WAM Income Maximiser Limited (ASX: WMX), a listed investment company managed by Wilson Asset Management that aims to provide monthly franked dividends and capital growth, has announced its November and December 2025 monthly fully franked dividends. According to an ASX announcement released on 10 November 2025, the Board of Directors declared a November dividend of 0.35 cents per share (0.50 cents per share including franking), payable on 28 November 2025, and a December dividend of 0.40 cents per share (0.57 cents per share including franking), payable on 31 December 2025.
The company also provided dividend guidance for the first quarter of 2026. The January 2026 dividend is projected to be 0.45 cents per share (0.64 cents per share including franking). The February 2026 dividend is expected to be 0.50 cents per share (0.71 cents per share including franking). The March 2026 dividend is guided at 0.55 cents per share (0.79 cents per share including franking). These dividends are subject to no material adverse changes in market conditions or the investment portfolio.
The dividends were declared as a result of available profits reserves, capital profits reserves, and franking credits as of 31 October 2025. WAM Income Maximiser Lead Portfolio Manager Matthew Haupt noted the investment portfolio’s outperformance in a market with elevated valuations, highlighting a vigilant approach to monitoring global liquidity and macroeconomic indicators. Since its inception in April 2025, the WAM Income Maximiser investment portfolio has increased 10.3%.
The Dividend Reinvestment Plan (DRP) is operational for both the November and December dividends, allowing participating shareholders to reinvest their dividends into additional shares. The relevant issue price will be calculated based on the volume weighted average market price (VWAP) of shares sold on the ASX over the four trading days commencing on the ex-dividend date. The DRP will operate without a discount for the monthly fully franked dividends.
