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Highlights:
The upcoming week is set to be eventful for markets with many large and small cap ASX companies going ex-dividend. On Monday (6 March 2023) itself, five ASX 200 large and mid cap stocks--Ramsay Health Care Limited (ASX:RHC), QBE Insurance Group Limited (ASX:QBE), REA Group Limited (ASX:REA), Altium Limited (ASX:ALU) and Bendigo and Adelaide Bank Limited (ASX:BEN)--are going to trade without the value of their next dividend. Let’s know more about the dividend of these companies.
Ramsay Health Care Limited (ASX:RHC)
The healthcare service provider announced its interim results ended 31 December last year on 23 February this year. During the 1HFY23 period, total revenue stood at AU$7,380.8 million, increasing 10.4% from AU$6,687.4 million in pcp. Net profit after tax attributable to owners of the parent rose 22.3% to stand at AU$194.4 million from AU$158.9 million in 1HFY22.
The company declared a 100% franked interim distribution of 50 cps, a 3% increase on the pcp’s 48.5 cps. The record date for finalising the list of eligible shareholders entitled to the interim dividend is 7 March. The dividend will be paid on 30 March this year.
On Friday, 3 March 2023, RHC shares ended 1.163% higher at AU$66.930 per share.
QBE Insurance Group Limited (ASX:QBE)
The insurance and reinsurance company declared its FY22 results ended 31 December last year on 17 February 2023. For the reported period, the revenue of the company jumped 15% from US$20,762 million in FY21 to US$23,788 million, and profit went up by 3% to US$770 million from US$750 million in FY21.
The final distribution declared for FY22 is 10% franked 30 AU cps, 58% higher compared to the final dividend of AU 19 cps announced in FY21. The ex-dividend date is 6 March, and the record date is 7 March. The above dividend is payable on 14 April this year.
On Friday, QBE shares closed 0.66% lower at AU$15.050.
REA Group Limited (ASX:REA)
A multinational digital ad group which specialises in property released its 1HFY23 results ended 31 December 2022 earlier last month. During the first half period, revenue from ordinary activities stood at AU$617.3 million, an increase of 5% from AU$586.9 million YoY. Net profit from core operations was at AU$205 million, decreasing 9% from AU$225.8 million pcp.
For 1HFY23, the company has announced a fully franked 75 cps distribution to be paid on 21 March this year. The dividend goes ex on 6 March and has a record date of 7 March.
On Friday, the stock closed 0.603% up at AU$120.10 and had an annual dividend yield of 1.37%.
Altium Limited (ASX:ALU)
The multinational software corporation published its 1HFY23 results ended 31 December 2022 on 20 February 2023. In the reported period, ALU clocked revenue of US$119.5 million, 17% higher than the US$102.2 million revenue reported in 1HFY22 period. Total profit from ordinary activities after tax was up 30.4% at US$29.6 million from US$22.7 million in pcp.
For the half-yearly period, the company announced a 40% franked AU 25 cps distribution. It reflects a 19% rise from AU 21 cps declared in 1HFY22. The interim distribution will be paid on 21 March 2023.
On Friday, ALU shares closed up 0.285% at AU$38.680 and had an annual dividend yield of 1.31%.
Bendigo and Adelaide Bank Limited (ASX:BEN)
The Australian bank announced its 1HFY23 ended 31 December last year on 20 February 2023. For the six months, the bank noted revenue of AU$907.8 million, which was 5.9% lower annually. Statutory profit decreased by 22.5% to AU$249 million in the first half period.
The company has announced a 100% franked distribution of 29 cps for 1HFY23, an increase of 9.4% on pcp.
The interim dividend will be paid on 31 March 2023 and has an ex-dividend date of 6 March and a record date of 7 March.
BEN shares closed 0.734% higher at AU$9.60 and had an annual dividend yield of 5.78%.
