WAM Strategic Value Declares Fully Franked AUD 0.03 Dividend with DRP Price at 1.10401
WAM Strategic Value Limited has confirmed a fully franked final dividend of AUD 0.03 per share for the financial year ending June 2025, alongside an updated Dividend Reinvestment Plan price.
- Final dividend of AUD 0.03 per share fully franked at 30%
- Dividend payable on 31 October 2025 with record date 3 October
- Dividend Reinvestment Plan (DRP) price updated to AUD 1.10401 with no discount
- DRP allows issuance of new shares or transfer of existing shares purchased on-market
- Update amends prior DRP details announced in August 2025
Dividend Confirmation and Payment Details
WAM Strategic Value Limited (ASX – WAR) has released an update to its dividend distribution details for the financial period ending 30 June 2025. The company confirmed an ordinary dividend of AUD 0.03 per share, fully franked at the corporate tax rate of 30%, payable on 31 October 2025. The record date for shareholders entitled to receive this dividend is set for 3 October 2025, with the ex-dividend date on 2 October.
Dividend Reinvestment Plan (DRP) Adjustments
This announcement updates the Dividend Reinvestment Plan (DRP) price and related information previously disclosed in August 2025. The DRP price has been set at AUD 1.10401 per share, with no discount applied. Shareholders participating in the DRP will receive new shares issued or existing fully paid shares transferred from those purchased on-market. The DRP shares will rank pari passu with existing shares from the date of issue, maintaining equal rights for participants.
Implications for Shareholders and Market
The DRP offers shareholders a flexible option to reinvest dividends without brokerage costs or minimum participation thresholds, as no minimum or maximum limits apply. The Board retains discretion to satisfy DRP dividends through a combination of new share issuance and on-market share transfers, a strategy that can help manage capital structure and market liquidity. For the FY2025 final dividend, all DRP shares were satisfied by transferring existing shares purchased on-market, reflecting a preference for limiting dilution.
Context and Forward Outlook
This update provides clarity on the dividend and DRP mechanics ahead of the payment date, important for investors assessing income returns and potential shareholding changes. While the dividend yield is modest, the fully franked nature enhances after-tax returns for Australian investors. Market participants will be watching DRP participation rates and any subsequent impact on share supply and price dynamics in the lead-up to and following the dividend payment.
Bottom Line?
WAM Strategic Value’s updated dividend and DRP details set the stage for shareholder returns and capital management into FY2026.
Questions in the middle?
- What level of shareholder participation will the DRP attract given the zero discount?
- How might the Board balance new share issuance versus on-market purchases in future DRP cycles?
- What impact will the dividend and DRP activity have on WAR’s share price and liquidity post-payment?
