Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

LICs Are Jumping, Including AFIC (ASX:AFI) Up 2% And WAM Capital (ASX:WAM) Up 6%

The listed investment company (LIC) industry is rising as investors celebrate keeping their franking credits.

A LIC is a business which aims to generate returns for its shareholders by investing in other businesses and assets.

What’s Going On With LICs?

The LIC structure allows investment managers to turn the investment gains they make for shareholders into a dividend stream, (usually) fully franked.

Some of the biggest LICs in the country are well known for their dividends and franking credits.

Australian Foundation Investment Co.Ltd. (ASX: AFI) is the biggest and one of the oldest LICs, its share price is up 2.35%.

Argo Investments Limited (ASX: ARG) is another old and large LIC, its share price is up 1.5%.

Milton Corporation Limited (ASX: MLT) is also an old and famous LIC, its share price is up 2.2%.

Bki Investment Co Ltd (ASX: BKI) is another LIC, although it’s not as old. The Bki share price is up 3%.

There are other LICs which have much bigger dividend yields and the saving of franking credit refunds have an even larger effect on shareholder returns.

For example the flagship of the Wilson Asset Management (WAM) stable, WAM Capital Limited (ASX: WAM), is up 6.3%.

Other WAM LICs are also up. The WAM Research Limited (ASX: WAX) share price is up 6% and the WAM Microcap Limited (ASX: WMI) share price is up 4.5%.

There are a few other LICs that are also moving thanks to their big dividend yields. The Naos Emerging Opportunities Company Ltd (ASX: NCC) share price is up 2.5% at lunch.

However, as expected, some non-franked yield plays are falling today. The Goodman Group (ASX: GMG) share price is down almost 1%, the Scentre Group (ASX: GMG) share price, the Transurban Group (ASX: TCL) share price is down 1.4% and the Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is down almost 3%.

There are still a few LICs that are trading at large discounts, but the most popular ones have certainly recovered some of the lost ground. Because of that, I might prefer investing in one of the reliable ASX shares in the free report below.

[ls_content_block id=”14945″ para=”paragraphs”]

Disclosure: Jaz owns shares of WAM Microcap at the time of writing, but this could change at any time. 

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content