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Highlights
Investors would eye shares of GrainCorp and Collins Foods as these go ex-dividend later this week.
Investors go after dividend shares as the latter boost the former’s investment portfolios.
- Investors become eligible for the next dividend offered by a company if they buy stocks before the ex-dividend date.
As we enter the new month, investors would be eyeing shares which could provide them dividends and boost their investment portfolios. Starting this week, ASX income investors would have many things to look at, including a few shares going ex-dividend.
Before going ahead, you should clearly understand the concept of ex-dividend.
So, investors only become eligible for the next dividend offered by a company if they buy stocks of that firm before its ex-dividend date. Sellers become eligible to get the dividend in case investors buy shares on or after the ex-dividend date.
Here we discuss two ASX 200-listed shares which are scheduled to go ex-dividend this week:
GrainCorp Ltd (ASX:GNC)
GrainCorp is focused on the storage of grain and related commodities. GrainCorp’s shares are scheduled to go ex-dividend on Wednesday, 6 July 2022.
GrainCorp’s board had announced a fully franked dividend of 12 cents per share for its shareholders in the company’s half-year results in May 2022. In addition, the company’s board also declared a fully franked special dividend of 12 cents per share. The company’s shareholders would receive a 24-cent dividend on 21 July 2022.
The company’s annual yield currently stands at 3.56%.
Meanwhile, the company’s shares were in focus recently following a forecast by the Australian government that winter crop planting would be at second highest on record. As per the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), winter crops across Australia would stand at 23.4 million hectares in 2022.
Collins Foods Ltd (ASX:CKF)
Collins Foods operates food service retail outlets. Collins Foods’ shares are scheduled to go ex-dividend on Friday, 8 July 2022.
Last week, Collins Foods’ board declared a fully franked final dividend of 15 cents per share at the firm’s FY22 results. The company’s full-year dividend stands at 27 cents, a rise of over 17% from last financial year.
The eligible shareholders would receive the dividend on 14 August 2022. The company’s annual yield currently stands at 2.69%.
Meanwhile, the company in its FY22 financial results announced 11.1% revenue surge to AU$1184.5 million.
The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) also rose 12.6% in continuing operations to AU$209.2 million. Statutory net profit after tax (NPAT) rose 47.2% to AU$54.8 million.
