WAM Research Limited Announces Fully Franked Interim Dividend for the Six Months Ended December 31, 2014 Payable on May 28, 2015
January 26, 2015 at 04:29 pm
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WAM Research Limited announced a fully franked interim dividend of 4.0 cents per share for the six months ended December 31, 2014, an increase of 6.7% on the previous corresponding period, representing an annualized dividend yield of 6.8% (based on the last closing price). The record date for this interim dividend is May 20, 2015. The interim dividend will be paid on May 28, 2015 and shares will trade ex on May 18, 2015.
The ex-dividend date has been set later than usual to give full flexibility to shareholders to make a decision around their bonus option holding.
WAM Research Limited is an Australia-based investment company. The principal activity of the Company is making investments in listed companies. The Companyâs investment objectives are to provide a stream of fully franked dividends and achieve a high real rate of return, comprising both income and capital growth, within acceptable risk parameters. It provides investors with exposure to a diversified portfolio of undervalued growth companies, which are generally small-to-medium sized industrial companies listed on the Australian Securities Exchange (ASX). It invests in various sectors, such as consumer discretionary, industrials, cash, healthcare, information technology, financials, communication services, consumer staples, real estate, energy and materials. MAM Pty Limited is the investment manager of the Company.