AUS
NZ
UK
CA
USA
IND
Highlights
- Metcash declared dividend of 11 cents per share with ex-dividend date of 18 July 2023.
- Latitude Group Holdings announced dividend AU$1.467 per share with ex-dividend date of 18 July 2023.
- Kelly Partners’ shares to turn ex-dividend on 20 July 2023.
This week, there are a few ASX shares that are going ex-dividend. When a share goes ex-dividend, income investors can lock in dividend payments for the shares they own in the organisation. In order to lock in dividend payment, the investors must buy the shares before the ex-dividend date. If an investor buys share after or on the ex-dividend date, then they will not be eligible to receive the dividend.
Here are few ASX shares going ex-dividend this week:
Metcash Limited (ASX: MTS)
Metcash is a wholesale distributer of food, liquor and hardware to independent industry. The company declared a final dividend of AU$0.11 per share for the financial year 2023 (FY23). With this, the full-year dividend reached 22.5 cents per share, 4.7% higher than the previous corresponding period and 80% higher on a three-year basis.
The company said that an increase in earnings and positive financial performance has led to an increase in dividend payments.
The stock turned ex-dividend today, 18 July 2023 and dividend payment can be expected on 21 August 2023. The dividend announced is 100% franked.
The shares of Metcash closed 3.73% lower at AU$3.610 today. Including today's losses, the share price has dropped by 14.04% in the last 12 months and by 12.59% in the last six months.
Latitude Group Holdings Limited (ASX:LFSPA)
Latitude Group is a instalments, lending and digital payments business that assists businesses and people in financing their expenses. LFSPA announces dividends on a quarterly basis, and the last dividend announcement came on 28 April 2023. The company declared a dividend of AU$1.467 per share on 28 April 2023. The stock turned ex-dividend today for the above amount, and the payment date is 27 July 2023. The dividend announced is 100% franked.
Kelly Partners Group Holdings Limited (ASX: KPG)
Kelly Partners is an accounting network that assists its client in managing their finances and solving business-related issues. The company pays dividends every month. The last dividend announcement was made on 13 July 2023. The company declared a dividend of AU$0.0043 per share, and it will go ex-dividend on 20 July. The payment date is 31 July. The dividend announced by KPG is fully franked.
The company registered a group revenue of AU$44.0 million, up 42.2% over the previous corresponding period in the first half of FY23. During the stated period, the underlying EBITDA grew by 14.3% and cash from operations by 12.2%. Meanwhile, the active client groups increased by 26%.
In the 1HFY23, the group made six acquisitions, and the acquired revenue range is approximately AU$8.2 million to AU$10.7 million.
The shares of Kelly Partners closed 3.594% lower at AU$4.560 apiece on 18 July 2023. The stock price has surged by 7.29% in the last year, and over the previous six months, the stock is almost flat.
