WCM Global Growth Announces AUD 0.0209 Quarterly Dividend, 100% Franked

Dividend Announcement Details

WCM Global Growth Limited (ASX, WQG) has declared an ordinary dividend of AUD 0.0209 per share for the quarter ending 30 September 2025. This dividend is fully franked, reflecting the company’s commitment to returning value to shareholders with the benefit of franking credits at the prevailing 30% corporate tax rate. The payment date is set for 31 December 2025, with the ex-dividend date on 10 December and the record date on 11 December.

Dividend Reinvestment Plan Offers Attractive Discount

Shareholders have the option to participate in WCM Global Growth’s Dividend Reinvestment Plan (DRP), which allows them to reinvest their dividends into new shares rather than receiving cash. Notably, the DRP shares will be issued at a 3% discount to the weighted average market price over the five trading days following the ex-dividend date. This discount provides an incentive for shareholders to increase their holdings, potentially enhancing long-term returns.

Capital Structure and Shareholder Impact

The DRP shares will be newly issued and rank pari passu with existing ordinary shares from the issue date, ensuring equal rights for all shareholders. There are no minimum or maximum participation limits, making the plan accessible to all investors. The deadline for DRP election is 16 December 2025, giving shareholders a brief window to decide on their participation.

Context and Market Implications

This dividend announcement aligns with WCM Global Growth’s steady approach to shareholder returns amid a complex investment environment. The fully franked nature of the dividend underscores the company’s strong tax position and profitability. Meanwhile, the DRP discount could encourage reinvestment, supporting the company’s capital base without diluting shareholder value excessively.

Investors will be watching closely to see the uptake of the DRP and how the market responds to the dividend payment, especially as the year-end approaches. The announcement does not provide explicit guidance on future dividends, leaving some uncertainty about the sustainability of this payout level.