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Highlights:
- Dividends are a part of a company’s earnings that are distributed among its shareholders.
- A dividend is regarded as an important parameter that helps investors decide stocks to invest in.
- Investing in dividend-paying stocks can help investors to maximise their profit earnings.
- This article features five ASX-listed stocks that will be paying dividends in August 2022.
Investing in the stock market becomes more interesting when the stock pays back lucrative returns. These returns often come in the form of a dividend. Dividends are a share of a company’s income that is distributed among its shareholders. It is a form of acknowledgement that is shown to investors and shareholders who support the company by investing in it. The management of a company determines the amount of dividend that is to be paid to the shareholders.
Dividends act as important factor for investors while deciding on a stock. Choosing a dividend-paying stock could help an investor to expand his earnings and profits. Every established company tends to increase their dividends year on year. As a result, such stocks could be highly beneficial for investors.
While investing in the stock market, an investor must be aware of three important dates that are concerned with a dividend. These dates are- Ex-dividend date, record date, and dividend payment date.
Ex-dividend date: By this date, investors must buy shares of a company in order to become eligible for getting a dividend.
Record date: This is usually the day after the ex-dividend date, on which the names of the eligible shareholders are registered.
Dividend payment date: This is the day on which the final dividend amount is paid by the company to the eligible shareholders.
In this article, we have primarily discussed about five ASX-listed stocks that are about to pay a dividend in the month of August. These stocks are- Charter Hall, Goodman Group, Metcash, Cardno, and Mirvac Group.
Charter Hall Group (ASX:CHC)
Shares of the real estate giant Charter Hall Group (ASX:CHC) fell marginally on the ASX today (2 August). The stock ended at AU$12.260 per share, after shedding 1.920%.
Charter Hall’s stock price dipped 25.20% on the ASX in the last 12 months while on year-to-date basis, the share price has fallen by almost 42% (as of 4:10 PM AEST, 2 August 2022).
Charter Hall has been a promising dividend payer since 2020. The company has announced to pay dividends twice in 2022 so far, in February and in August. The company will be paying AU$0.204 per share as a dividend to its eligible shareholders on 31 August 2022. It should be noted that the dividend is 44% franked.
Image source: © Qing02051981 | Megapixl.com
Goodman Group (ASX:GMG)
Shares of the property management firm Goodman Group (ASX:GMG) closed 1.065% at AU$20.430 per share on the ASX today.
In last one year, Goodman’s share price has lost nearly 10% while on Y-T-D basis, the share price declined almost by 24% (as of 4:10 PM AEST).
Goodman Group has been consistently paying AU$0.015 per share as dividend to its shareholders since 2020. This time, the company will be paying the same amount as a dividend to its shareholders on 25 August 2022. It is to be noted that the dividend is not franked.
Metcash Limited (ASX:MTS)
Shares of food and staples firm Metcash Limited (ASX:MTS) closed flat at AU$4.160 per share on the ASX today.
In last one year, Metcash’s share price has registered a gain of almost 2% on the ASX. On year-to-date basis, the share price has fallen by 7%.
Metcash is another company that is expected to pay its dividend in August. The grocery wholesaler has determined to pay a fully franked dividend of AU$0.11 per share to its eligible shareholders on 10 August 2022.
Image source: © Jirsak | Megapixl.com
Cardno Limited (ASX:CDD)
Shares of commercial and professional service provider Cardno Limited (ASX:CDD) fell significantly on the ASX today and closed at AU$0.395 per share, down 4.819%.
Cardno’s share price went on to lose by almost 96% on the ASX in a year’s time. Moreover, the company’s Year-to-date basis share price also fell over 79%.
The board of Cardno has determined to pay a dividend of AU$1.7 per share to its eligible shareholders on 22 August 2022. The dividend will not be franked. This time, Cardno’s dividend gained almost by 50% compared to the dividend paid by the company in 2021 (AU$0.57 per share).
Mirvac Group (ASX:MGR)
Shares of the real estate investment managing firm Mirvac Group (ASX:MGR) closed 2.325% lower at AU$2.100 per share on the ASX on 2 August 2022.
Mirvac’s share price fell by 26.32% on the ASX in a year. Furthermore, the real estate firm’s Y-T-D-based share price fell by 30% (as of 4:10 PM AEST on the ASX today).
Mirvac Group has scheduled its dividend pay date for August 2022 as well. The board of Mirvac has decided to pay a dividend of AU$0.051 per share to its eligible shareholders on 31 August 2022. The dividend will not be franked.
