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Highlights
- The ex-dividend date is also known as the reinvestment date.
- The shares of four ASX-listed companies are set to trade ex-dividend in July.
- Out of four companies, Cardno and Thorn Group shares are turning ex-dividend today (6 July 2022).
Stocks typically have an ex-dividend date which is one business day before the record date. You won't get the dividend payment if you buy a stock on or after the ex-dividend date. Instead, the pay-out goes to the seller.
The ex-dividend date is also known as the reinvestment date.
This month, four ASX companies' shares are set to trade ex-dividend. These include Cardno Limited, Thorn Group, Metcash Limited and Turners Automotive Group Limited.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX
Cardno Limited
Australia-based Cardno (ASX:CDD) is an infrastructure, environmental and social development company, which collaborates with customers in the public and commercial sectors to advance sustainable economic growth. Agriculture and rural development, economic development, climate change, gender inclusion, public finance management, governance, and the environment are some services which are offered by Cardno.
Cardno announced on 1 July 2022 that it would distribute an unfranked dividend of AU$1.70 per share. The shares are turning ex-dividend today (6 July 2022) and the payment date of the dividend is 22 August 2022.
Shares of Cardno crashed 87.80% today and were spotted trading at AU$0.25 per share on ASX at 2.12 PM AEST.
Thorn Group Limited
Sydney-based Thorn Group Limited (ASX:TGA) was founded in 1937 and it works as a diversified financial services company. Thorn Group provides working capital and business asset lending solutions to small and medium-size enterprises.
Thorn Group announced to pay a 100% franked dividend of AU$0.010 each share on 30 May 2022. The shares are turning ex-dividend today (6 July 2022). The payment date of the dividend is 25 July 2022.
Thorn Group's shares were spotted trading at AU$0.235 apiece, down 4.08% on ASX at 2.19 PM AEST.
Metcash Limited
In Australia and New Zealand, Metcash Limited (ASX:MTS) conducts business as a wholesale distributor and marketing firm. It operates in the food, alcoholic beverage, and hardware sectors.
The company's food section supplies independent supermarkets and convenience stores with a variety of goods and services. The liquor segment distributes alcoholic beverages to hotels and independent retail establishments. The hardware business runs company-owned retail locations and distributes hardware goods to independent retail establishments.
Metcash deals under the brand names IGA, Foodland, Mitre 10, Home Hardware, Total Tools, IGA Liquor, and Bottle-O. Metcash was started in 1920 and it is headquartered in Macquarie Park.
On 27 June 2022, Metcash announced to pay a fully franked dividend of AU$0.110 per share to its shareholders. The company's shares are scheduled to go ex-dividend on 12 July 2022, and the payment will be made on 10 August 2022.
Metcash shares were trading 1.18% higher today, trading at AU$4.28 per share on ASX at 2.24 PM AEST.
Image Source: © Casimirokt | Megapixl.com
Turners Automotive Group Limited
Turners Automotive Group (ASX:TRA) operates as an automotive retail business in Australia and New Zealand. The segments of Turners Automotive include automotive retail, finance, credit management, and insurance.
The automotive retail business unit buys and resells commercial products, trucks, heavy machinery, and automobiles, while the finance category offers SME's and consumers asset-based financing.
The corporate and SME sectors can make use of the collection, credit management, and debt recovery services provided by the credit management section. A variety of life insurance, consumer insurance, and savings products are marketed and managed by the insurance section.
Earlier, the company was known as Turners Limited, and in May 2017, it changed to Turners Automotive Group Limited. The group was established in 1984.
On 24 May 2022, Turners Automotive announced paying an 85% franked dividend of AU$0.063 per share. The company's shares are set to go ex-dividend on 18 July 2022.
Turners Automotive shares were trading flat at AU$3.25 per share on Wednesday (6 July 2022) at 2.33 PM AEST.
