Last dividend announcement for WAM was 23 April 2024 - equivalent this quarter would be 23 October (ie, six months after the last one). The 60% franking was the first reduced franking for WAM but WAX has had 60% franking before that, so not exactly unexpected. When franking credits are low, management is clearly going to reduce the franking rate paid out - but the dividend return to shareholders is still very strong.
As for selling WAM, I did that some time ago, over a year, but I still have WMI, WLE, WAX and WGB in my portfolio.
WAM Price at posting:
$1.53 Sentiment: Hold Disclosure: Held
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