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I was able to pick up 893 WAM Leaders today for a nice price of $1.136 per share. Take a look at my portfolio to see the true value of the cost and how much of a dividend they will bring. WAM Leaders is a Listed Investment Company that invests mostly inside the Australian Securities Exchange (ASX) top 200 companies. They do have investments in companies outside of the ASX 200 which form a minor part of their holdings.
They are also currently trading under Net Tangible Assets (NTA) which is strange for a Wilson Asset stock. This is why this stock is a definite buy.
WAM Leaders paid a full franked (tax credits) dividend of $0.01 on the 13th of April 2017 so I just missed out, however, the company has stated that the final dividend will most likely be higher than the interim dividend. Very good news for new holders. Lets just assume the dividend stays the same, $0.01, that gives a dividend yield of 1.76% and a forward dividend per year of $17.86.
While these are not massive numbers, the performance of other WAM products leaves me to believe this will be a long term winner. Over time this will continue to grow and leave me with a sustained dividend for many years to come. Looking forward to see the dividend grow over time.
Thanks for taking the time to read.
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