- Most investors prefer to invest in dividend paying stocks.
- Stocks are typically purchased or sold with a dividend until two business days before the record date, at which point they become ex-dividend.
After paying its creditors, a firm might use a portion or all of its residual profits to pay dividends to its shareholders. However, if a company is facing cash crisis or needs capital for reinvestment, it can forego paying dividends.
Stocks are typically purchased or sold with a dividend until two business days before the record date, before they become ex-dividend.
Most investors prefer to invest in dividend-paying stocks as dividends are considered a great source of passive income. Investment in dividend-paying stocks is considered as less risky, and you can reinvest your dividend sum to get more profit.
Besides, with dividend amounts, you get help to fight inflation, and they are very less likely to be affected by market volatility.
Investing in dividends is secure, but investors should do necessary research and exercise patience while investing in dividends.
In this article, we at Kalkine Media® will discuss a few stocks which are going ex-dividend next week.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website
Ansell (ASX:ANN) is a global leader in offering superior health and safety protection solutions that improve people's lives.
In its recent ASX filing, Ansell reported US$1.95 billion in revenue and US$158.7 million in operating profit for the fiscal year 2022.
The company is scheduled to pay an unfranked dividend of AU$0.452 per share on 15 September 2022. The ex-date of the dividend is 29 August, and the record date is 30 August.
Meanwhile, Shares of Ansell last traded at AU$27.31 per share, up 0.26% on ASX on Friday (26 August).
Challenger (ASX:CGF) is a multifaceted financial services firm with key businesses in annuities and funds management.
Challenger reported its full-year results for the fiscal year 2022 on 16 August, with a 19% increase in normalised net profit before tax of AU$472 million. Profit was towards the top of the guidance range (AU$430 million to AU$480 million), supported by robust sales, FUM growth, and stable margins.
Challenger's normalised net profit before tax of AU$472 million was up 19% and towards the upper end of the company's target range.
The statutory net profit after tax was AU$254 million, owing to wider credit spreads and lower equities markets, which drove unrealised mark-to-market investment experience.
The company is scheduled to pay a fully franked dividend of AU$0.115 per share on 21 September 2022. The ex-date of the dividend is 29 August, and the record date is 30 August.
Meanwhile, Challenger's shares ended the week at AU$6.59 apiece, up 0.92% on ASX today.
Image Source: © Kiosea39 | Megapixl.com
Gale Pacific Limited
Gale Pacific (ASX:GAP) is engaged in designing and manufacturing advanced polymer products.
The company's reported revenue of AU$205.5 million for FY22, which was the same as FY21. Its EBITDA declined by 19% to AU$22.9 million in FY22. Gale Pacific had an NPAT of AU$7.6 million in FY22.
The consumer durables company is scheduled to pay a 75% franked dividend of AU$0.010 each share on 14 October 2022. The ex-date of the dividend is 29 August, and the record date is 30 August.
Meanwhile, Gale Pacific's shares ended the day at AU$0.33 each, up 3.13% on ASX today.
Evolution Mining Limited
Evolution Mining (ASX:EVN) is a gold ore mining company which has projects in New South Wales, Mungari in Western Australia, Mt Rawdon and Ernest Henry in Queensland, and in Canada’s Ontario
On 1 August, 2022, Evolution announced an updated Mineral Resource estimate at Ernest Henry. The updated model comprises 30,159 meters of fresh drilling from 119 drill holes.
The update incorporates all drilling results through 31 May 2022, and the mining model is exhausted until 30 June 2022.
The Mineral Resource was estimated into an interpreted 0.7% copper grade shell.
The mining firm is scheduled to pay a fully franked dividend of AU$0.030 each share on 30 September 2022. The ex-date of the dividend is 30 August, and the record date is 31 August.
Evolution Mining's shares last exchanged hands at AU$2.50 apiece, down 2.34% on ASX today.
Image Source: © Superdilok | Megapixl.com
Beach Energy Limited
Beach Energy (ASX:BPT) is an oil and gas exploration and production business established in Australia. The company's asset portfolio includes a stake in vital oil and gas infrastructure as well as assets in Australia and New Zealand.
On 15 August, Beach Energy shared its FY22 earnings result. The company's output fell 15% to 21.8 million barrels of oil equivalent. Its EBITDA increased 17% year on year to AU$1.1 billion in FY21.
The company's underlying NPAT was AU$504 million, while total revenue increased 13% to AU$1.08 billion.
The energy company is scheduled to pay a fully franked dividend of AU$0.010 each share on 30 September 2022. The ex-date of the dividend is 30 August, and the record date is 31 August.
Beach Energy's shares closed at AU$1.76 apiece today, up 0.28% on ASX.
Netwealth Group Limited
Netwealth Group (ASX:NWL) is specialises in wealth management. It provides financial intermediation services, superannuation products, managed accounts, managed funds, and investor-directed portfolio services.
In its FY22 results report shares on 24 August, Netwealth informed that revenue for the year jumped by 19.6% to AU$173.9 million. The company's NPAT increased by 2.7% to AU$55.6 million.
The financial firm is scheduled to pay a fully franked dividend of AU$0.100 per share on 29 September 2022. The ex-date of the dividend is 30 August, and the record date is 31 August.
Beach Energy's shares ended 3.12% lower to close trading at AU$13.35 apiece today on ASX.