- Ex-dividend refers to a stock that is trading without the value of its subsequent dividend payment.
- F&C Investment will pay an interim dividend amount of 3cps on 1 February 2022.
- LIC will pay a special dividend of 10cps on 21 January 2022.
Ex-dividend refers to a stock that is trading without the value of its subsequent dividend payment. The date for the ex-dividend is decided a business day prior to the record date.
If a stock is bought on the ex-dividend date or after, the investor does not get the next dividend payment, but the seller gets that payment.
On this note, let’s have a look at 5 NZX dividend stocks going ex in January this year.
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F&C Investment Trust PLC (NZX:FCT)
FCT’s net assets per ordinary share before charges at market value - ex income stood at GBP993.50 pence as at 4 January 2022. It also notified that Sarah Arkle has been hired as the non-executive director of Vietnam Enterprise Investments Limited effective 5 January 2022.
FCT will pay an interim dividend amount of 3cps on 1 February 2022 and the dividend went ex on Thursday.
FCT ended the day unchanged to close at $18.32.
Livestock Improvement Corporation Limited (NZX:LIC)
Agri-tech firm Livestock Improvement Corporation notified that it had hired David Chin as its new CEO on 1 December 2021.
The firm will pay a special dividend of 10cps on 21 January 2022 amid divestiture of its automation business which was in harmony with its refined strategy. The dividend went ex on Thursday.
LIC ended the day unchanged to close at $1.3.
Automotive retail, debt management, insurance, and finance-related services provider Turners Automotive posted a 13% rise in revenue and robust earnings growth in HY22 in spite of COVID-19 lockdowns disrupting Q2.
TRA expects net profit before tax to be between $40 million-$42 million in FY22. The firm will pay an interim dividend of 5cps on 27 January 2022. The dividend will go ex on 17 January 2022.
TRA ended the day 0.22% in green to close at $4.58.
Tower Limited, a firm involved in the general insurance space, witnessed a challenging year due to an increase in large events, house claims and pandemic-induced inflation. However, the Group was able to position itself well for growth.
TWR declared a final dividend of 2.5cps, which will be paid on 2 February 2022 and will go ex on 18 January 2022.
TWR ended the day 0.68% in red to close at $0.725.
The City of London Investment Trust Plc (NZX:TCL)
TCL notified that its unaudited net asset value per share stood at GBP411.3 pence at the close of business on 4 January 2022.
The Group will pay an interim dividend of 4.8cps on 28 February 2022 and the dividend will go ex on 27 January 2022.
TCL ended the day unchanged to close at $8.
If an investor wants to focus on income, being aware of the ex-dividend date of a particular stock can assist them in preparing trade entries.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)