Maybe in your opinion it gives better output but you were trying to discredit the Motley Fool article by claiming it was fiction. They were just using a figure directly lifted from the WAM annual report, one that is a % based on the NAV and not the SP. See below quote directly from Page 8 of the Annual Report, "The Companyhas maintained an extremely high franked dividend yield over the past five years. WAM Capital is one ofthe highest-yielding listed investment companies (LICs) in Australia and in order to continue paying a 15.5cents per share full year dividend, the investment portfolio needs to increase more than 16% per annum,grossed-up for fees and taxes."
Don't let the facts get in the way of a good story Uber.
WAM Price at posting:
$1.54 Sentiment: Sell Disclosure: Not Held
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