Australia's WAM Strategic Value gains on upbeat annual profit, dividend

WAM Strategic Value

03/08/2026 06:56

** Shares of WAM Strategic Value WAR.AX rise as much as 1.8% to A$1.120, hitting their highest since July 14
** Stock on track to log biggest intraday pct gain since July 14
** Investment manager says its investment portfolio reported FY26 operating profit after tax of A$12.7 million ($8.93 million), higher than last year's A$11.5 million
     ** Also increases portfolio's full-year dividend to 6.5 Australian cents per share, an 8.3% increase from last year
** Stock down 2.6% YTD

($1 = 1.4223 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((Shravya.Marakini@thomsonreuters.com;))