WAM Active's (ASX:WAA) board declared an increased fully franked interim dividend of AU$0.032 per share and a special fully franked dividend of AU$0.01 per share, according to a Tuesday Australian bourse filing.

The interim dividend is payable on May 28 to shareholders on record as of May 18. The special dividend is payable on June 30 to shareholders on record as of June 18.

It declared an interim dividend of AU$0.03 in the previous year. The dividends declared represent an annualised fully franked interim dividend yield of 6.5% and a grossed-up dividend yield of 9.3%, when including the value of franking credits.

Its investment portfolio increased 41.4% and 31.4% for the 12-month and six-month periods ended Dec. 31, 2025.

Its shares rose 5% in recent trading on Tuesday.