson Asset Management, the investment manager for WAM Active, continues to advocate and act for retail investors while investing over $5 billion on behalf of more than 130,000 retail investors.