These five ASX stocks go ex-dividend next week

Highlights

• Recently, many ASX-listed companies have released annual results and declared final dividends.
• Many ASX-listed firms will go ex-dividend in the coming week.
• Investors looking for dividend payment need to buy shares before the ex-date.

The upcoming week can be of interest to income investors as there are few ASX stocks which are going to trade ex-dividend. A share going ex-dividend means that interested investors can lock in their dividend income by buying the share before the ex-dividend date.  

Here are five ASX stocks that will go ex-dividend in the upcoming week.

Nick Scali Limited (ASX: NCK)

An ASX-listed furniture retail company, Nick Scali is engaged in retailing and sourcing furniture and related accessories. The company operates through its stores in Queensland, New South Wales, Victoria, South Australia, Tasmania, Western Australia and others.

Last month, the company announced a final dividend of AU$0.35 per share, representing a payout ratio of 60%. The ex-dividend date is 26 September 2023, and the payment date is 18 October 2023.

In the financial year 2023, the company delivered a 15% YoY increase in revenue to AU$507.7 million and a 26% YoY increase in net profit after tax to AU$101.1 million. The increase in revenue was underpinned by a surge in deliveries and the decline in the aging of the order bank.

Shares of NCK closed 0.09% up at AU$11.55 apiece on 22 September 2023.

Southern Cross Electrical Engineering Ltd (the SCEE Group) (ASX: SXE)

Established in 1978, the SCEE group is a national instrumentation, communication, electrical and maintenance services group of businesses. The company is diversified across three sectors – resources, commercial and infrastructure.

At the end of the previous month, the company declared a 100% franked final dividend of 4 cents per share while reporting record profitability in FY23 with an 8.1% YoY surge in EBITDA and 31.6% YoY rise in NPAT.

SXE will go ex-dividend on 26 September 2023, and the dividend will be distributed on 11 October 2023.

Shares of SXE closed 1.8% up at AU$0.85 apiece on 22 September 2023.

IMDEX Limited (ASX: IMD)

International mining-tech company IMDEX offers a range of cloud-connected rock knowledge sensors, drilling optimisation products and data & analytics that allow resource companies and drilling contractors to undertake orebodies mining-related activities effectively and efficiently.

While sharing its FY23 results, the company announced a final dividend of 2.1 cents per share, with an ex-date of 27 September 2023 and a pay date of 12 October 2023.

In FY23, the company reported a 20% YoY jump in revenue to AU$411.4 million and a 17% YoY increase in normalised EBITDA to AU$122.6 million. The period saw investment in Krux Analytics and the acquisition of Devico.

IMD shares closed 4.53% up at AU$1.5 apiece on 22 September 2023.

Myer Holdings Limited (ASX: MYR)

ASX-listed consumer company Myer operates through 56 departmental stores across Australia and online businesses. The core product categories include electrical goods, beauty, homeware, childrenswear, womenswear, menswear, toys and general merchandise.

On 14 September 2023, the company declared a final dividend of 1 cents per share, taking the full-year dividend to 9 cents per share. The ex-date of the dividend is 27 September 2023, with a pay date of 16 November 2023.

In FY23, the company delivered total sales of AU$3,362.9 million, up by 12.5% over the previous year. NPAT during the reported period surged by 18.2% YoY to AU$71.1 million.

Myer shares closed flat at AU$0.59 apiece on 22 September 2023.

FFI Holdings Limited (ASX: FFI)

Australian food processing company FFI Holdings is engaged in the manufacturing, distributing, and packaging of food products and property investment and leasing.

Last month, the company announced a final dividend of 10 cents per share, with an ex-date of 29 September 2023 and a pay date of 12 October 2023. The dividend is 100% franked.

Net profit before tax during FY23 stood at AU$2.33 million, in line with the profit guidance, driven by the successful completion of numerous initiatives.

FFI shares settled flat at AU$4.25 apiece on ASX on Friday.