From SSR, RIO to WOT: These ASX stocks to turn ex-dividend in August

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Highlights

  • The day the stock begins trading without the value of its upcoming dividend payment is known as the ex-dividend date.
  • The board of directors of a corporation decides the record date when a dividend is to be declared.
  • Companies like Rio Tinto, SSR Mining, and QV Equities are going ex-dividend in August 2022.

A stock is considered an ex-dividend if it no longer carries the value of the upcoming dividend payment. The day the stock begins trading without the value of its forthcoming dividend payment is known as the ex-dividend date or "ex-date."

The board of directors of a corporation decides the record date when a dividend is to be declared. In order to receive the dividend payment, a person must be listed as a shareholder on the book of the company as of this date.

According to the stock exchange regulations where the stock is traded, the ex-dividend date is set once the record date has been determined. The ex-date is typically one business day before the record date in this case.

Investors keenly wait for the new month to get the dividends and increase their portfolio values. This month, a few companies have already announced their ex-dividend dates, and in this article we at Kalkine Media® will talk about more companies that will be going ex-dividend during the rest of this month.

SSR Mining Inc

In Turkey and the Americas, SSR Mining Inc (ASX:SSR) and its subsidiaries are involved in the purchase, exploration, development, and operation of precious metal resource projects. The company looks for gold, silver, copper, lead, and zinc reserves.

On 3 August 2022, SSR changed the makeup of its executive staff. John Ebbett, presently the vice-president (VP) of project development at SSR Mining, has been elevated to executive VP of Growth and Innovation.

Chief operating officer Stewart Beckman will also return to Australia, where he will work as an internal resource for SSR Mining through the end of 2023. To ensure a smooth transition with Stewart, the search for the new executive VP, operations, and sustainability is currently underway.

On 3 August 2022, SSR Mining also declared a dividend of AU$0.075 per share. The ex-date of the dividend is 11 August 2022 and payment will be done on 7 September 2022.

Meanwhile, shares of SSR closed trading at AU$23.44 each, up 1.87% on ASX today.

Rio Tinto Ltd

Mining and processing of mineral resources is the main business of Rio Tinto Ltd (ASX:RIO). The mining giant operates in around 35 different nations around the world.

On August 2, Rio stated that it had successfully sold RG Royalties LLC, a direct wholly owned subsidiary of Royal Gold Inc., a royalty it held over the Fourmile development project and the Cortez mine operational region in Nevada, for US$525 million in cash.

Rio, which extracts copper, gold, iron ore, coal, aluminium, borates, titanium dioxide and other minerals and metals, reported revenues of US$29.8 million in the 1HFY2022 report. The company's underlined EBITDA decreased by 26% to US$15.6 million. However, the free cash was US$7.1 million.

Rio had announced to pay a fully franked dividend of AU$3.837 per share on 27 July 2022. The ex-date of the dividend is 11 August 2022, and the payment will be made on 22 September 2022.

Meanwhile, Rio's shares last traded at AU$99.18 each, down 0.21% on ASX today.

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Data Source- ASX website

Plato Income Maximiser Ltd

Investment firm Plato Income Maximiser Limited’s (ASX:PL8) main business is giving shareholders the chance to profit from a financial investment in a diversified, actively managed portfolio of Australian listed stocks.

On 01 August 2022, Plato announced to pay fully franked dividend of AU$0.0055 per share. The ex-date of the dividend is 16 August 2022, and the payment will be made on 31 August 2022, as per an ASX filing.

Meanwhile, Plato's shares ended 0.42% lower at AU$1.20 each on ASX today.

QV Equities Ltd

Investment firm QV Equities Limited (ASX:QVE) is based in Australia. The company's main business is investing in a diverse portfolio of companies listed on the Australian Securities Exchange but excluded from the S&P/ASX 20 Index.

In an ASX filing on 29 July 2022, QV said, it will pay fully franked dividend of AU$0.012 per share on 2 September 2022. The ex-date of the dividend is 15 August 2022.

Meanwhile. QV Equities' shares last exchanged hands at AU$0.97 per share, down 0.51% lower on ASX today.

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Pengana International Equities Ltd

Australia-based investment firm Pengana International Equities Limited (ASX:PIA) focuses primarily on an investment strategy to put Australian money into companies that are traded on international stock exchanges.

On 2 August 2022, Pengana announced to pay a fully franked dividend of AU$0.013 per share. The ex-date for the dividend is 31 August 2022 and payment date is 15 September 2022.

Meanwhile, Pengana shares ended 0.89% higher at AU$1.13 each on ASX today.

Wotso Property

Australia-based WOTSO Property (ASX:WOT) is a firm that provides property security. It runs workspaces in peri-urban, suburban, and rural areas that are geared toward small and medium-sized businesses. The company provides access to the Australian market for investors.

Some of the services offered by Wotso Property are flexible offices, coworking, day passes, etc.

On Monday (8 August), Wotso had released its annual report and as per the report, the group added four new buildings in advantageous locations, increasing the annualised turnover of WOTSO's flexspace to AU$23.7 million, or almost 50% this year which is more than pre-pandemic levels of AU$16 million.

WOT presently manages 42,000 square meters of flexible space and owns approximately 81,000 square meters of property. WOTSO is now home to just under 5,000 members and their businesses.

On 8 August 2022, Wotso announced to pay a dividend of AU$0.030 per share. The ex-date of the dividend is 15 August 2022, and the payment will be done on 06 September 2022.

Shares of Wotso ended 4.55% higher at AU$1.38 per share on Wednesday (10 August).


 


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