Many companies went ex-dividend this week
More than AU$42 billion worth of dividends were announced in the recent ASX reporting season
Several companies have turned ex-dividend in the past couple of months, providing income to ASX investors. According to CommSec, ASX 200-listed companies announced over AU$42 billion worth of dividends in the recent ASX reporting season.
“The S&P/ASX 200 companies reporting either full-year or half-year accounts have announced dividends totalling AU$42.3 billion, down 1.7% from a year earlier. Just over 27% of dividend payers cut dividends above the historic average,” according to a report released by CommSec in August 2022.
On this note, let’s discuss five ASX-listed shares which turned ex-dividend this week:
Myer Holdings Ltd (ASX:MYR)
Myer is an Australian departmental store chain. The company said its retail shares traded with a fully franked final dividend of 2.5 cents per share on 28 September 2022. The dividend will be paid to the shareholders on 7 November 2022. Meanwhile, in its FY22 results, Myer reported a 12% on-year rise in total sales to about AU$3 billion. The company’s adjusted net profit after tax (NPAT) more than doubled to AU$60 million.
Myer CEO John King said: “Myer will pay a dividend for the first time in four years, demonstrating our confidence in momentum being built as we move into the second half, with a return to sales growth in the first five weeks of the second half with trade up by 15.2%, and a strong platform of future initiatives that are yet to be delivered as part of the Customer First Plan.”
Cedar Woods Properties Ltd (ASX:CWP)
Cedar Woods is involved in property investment and development. The ASX-All Ordinaries share went ex-dividend on 28 September 2022. In its FY22 results announced last month, the company’s board raised its final dividend by 7% to 14.5 cents, fully franked. The shareholders would receive the payment on 28 October 2022. Meanwhile, Cedar Woods reported an 11% rise in revenue to AU$333 million. The company’s net profit after tax (NPAT) was up 14% from that of previous year.
Charter Hall Long WALE REIT (ASX:CLW)
Charter Hall Long WALE is an Australian Real Estate Investment Trust (REIT). The company announced its shares went ex-dividend on 29 September 2022. The company’s board recently announced a quarterly distribution payment of 7 cents on 11 November 2022.
Waypoint REIT Ltd (ASX:WPR)
Waypoint REIT owns solely service stations and convenience retail properties. The company said its shares went ex-dividend on 29 September 2022. The company’s board recently announced a quarterly distribution payment of 3.95 cents on 15 November 2022. Meanwhile, in its first-half 2022 results, the company announced a revenue of AU$86.6 million from ordinary activities. The net profit after tax (NPAT) stood at AU$213.8 million for the half year ended 30 June 2022.
Centuria Industrial REIT (ASX:CIP)
Centuria Industrial REIT is a domestic pure-play industrial REIT. The company’s shares went ex-dividend on 29 September 2022. The company’s board recently announced a quarterly distribution payment of 3.95 cents on 28 October 2022. Meanwhile, the total distributions declared by the company in FY22 stood at 17.3 cents.