WAM Research (ASX:WAX) Dividend Payout Ratio: 0.00 (As of Dec. 2025)


ASX:WAX WAM Research Ltd ASX:WAX
40 GF Score
Price A$1.03
GF Value A$0.01
Valuation Significantly Overvalued
! 1 Warning Sign
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What is WAM Research Dividend Payout Ratio?

WAM Research ASX:WAX 40 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates ASX:WAX with a GF Score™ of 40/100 and a GF Value™ of A$0.01 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 931 Asset Management companies, WAM Research ranks worse than 107411.28% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. WAM Research's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of WAM Research Ltd is 0.719, which seems too high.

The historical rank and industry rank for WAM Research's Dividend Payout Ratio or its related term are showing as below:


During the past 13 years, the highest Dividend Payout Ratio of WAM Research was 10.67. The lowest was 0.37. And the median was 0.71.

ASX:WAX's Dividend Payout Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.7
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-28), the Dividend Yield % of WAM Research is 9.76%.

During the past 13 years, the highest Trailing Annual Dividend Yield of WAM Research was 10.15%. The lowest was 2.83%. And the median was 7.36%.

WAM Research's Dividends per Share for the months ended in Dec. 2025 was A$0.05.

During the past 5 years, the average Dividends Per Share Growth Rate was 0.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of WAM Research was 75.00% per year. The lowest was -24.40% per year. And the median was 1.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

WAM Research (ASX:WAX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

WAM Research Dividend Payout Ratio Related Terms

WAM Research Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for WAM Research's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WAM Research Dividend Payout Ratio Chart

WAM Research Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.00 1.18 0.63 0.72

WAM Research Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.58 0.39 5.00 0.00

ASX:WAX vs BLK, BX, KKR: Dividend Payout Ratio Comparison

For the Asset Management subindustry, WAM Research's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WAM Research Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, WAM Research's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where WAM Research's Dividend Payout Ratio falls into.


ASX:WAX
40GF Score
WAM Research Ltd ASX:WAX
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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WAM Research Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

WAM Research's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.1/ 0.139
=0.72

WAM Research's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.05/ -0.016
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
WAM Research (ASX:WAX) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on WAM Research and its competitors. Over the past decade, WAM Research's Dividend Payout Ratio has ranged from 0.37 to 10.67. According to the industry distribution chart, WAM Research ranks #999999 out of 931 companies in the Asset Management industry.
Is WAM Research's Dividend Payout Ratio too high?
WAM Research's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 10.67. Based on the distribution chart, WAM Research ranks #999999 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, WAM Research has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WAM Research's Dividend Payout Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, WAM Research ranks #999999 out of 931 companies for Dividend Payout Ratio. This places WAM Research in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Historically, WAM Research's own Dividend Payout Ratio has ranged from 0.37 to 10.67 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on WAM Research and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAM Research's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAM Research stock overvalued right now?
Based on GuruFocus' analysis, WAM Research (ASX:WAX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$1.03 — trading 10150% above its estimated fair value. The current Dividend Payout Ratio is 0.00. WAM Research's overall GF Score™ is 40/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For WAM Research (ASX:WAX), the current Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is WAM Research (ASX:WAX) Overvalued in 2026?

Based on GuruFocus' analysis, WAM Research stock appears to be overvalued. The current stock price of A$1.03 is trading 10150% above its estimated GF Value™ of A$0.01. GuruFocus considers WAM Research to be Significantly Overvalued.

Key valuation signals for ASX:WAX:

  • Dividend Payout Ratio: 0.00
  • GF Value™: A$0.01 vs. price of A$1.03 (10150% above fair value)
  • GF Score™: 40/100 with 1 warning sign

No single metric tells the full story. See the ASX:WAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

WAM Research Business Description

Address 1 Farrer Place, Level 26, Governor Phillip Tower, Sydney, NSW, AUS, 2000
WAM Research Ltd is engaged in making investments in listed companies, including cash, term deposits, and equity investments. The company's investment objectives are to deliver a stream of fully franked dividends and to achieve a high real rate of return, comprising both income and capital growth, within the risk parameters acceptable.
40GF Score

Get the complete analysis for ASX:WAX

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.03
Price
A$0.01
GF Value