If you’re looking to get in on the upcoming WAM Leaders Limited (ASX: WLE) dividend, time is running short.
The listed investment company (LIC) trades ex-dividend tomorrow, 17 November.
WAM Leaders dividend up 14% from last year
WAM Leaders’ board declared a 4 cent per share interim dividend and a 4 cent per share final dividend in FY 2022. Shareholders received the interim dividend on 29 April. The final dividend will be paid out two weeks from today, on 30 November.
But as we said, WAM trades ex-dividend tomorrow. So in order to pocket that income, investors will need to own shares before today’s closing bell.
The 8 cent per share total, fully franked dividend payout to longer-term shareholders this year represents a record payout and a 14.3% lift from the prior year. At the current share price of $1.55 this represents a 5.2% trailing yield.
WAM Leaders was able to make the record full-year and interim dividend payments after it delivered record investment outperformance in FY 2022. The LIC’s gross portfolio return over the financial year came in at 9.7%, which beat the S&P/ASX 200 Accumulation Index (ASX: XJOA) by a record 16.2%.
This came despite a year of significant market volatility. Or perhaps because of it.
According to WAM Leaders lead portfolio manager of Matthew Haupt, “We welcome periods of uncertainty and volatility, and expect inflection points over the coming year will present further opportunities for our shareholders.”
WAM Leaders share price snapshot
Atop its juicy dividend offer, the WAM Leaders share price has gained 4.2% in 2022. That compares to a 7.6% loss posted by the All Ordinaries Index (ASX: XAO).
The post Keen to pocket the next WAM Leaders dividend? You’d better hurry appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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