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Highlights:
- Four ASX-listed companies, Champion Iron Limited, Premier Investment Limited, Tower Limited, and ALS Limited, are expected to pay dividends to their shareholders in the upcoming weeks.
- Today the share price of ASX-listed iron ore company Champion Iron traded 7.664% lower at AU$5.060 per share on ASX at 2:15 PM AEST.
The dividend pay date is coming nearer for several ASX-listed companies, including Champion Iron Limited (ASX:CIA), Premier Investment Limited (ASX:PMV), Tower Limited (ASX:TWR), and ALS Limited (ASX:ALQ). These four ASX-listed are expected to make dividend payments to their shareholders in the coming weeks.
The payment date is the scheduled day when a declared stock dividend is paid to eligible investors. Noticeably, the pay date is always followed by an ex-dividend date.
The ex-dividend date is the first day when a stock trades without the benefit of its next dividend. It is often seen that the price of a stock falls on the ex-dividend date because the value of the stock decreases without the dividend.
Also watch:
A dividend is a small amount paid to shareholders in return for their investment in a company's stock. As discussed above, four ASX-listed companies slated to pay dividends to their shareholders in the upcoming weeks are Champion Iron Limited, Premier Investment Limited, Tower Limited, and ALS Limited. This article will look at important dates with respect to dividend payments and the share price performance of these four companies.
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Champion Iron Limited (ASX:CIA)
The shares of Champion Iron Limited traded 7.664% lower at AU$5.060 per share on ASX at 2:15 PM AEST today. The company has a market capitalisation of AU$2.83 billion. It I expected that Champion Iron would pay its shareholders a final dividend (0% franked) of AU$0.110 per share on 28 June. The company had set its ex-dividend date and record date as 6 June and 7 June, respectively.
In the last one year, Champion Iron Limited shares have fallen nearly 23.18%, while the stock is down almost 10.21% year-to-date (YTD).
Premier Investment Limited (ASX:PMV)
The share price of Premier Investment Limited traded 0.409% higher at AU$19.630 per share on ASX at 2:53 PM AEST today. The company has a market capitalisation of AU$3.10 billion. The company is expected to pay its shareholders a fully franked interim dividend of AU$0.460 per share on 27 July. Premier Investment shares have fallen up to 28% in the last one year, while the stock is down nearly 35.95% on YTD.
Tower Limited (ASX:TWR)
Tower Limited shares last traded at AU$0.565 per share on ASX on 22 June. The company announced on Tuesday (June 22) that the foreign exchange rate used for Tower's interim dividend paid to Australian investors in AUD has been set at $0.90357 AUD. The New Zealand-based insurance company is expected to make a dividend payment on 30 June 2022.
In the last one year, the share price of Tower Limited has fallen 20.42%, while the stock is down almost 18.12% in YTD.
ALS Limited (ASX:ALQ)
Shares of ASX-listed testing service provider ALS Limited traded 1.089% higher at AU$11.130 per share on ASX at 3:18 PM AEST. The company has a market capitalisation of AU$5.32 billion. ALS Limited shares have fallen almost 12.64% in the last one year, while the stock is down nearly 17.06% on YTD. The company is expected to pay a final dividend (30% franked) of AU$0.170 on 4 July.
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