WAM Alternative Assets (WMA) H2 2024 earnings summary

Executive summary

• WAM Alternative Assets offers ASX-listed access to a diversified portfolio of alternative assets, targeting absolute returns via dividend yield, capital growth, and diversification benefits.

• Since Wilson Asset Management's appointment as Investment Manager, the investment portfolio has delivered a 9.8% annual performance (before expenses, fees, and taxes).

Financial highlights

• Fully franked full year dividend for FY2024 increased to 5.2 cps, with a 5.1% fully franked dividend yield and a 7.3% grossed-up yield based on a $1.02 share price.

• Profits reserve at 30 June 2024 stands at 16.3 cps, up from 2.5 cps in October 2020.

• Dividends paid since October 2020 total 14.6 cps (19.5 cps including franking credits).

Outlook and guidance

• The company continues to focus on harvesting and reinvesting in alternative assets, aiming for consistent absolute returns and further portfolio revitalization.