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: 2024-10-15
• 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 7.34%
• WAM Microcap's payout ratio for the trailing twelve months (TTM) is 65.12%
• WAM Microcap's dividend growth over the last five years (2018-2023) was 8.90% year
WAM Microcap Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-15 | A$0.05 | semi annually | 2024-10-29 |
2024-05-17 | A$0.05 | semi annually | 2024-05-30 |
2023-10-03 | A$0.05 | semi annually | 2023-10-16 |
2023-04-12 | A$0.05 | semi annually | 2023-04-24 |
2022-10-04 | A$0.05 | semi annually | 2022-10-17 |
2022-04-04 | A$0.05 | semi annually | 2022-04-14 |
2021-10-11 | A$0.08 | semi annually | 2021-10-22 |
2021-04-07 | A$0.04 | semi annually | 2021-04-20 |
2020-10-12 | A$0.06 | semi annually | 2020-10-23 |
2020-04-06 | A$0.03 | semi annually | 2020-04-21 |
2019-10-04 | A$0.04 | semi annually | 2019-10-18 |
2019-04-10 | A$0.02 | semi annually | 2019-04-26 |
2018-10-12 | A$0.04 | semi annually | 2018-10-26 |
2018-04-12 | A$0.03 | semi annually | 2018-04-27 |
WAM Microcap Dividend per year
WAM Microcap Dividend growth
WAM Microcap Dividend Yield
WAM Microcap current trailing twelve-month (TTM) dividend yield is 7.34%. Interested in purchasing WAM Microcap stock? Use our calculator to estimate your expected dividend yield:
WAM Microcap Financial Ratios
WAM Microcap Dividend FAQ
Other factors to consider when evaluating WAM Microcap as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: WAM Microcap's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, WAM Microcap publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, WAM Microcap distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from WAM Microcap are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: WAM Microcap sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, WAM Microcap distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: WAM Microcap declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of WAM Microcap's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review WAM Microcap's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.