Coles (ASX:COL) shares are under spotlight today, Kalkine Media tells why

September 01, 2022 01:32 PM AEST | By Ritwika

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Coles (ASX:COL) shares are under spotlight today, Kalkine Media tells why — Image source: © Qing02051981 | Megapixl.com

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Highlights:

Investors are keeping a tab on Coles shares today (1 September), as the stock is turning ex-dividend tomorrow.

Coles will be paying 30 Australian cents per share as dividend to its eligible shareholders on 28 September 2022.

Leading Australian supermarket, Coles Group Limited (ASX:COL) is garnering investors’ attention on ASX today, before it goes ex-dividend tomorrow (2 September). The shares of Coles buzzed in the green territory and gained by 1.651% to AU$17.85 per share at 12:12 PM AEST, today (1 September).

Significance of the ex-dividend date:

Ex-dividend date is one of the significant dates when it comes to investing in stock market. Ex-dividend date can simply be defined as the deadline by which an investor must buy shares of a particular company in order to be eligible for its upcoming dividend. Usually different companies have different ex-dividend dates, which depends upon the record and the payment date. Ideally, ex-dividend date is one business day prior to the record date.

Failing to buy shares within the ex-dividend date would not make an investor eligible to getting dividend.

Coles’ dividend distribution plan:

The board of Coles has determined to pay a fully franked final dividend of 30 Australian cents per share to its eligible shareholders, up by 3.3% compared to the previous corresponding period. The company is expected to pay the dividend on 28 September. The record date for this dividend is on 5 September 2022.

Coles’ share price performance on the ASX:

In the last one year, Coles’ share price has marked a loss of around 2% on ASX. Furthermore, on the YTD-basis, the retailer stock marked a loss of 0.54% on ASX (as 12:12 PM AEST, today).

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