Wam Capital (ASX:WAM) has declared a full year fully franked dividend of 15.5 Australian cents per share.

The financial performance for the company in the fiscal year showed an operating profit before tax of A$233.2 million, representing a significant turnaround from the previous loss of A$425.9 million.

The company has indicated that its ability to continue paying fully franked dividends in 2024 will depend on generating additional profit reserves.

Wam Capital is a major player in the financial industry, with its services primarily focussed on banking and investment.