Listed investment company WAM Research has posted operating profit after tax of $9.41 million for the year to June, reflecting a significant lift in dividend income. The fund’s portfolio outperformed the S&P/ASX All Ordinaries Accumulation Index by 5.3 per cent, while the manager waived the $743,180 performance fee on a one-off basis. WAM’s top five performing stocks were McMillan Shakespeare, Credit Corp, RHG, ARB and IPGA. A fully franked final dividend of 3¢ a share will be paid on October 21. Jane Searle

ClearView Wealth says Peter Wade and Michael Jefferies have resigned as directors. Mr Jefferies was appointed an alternate director to Anthony Eisen. The board now has seven directors, four independent.Vesna Poljak