These ASX shares are going ex-dividend this week; check out their pay dates

October 11, 2021 12:08 PM AEDT

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More on: Harvey Norman Holdings Limited Reece Limited

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Highlights

The term ex-dividend is used to describe a stock trading without the value of the next dividend payment.

The ex-dividend date or ‘ex-date’ is the day the stock begins trading without the value of its next dividend payment.A few ASX-listed companies going ex-dividend this week include – WAM LICs, Harvey Norman Holdings and Reece.

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The term ex-dividend is used to describe a stock trading without the value of the next dividend payment. The ex-dividend date or ‘ex-date’ is the day the stock begins trading without the value of its next dividend payment.

Dividends are generally announced a few weeks before the ex-dividend date. Thus, to become eligible to receive dividends, investors should buy stocks in a firm before the ex-dividend date.

On that note, let us zero in on three ASX stocks going ex-dividend this week:

WAM LICs

Wilson Asset Management shares an investment management agreement with eight LICs.

Four of WAM LICs, which are listed on the ASX, are trading ex-dividend on Monday. These include WAM Alternative Assets Ltd (ASX: WMA), WAM Research Ltd (ASX:WAX), WAM Microcap Ltd (ASX:WMI) and the Future Generation Global Investment Co Ltd (ASX:FGG).

These four LICs are scheduled to pay their fully franked dividends on 22 October 2021.

WAM Alternative Assets Ltd – 2 cents

WAM Research Ltd – 5 cents

WAM Microcap Ltd – 8 cents

Future Generation Global Investment Co Ltd – 8 cents

Harvey Norman Holdings Ltd (ASX:HVN)

Harvey Norman Holdings is into the business of selling furniture, computer, bedding, consumer electricals and communication products.

The stock would trade ex-dividend on Friday. It will issue a fully franked final dividend of 15 cents per share on 15 November 2021. The company has a dividend yield of 7.01% on its Friday’s closing price of AU$4.99

Reece Ltd (ASX:REH)

Reece Ltd is engaged in the distribution of plumbing-related work. The company is scheduled to go ex-dividend on Tuesday. It will pay a fully franked final dividend of 12 cents per share for FY21 on 27 October 2021. The company has a dividend yield of 1.01% on its Friday’s closing price of AU$17.86.

Duxton Water Ltd (ASX:D2O)

Duxton Water comes belongs to the utilities sector and invests in Australian water entitlements. The company is going ex-dividend on Thursday. It will pay a fully franked interim dividend of 3.1 cents per share on 29 October 2021. The company has a dividend yield of 4.24% on Friday’s closing price of AU$1.44.