WAM Active Limited (ASX:WAA – Get Free Report) insider Karina Kwan purchased 20,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of A$1.02 per share, for a total transaction of A$20,400.00.
WAM Active Stock Performance
The company has a market cap of $67.58 million, a price-to-earnings ratio of 8.10 and a beta of 0.75.
WAM Active Cuts Dividend
The company also recently declared a Interim dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 29th will be given a dividend of $0.01 per share. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Tuesday, June 16th. WAM Active’s payout ratio is presently 54.55%.
WAM Active Company Profile
WAM Active Limited is a close-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. It also invests in bills of exchange, other negotiable investments, and debentures. The fund seeks to take advantage of opportunities created by corporate transactions and other trading and arbitrage opportunities.
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