WAM Strategic Value Limited (ASX: $WAR) has reported an operating profit before tax of $8,023,335 for the half year ended 31 December 2023. The company's investment portfolio increased by 5.3% during this period, with an average cash weighting of 13.7%.
The Board decided to increase the FY2024 fully franked interim dividend to 2.25 cents per share, surpassing previous dividend guidance, as a result of WAM Strategic Value's strong investment portfolio performance in the financial year to 31 January 2024 of 8.2%. The investment portfolio increased 2.8% in January 2024, outperforming the S&P/ASX All Ordinaries Accumulation Index which rose 1.1%. The Board is committed to paying a stream of fully franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.
WAM Strategic Value (ASX: $WAR) has declared a fully franked interim dividend of 2.25 cents per share to be paid on 30 May 2024, reflecting the company's strong investment portfolio performance. The company's investment portfolio increased by 5.3% for the half year ended 31 December 2023, and the Board is committed to providing fully franked dividends to shareholders, subject to the company's financial position and prudent business practices.