Australia's WAM Microcap hits near 3-week high on upbeat FY22 dividend
09/02/2022 02:06
** Shares of investment firm WAM Microcap WMI.AX rise as
much as 2.3% to A$1.965, their highest since Jan. 20
** Co declared a fully-franked interim dividend of 5 AU
cents ($0.3574) per share, an increase of 25% from FY21
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** Says dividend has been achieved through performance of
the investment portfolio since inception and the profits reserve
available
** Stock marks seventh straight session of gains
** As of last close, WMI up ~1.1% this year
($1 = 1.3992 Australian dollars)
(Reporting by Upasana Singh in Bengaluru)
((Upasana.Singh@thomsonreuters.com))
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