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Highlights
- Two business days before the record date is typically called the ex-dividend date.
- Investors prefer dividend-paying stocks to receive a steady income, as many companies consistently pay dividends even when business is not booming.
- To be entitled to receive the dividend amount, you must own the company's stock before the ex-dividend date.
Dividends are paid by businesses to keep or draw in investors and investors prefer dividend-paying stocks to receive a steady income, as many companies consistently pay dividends even when business is not doing very well.
Investors should, however, take other variables into account, such as the company's performance, when selecting a high dividend-paying stock.
The ex-dividend date determines which shareholders will get the company's declared dividend on that particular date. It is the day that the company's stock turns ex-dividend, which means that starting on that day, the stock does not have the value associated with its upcoming dividend payment.
Two business days before the record date is typically the ex-dividend date. As a general rule, to be entitled to receive the dividend amount, you must own the company's stock before the ex-dividend date.
In this article we will discuss three companies named BNK Banking Corporation Limited, Kelly Partners Group Holdings Limited and Uniti Group Limited, which are going ex-dividend next week.
These corporations declared dividends ranging from AU$0.004 to AU$0.34. The three companies going ex-dividend have a combined market capitalisation of around AU$4 billion.
BNK Banking Corporation Limited
BNK Banking Corporation (ASX:BBC) is involved in the business of retail banking, mortgage management, and mortgage broker aggregation services. The company has a couple of divisions - banking and aggregation.
Banks, deposits, and other financial services are offered under the Goldfields Money and Better Choice Home Loans brands in the banking sector. The aggregation sector links over 2,000 mortgage brokers with a panel of about 65 lenders through contracted administrative and infrastructure assistance.
Shares of BNK Banking closed trading at AU$1.05 apiece, up 8.81% on ASX today (July 15, 2022) in a weak Australian market. However, the bank has recorded a negative growth of -16.67% on a YTD basis.
On 13 July 2022, BNK Banking announced in an ASX filing that it would pay a fully franked dividend of AU$0.34 apiece to its shareholders. The ex-date of this dividend is 18 July 2022, and the payment date is 26 July 2022.
Image Source: © Iqoncept | Megapixl.com
Kelly Partners Group Holdings Limited
Australian company Kelly Partners Group Holdings (ASX:KPG) focuses on offering chartered accountancy and other professional services, primarily to private enterprises and individuals.
The accounting segment provides audits, business structuring, bookkeeping, accounting and tax services, outsourced chief financial officer (CFO), corporate secretarial, and other accounting-related services. Its other services include wealth management, investment offices, financial broking, and all other non-accounting services.
Kelly Partners shares last exchanged hands at AU$3.90 each, down 1.52% on ASX today (15 July 2022). The company's shares have fallen over 16% YTD.
The commercial and professional services provider Kelly Partners will pay a fully franked dividend of AU$0.004 per share on 29 July 2022. The ex-date of the dividend is 20 July 2022.
Uniti Group Limited
Uniti Group (ASX:UWL), a telecommunications services company, was earlier known as Uniti Wireless Limited.
The company provides various telecommunications products. The company has three business segments including consumer & business.
Uniti Group's shares ended 0.20% higher at AU$4.99 each on ASX today (15 July 2022). The company's shares have jumped almost 9% on a YTD basis.
Shareholders of Uniti Group will receive a fully franked dividend of AU$0.105 apiece on 4 August 2022. The ex-date of the dividend is 22 July 2022.
