pending dividend announcement

On the basis that WAM just announced its final dividend of 5.0c which makes it 5.0 + 5.0c = 10.0c for the year one should surmise that WAA will continue similarly & announce a second 4.0c dividend making it 8.0c for the year.

Based on the last traded price of $1.045 (up 1.5c) the yield would be 7.655% fully franked.

If the next interim dividend for the first half of 2011-12 comes in @ 5.0c then the share price should realy gain momentum.

With only about 16 million shares on issue there is a high expectation that there will be several issues, over the period, of free options on a 1 for 1 basis to enable the company to get its share capital up to its target level of $100 million.