PL8, FGG: These 2 ASX investment firms to pay dividend in May 2022

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PL8, FGG: These 2 ASX investment firms to pay dividend in May 2022

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Plato Income Maximiser Limited (ASX:PL8)
Image source: © Cammeraydave | Megapixl.com

Highlights

  • Ordinary shareholders of dividend-paying companies are usually eligible to get the dividend if they own the shares before the ex-dividend date.
  • The ex-dividend date of a stock is the first day on which it trades without the subsequent value of the dividend.
  • The payment date for a stock's dividend is the day on which the payments (either by checks or electronic payment)—are made to eligible shareholders.

A dividend is a part of a company's earnings that it pays to a class of shareholders chosen by the board of directors. Ordinary shareholders of dividend-paying companies are usually eligible to get the dividend if they own the shares before the ex-dividend date.

Although cash dividends are the most popular, dividends can also be paid in stock or other assets. Dividends are paid by mutual funds and exchange-traded funds (ETFs) in addition to companies.

The ex-dividend date of a stock is the first day on which it trades without the subsequent value of the dividend. Investors who bought the stock before the ex-dividend date are eligible for the next dividend payment, while those who bought it after the ex-dividend date are not.

The payment date for a stock's dividend is the day on which the payments (either by checks or electronic payment)—are made to eligible shareholders. The dividend will be paid to shareholders who owned the stock on the record date.

On this note, we will discuss about two investment companies that are set to pay a dividend this month.

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Data Source- ASX website dated 17 May 2022

Plato Income Maximiser Limited (ASX:PL8)

Plato Income Maximiser is an Australian investing firm. The company's main business is to offer shareholders the chance to profit from an investment in an actively managed, diversified portfolio of Australian listed shares.

The company invests in energy, materials-X-metals and mining, metals and mining-X-gold, gold, consumer discretionary-X-media, financials-X-property trusts, property trusts, industrials, consumer staples, and healthcare sectors.

Plato Income Maximiser announced to pay a dividend of AU$0.011 per share. The payment date of this dividend is 31 May 2022.

Stock performance: Shares of Plato Income Maximiser closed 3.17% higher on Tuesday (17 May 2022) at AU$1.30 each. Around 294K shares of the company were traded on the ASX on the same day.

Also Read: RIO, BHP, FMG: 3 ASX-listed mining stocks with best dividend yield

Source: © Davidwatmough | Megapixl.com

Future Generation Global Investing Company Limited (ASX:FGG)

Australia's investment firm FGG focuses on generating long-term capital growth for its stockholders. The company's primary goal is to give diversified exposure to global stocks while also assisting young Australians dealing with mental health challenges. Its main activities are investing in unlisted unit trusts and earning money from cash and cash equivalents.

The company invests its money with fund managers who have agreed to work for a fee of 0.0% management and performance fees. It works with the fund managers like Caledonia, Munro Partners, Antipodes Partners, Ellerston Capital, Magellan Asset Management, Cooper Investors, Marsico Capital Management, Nikko Asset Management Australia, VGI Partners, and Avenir Capital.

FGG announced a dividend of AU$0.030 per share to its shareholders. The pay date for this dividend is 27 May 2022.

Stock performance: Shares of CLW closed 0.79% lower on Tuesday (17 May 2022) at AU$1.26 each. Around 105K shares of the company are traded on ASX.

Also Read: CLW, DXI, HDN: 3 REIT stocks set to pay dividend this month

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