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WAM Microcap Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It invests in stocks of companies operating across diversified sectors. The fund invests in value and growth stocks of micro-cap companies with a market capitalization of less than $300 million. It employs fundamental and quantitative analysis with bottom-up approach focusing on factors such as free cash flow, return on equity, quality of the potential investee company, management, earnings growth potential, valuation, and industry position to make its investments. The fund conducts in-house research to create its portfolio. WAM Microcap Limited was formed on May 15, 2017 and is domiciled in Australia.

WAM Microcap Dividend Announcement

• WAM Microcap announced a semi annually dividend of A$0.05 per ordinary share which will be made payable on 2024-10-29. Ex dividend date: 2024-10-14
• WAM Microcap annual dividend for 2024 was A$0.10
• WAM Microcap annual dividend for 2023 was A$0.10
• WAM Microcap's trailing twelve-month (TTM) dividend yield is 7.17%
• WAM Microcap's payout ratio for the trailing twelve months (TTM) is 9.33%

WAM Microcap Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-14A$0.05semi annually2024-10-29
2024-05-17A$0.05semi annually2024-05-30
2023-10-03A$0.05semi annually2023-10-16
2023-04-12A$0.05semi annually2020-10-23
2018-04-12A$0.03semi annually2018-04-27

WAM Microcap Dividend per year

WAM Microcap Dividend Yield

WAM Microcap current trailing twelve-month (TTM) dividend yield is 7.17%. Interested in purchasing WAM Microcap stock? Use our calculator to estimate your expected dividend yield:

WAM Microcap Financial Ratios

P/E ratio1.37
PEG ratio0.01
P/B ratio0.87
ROE73.13%
Payout ratio9.33%
Current ratio0.00
Quick ratio0.00
Cash Ratio4.01

WAM Microcap Dividend FAQ

Does WAM Microcap stock pay dividends?
WAM Microcap does not currently pay dividends to its shareholders.
Has WAM Microcap ever paid a dividend?
No, WAM Microcap has no a history of paying dividends to its shareholders. WAM Microcap is not known for its dividend payments.
Why doesn't WAM Microcap pay dividends?
There are several potential reasons why WAM Microcap would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will WAM Microcap ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While WAM Microcap has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is WAM Microcap a dividend aristocrat?
WAM Microcap is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is WAM Microcap a dividend king?
WAM Microcap is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is WAM Microcap a dividend stock?
No, WAM Microcap is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy WAM Microcap stocks?
To buy WAM Microcap you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy WAM Microcap stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.