The WAM Income Maximiser Ltd (ASX: WMX) share price is in focus after the company announced a fully franked monthly dividend of 0.66 cents per share, payable at the end of October 2026.
What did WAM Income Maximiser report?
- Dividend of 0.66 cents per share, fully franked
- Record date: 20 October 2026
- Ex-dividend date: 19 October 2026
- Payment date: 30 October 2026
- Dividend covers the October 2026 period
- Dividend Reinvestment Plan (DRP) available, no discount applied
What else do investors need to know?
WAM Income Maximiser continues its established pattern of delivering monthly, fully franked dividends with this latest announcement. The dividend is set at 0.66 cents per share, in line with recent payments, offering ongoing income to shareholders.
Investors can choose to reinvest their dividends via the company’s Dividend Reinvestment Plan (DRP). The DRP will operate at no discount, with the reinvestment price based on the volume weighted average market price across the four trading days from the ex-dividend date.
It’s important to note that shareholders need to confirm their DRP participation by 5pm on Thursday, 22 October 2026, if they wish to reinvest their dividends.
What’s next for WAM Income Maximiser?
WAM Income Maximiser remains focused on delivering regular, tax-effective income to shareholders through monthly, fully franked dividends. The ongoing DRP provides flexibility for investors seeking to accumulate more shares.
Looking ahead, the company will likely maintain its dividend strategy while monitoring market conditions and the performance of its investment portfolio.
WAM Income Maximiser share price snapshot
Over the past 12 months, WAM Income Maximiser shares have risen 4%, outperforming the S&P/ASX All Ords Index (ASX: XAO), which has risen 1% over the same period.
The post WAM Income Maximiser announces fully franked October 2026 dividend appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.