MGF, RF1: Two ASX-listed shares going ex-dividend this week

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Highlights

  • A few ASX firms are scheduled to go ex-dividend this week.

  • Ex-dividend is a date before which investors should buy stocks of a firm to be eligible to receive the next dividend.

  • Magellan Global Fund, which is the flagship investment fund of Magellan Financial Group (ASX: MFG) distributes dividend twice a year.


ASX dividend investors have many things to look at this week with a few companies scheduled to go ex-dividend. While a few of them have already gone ex-dividend, there are a couple of others that would trade ex-dividend today and tomorrow.

The ex-dividend date refers to the day before which investors should purchase the shares of a firm in order to be eligible to receive the next dividend from the company. In case, investors buy the shares of a company on or after the ex-dividend date, sellers become eligible to receive the dividend.

However, investors should be aware of the fact that the shares distributing high dividend are not considered to be good always. The higher dividend may be due to a massive decline in share price, indicating an upcoming financial trouble which could negative impact the company’s capability to pay dividends in future.

Here we discuss two ASX-listed financial shares which are scheduled to go ex-dividend this week:

Magellan Global Fund (ASX:MGF)

Magellan Global Fund seeks to give a return of 9% each year by investing in 20 to 40 of the world’s best shares. Magellan Global Fund, which is the flagship investment fund of Magellan Financial Group (ASX: MFG) distributes dividend two times in a year.

The fund is scheduled to pay an unfranked dividend of 3.66 cents per security on 21 July 2022. The shares of Magellan Global Fund are scheduled to trade ex-dividend on 1 July 2022. As of last closing, Magellan Global units have a dividend yield of 5.59%.

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Regal Investment Fund (ASX:RF1)

Regal Investment Fund manages a slew of alternative investment strategies. It provides investment management and investment advisory services to its clients.

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Regal also pays dividends to its shareholders two times annually. The fund is scheduled to pay a final and unfranked dividend of 24.5 cents per security on 22 August 2022. Regal’s shares are set to trade ex-dividend on 30 June 2022. As of last closing, Regal units have a dividend yield of 10.88%.

Meanwhile, Liberty Financial Group (ASX:LFG), Charter Hall Group (ASX:CHC) and Transurban Group (ASX:TCL)  have already gone ex-dividend on 29 June 2022, while Goodman Group (ASX:GMG) went ex-dividend on 28 June 2022. 


 


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