Which ASX 200 shares helped deliver record profits and a 4.5% dividend?

These ASX 200 shares are driving a record profit for WAM Leaders investment portfolio.

| More on:
happy business people celebrate, share rise, record price, increase

Image source: Getty Images

WAM Leaders Ltd (ASX: WLE) provides investors with exposure to ASX 200 shares, focused on “compelling fundamentals, a robust macroeconomic thematic and a catalyst”.

This morning, WAM Leaders announced its fund delivered a strong outperformance in FY21, translating to an increase in fully franked dividends and record profits.

WAM Leaders delivered a FY21 operating profit before tax of $318.1 million, compared to a $1.2 million loss in FY20. It’s also notched a record operating profit after tax of $228.9 million.

The WAM Leaders board declared a fully franked final dividend of 3.5 cents per share. This brings its full-year dividend to 7.0 cents per share, a yield of about 4.5% at today’s prices.

Let’s take a look at which ASX 200 shares helped WAM Leaders achieve its record result and generous dividends.

Which ASX 200 shares does WAM Leaders hold?

WAM Leaders’ portfolio is concentrated towards the banking and financial sector, accounting for 34.1% of its holdings.

According to the company’s top 25 holdings, it has positions in Australia and New Zealand Banking Group Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Suncorp Group Ltd (ASX: SUN) and Westpac Banking Corp (ASX: WBC).

The financials sector has been a strong performer this year, with the S&P/ASX 200 Financials (INDEXASX: XFJ) rallying 17.77% year-to-date and 33.7% in the last 12-months.

In second place, the company has allocated 18.8% of its funds to ASX 200 shares in the materials sector.

Its top 25 holdings contain household names including BHP Group Ltd (ASX: BHP), Oz Minerals Ltd (ASX: OZL), Rio Tinto Ltd (ASX: RIO) and South32 Ltd (ASX: S32).

In the company’s most recent investment update, the fund increased its holding in CSL Ltd (ASX: CSL) and added Computershare Ltd (ASX: CPU) and Challenger Ltd (ASX: CGF) to the portfolio.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers