WAM Income Maximiser (WMX) Announces Fully Franked Monthly Dividend of 0.67 Cents Per Share for November 2026

Overview of WAM Income Maximiser’s Monthly Dividend Policy

WAM Income Maximiser Limited operates as an Australian listed investment company focused on delivering consistent income distributions to shareholders. The recent announcement confirms the monthly dividend payment as part of its ongoing strategy to provide predictable cash returns. The declared amount of AUD 0.00670000 per share reflects income earned from the company’s investment portfolio during the period ending 30 November 2026.

This monthly dividend approach emphasizes the company’s commitment to maximizing income for shareholders by offering regular cash flow through scheduled payments. To qualify for this dividend, investors must be registered shareholders by the record date of 18 November 2026.

Full Franking and Tax Benefits for Australian Investors

The declared dividend is fully franked at 100%, meaning shareholders receive franking credits equivalent to the 30% Australian corporate tax rate. This full franking status enhances tax efficiency, especially benefiting Australian investors in lower tax brackets or tax-exempt entities by allowing them to claim credits for tax already paid by the company.

The distribution contains no unfranked portion (AUD 0.00000000 unfranked amount) and no conduit foreign income, confirming all income is sourced domestically and taxed accordingly. Shareholders are advised to consult tax professionals to understand how these franking credits impact their personal tax situations.

Critical Dates: Ex-Dividend, Record, and Payment

The ex-dividend date is 17 November 2026, which is the cutoff date to be eligible for this dividend. Shares sold on or after this date will not receive the dividend. The record date on 18 November 2026 determines the official shareholder register for dividend entitlement. The payment date is 30 November 2026, when dividends will be disbursed to eligible shareholders.

Shareholders not participating in the DRP will receive cash payments directly into their nominated bank accounts via the share registry. Those opting into the DRP will receive additional shares instead of cash on the same payment date.

Dividend Reinvestment Plan Details: No Discount on Reinvestment

WAM Income Maximiser offers a Dividend Reinvestment Plan allowing shareholders to reinvest dividends into new shares without any discount. The reinvestment price is based on the VWAP of shares traded on the ASX over the four trading days from 17 to 20 November 2026.

New shares issued under the DRP will be allocated on 30 November 2026 and will have equal rights and entitlements as existing shares from the issue date.

DRP Election Deadline and Default Procedures

Shareholders wishing to participate in the DRP must submit their election by 17:00 (5:00 PM) on Friday, 20 November 2026. Failure to meet this deadline will result in automatic cash payment of dividends. The default position for shareholders who do not elect participation is to receive cash distributions.

Shareholders can manage their DRP participation status or update details through the share registry or online shareholder portal. The DRP terms and conditions are accessible via the company’s official channels.

Cash Dividend Payments and Alternatives

Shareholders not enrolled in the DRP will receive the full dividend amount of AUD 0.00670000 per share as a cash payment on 30 November 2026, inclusive of franking credits. Payments are typically processed through the share registry and deposited into shareholders’ nominated bank accounts. It is important for shareholders to verify their banking information to avoid payment delays.

The choice between cash dividends and DRP reinvestment depends on individual investment goals. Cash provides immediate liquidity, while the DRP enables compounding of returns through additional share accumulation without brokerage fees.

Eligibility and Shareholder Registration Requirements

To qualify for the dividend, shareholders must hold ordinary fully paid shares and be registered on the company’s share register as of 18 November 2026. Investors should ensure their shareholding records are accurate and up to date with the share registry to avoid distribution issues.

Those holding shares via brokers or nominee accounts should confirm with their custodians that their holdings are registered appropriately to receive dividends and franking credits. The share registry offers assistance for shareholders with questions about eligibility and entitlements.

Market Context and Dividend Sustainability

This monthly dividend announcement underscores WAM Income Maximiser’s focus on delivering steady income returns through active portfolio management. The fully franked nature adds value for Australian investors, and the regular distribution schedule reflects management’s confidence in sustainable income generation.

Investors should note that dividends are not guaranteed and may fluctuate based on portfolio performance, market conditions, and management decisions. The declared dividend for the period ending 30 November 2026 represents an assessment of sustainable income for that timeframe. Prospective investors should review the company’s investment strategy, risk disclosures, and historical dividend records before investing.

Next Steps for Shareholders and Potential Investors

Current shareholders wishing to participate in the DRP must submit their election by 17:00 on 20 November 2026. Those who do not act will receive cash dividends. Shareholders should also confirm their banking and registration details are current to ensure timely payments.

Prospective investors aiming to receive this dividend must purchase shares before the ex-dividend date of 17 November 2026 and ensure settlement is completed beforehand. Interested parties should review WAM Income Maximiser’s prospectus, annual reports, and continuous disclosures for comprehensive information on the fund’s strategy, performance, and fees. The share registry provides support for both existing and new shareholders regarding dividend schedules and shareholding management.