Highlight:
- The date on which a particular stock trades without the value of its next dividend is called the ex-dividend date.
- Here are five ASX 200 companies that will trade ex-dividend next week.
- GNE shares traded at an annual dividend yield of 6.11% on Friday (17 March).
Many S&P/ASX 200 Index shares are trading ex-dividend this month, with last month being the earnings reporting month. If you want to pocket the next dividend to be paid by your favourite company, then you must buy the shares before their ex-dividend date, the date on which a particular stock trades without the value of its next dividend.
Here are five such ASX 200 index companies that will trade ex-dividend next week.
Hub24 Ltd (ASX: HUB)
The investment management company last month declared an interim dividend of AU 14 cents per share after reporting 85% annual jump in its half-yearly net profit at AU$15.5 million.
HUB shares will turn ex-dividend on 20 March (Monday), as the record date for this dividend is 21 March. This interim dividend will be paid on 18 April 2023. As of 17 March, annual dividend yield of HUB shares was 0.96%.
Reece Ltd (ASX: REH)
On 22 February 2023, the construction equipment supplier announced an interim dividend of 8 AU cents per share. Ex-date for this dividend is 21 March, and the dividend will be paid on 5 April 2023.
This interim dividend is 6.6% higher than the interim dividend of 7.5 cps paid in HY22. Reece Ltd reported 18% growth in its net profit at AU$186 million for HY23.
Cochlear Limited (ASX: COH)
The hearing solutions provider declared an interim dividend of AU$1.55 per share to be paid on 14 April 2023. The record date for this dividend is 23 March, and ex-date is 22 March.
For HY23, Cochlear’s net profit declined 16% to AU$141.6 million while its revenue increased by 8% annually to AU$885.2 million. Despite the fall in HY23 profit, the company did not reduce its dividend amount, which was equal to the corresponding period of FY22. As on 17 March 2023, annual dividend yield of COH was 1.30%.
SEEK Limited (ASX: SEK)
Last month, this Australia-based online employment marketplace company reported 8.7% growth in its underlying net profit from continuing operations at AU$135 million compared with AU$124.4 million a year earlier. Due to this net profit growth, the company increased its interim payout to 24 AU cents per shares as against 23 AU cents last year.
SEK shares will trade ex-dividend on 22 March 2023, and the dividend will be paid on 5 April 2023. As on 17 March 2023, annual dividend yield of SEK shares was 1.94%.
Genesis Energy Ltd (ASX: GNE)
On 27 February, this energy company announced an interim dividend of 100% imputed 8.8 NZ cents per share against 8.70 NZ cents in the first half of 2022. However, non-resident shareholders will receive an additional 1.5520 NZ cps dividend as they do not get the benefit of New Zealand imputation credit.
So, the total interim dividend that will be paid to non-New Zealand residents is 10.35 NZ cents or 9.42 AU cents at a conversion rate of AU$1=NZ$1.0989. GNE shares traded at an annual dividend yield of 6.11% on Friday (17 March).