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.
WAA Price at posting:
$1.05 Sentiment: LT Buy Disclosure: Held
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