Top 5 ASX 200 Shares Going Ex-Dividend Next Week

August 21, 2024
4:35 pm
Stock Piper Team

As we navigate through the August earnings season on the ASX, it's a prime time for investors to take note of dividends. With many prominent S&P/ASX 200 Index (ASX: XJO) shares announcing their dividends, it's essential to understand the significance of the ex-dividend date. This date determines which shareholders are eligible to receive the dividend payout.

When a company declares a dividend, it sets an ex-dividend date, a crucial deadline for investors. If you own shares by the close of trading on the day before the ex-dividend date, you're eligible for the dividend. If you buy shares on or after this date, the seller retains the right to the dividend. As a result, share prices often drop on the ex-dividend date, reflecting the upcoming payout's value loss for new buyers.

Here are five ASX 200 shares set to trade ex-dividend next week:

1. Seven Group Holdings Ltd (ASX: SVW)

Dividend per share: 30 cents (fully franked)
Ex-dividend date: 19 August
Dividend payday: 2 September
Current dividend yield: 1.35%

Seven Group Holdings Ltd. is first on our list, offering a fully franked dividend of 30 cents per share. Investors should note the ex-dividend date of 19 August. Seven Group Holdings has a relatively modest dividend yield of 1.35%, but it's a reliable income source for shareholders.

2. Computershare Ltd (ASX: CPU)

Dividend per share: 42 cents
Ex-dividend date: 20 August
Dividend payday: 16 September
Current dividend yield: 2.46%

Next, we have Computershare Ltd., which will trade ex-dividend on August 20. With a dividend of 42 cents per share and a yield of 2.46%, Computershare is a solid option for investors seeking consistent dividends. The payout date is set for September 16.

3. AMP Ltd (ASX: AMP)

Dividend per share: 2 cents (20% franked)
Ex-dividend date: 21 August
Dividend payday: 27 September
Current dividend yield: 3.01%

AMP Ltd., offering a smaller dividend of 2 cents per share, will go ex-dividend on August 21. Despite the modest amount, the yield stands at a respectable 3.01%. Investors should mark their calendars for the payout date on September 27.

4. Commonwealth Bank of Australia (ASX: CBA)

Dividend per share: $2.50 (fully franked)
Ex-dividend date: 21 August
Dividend payday: 27 September
Current dividend yield: 3.31%

One of the most anticipated dividends this season comes from the Commonwealth Bank of Australia. With a substantial fully franked dividend of $2.50 per share, CBA's ex-dividend date is August 21. The payout, set for September 27th, offers a dividend yield of 3.31%. This high-yield dividend is a significant event for investors.

5. JB Hi-Fi Ltd (ASX: JBH)

Dividend per share: $1.83 (fully franked)
Ex-dividend date: 22 August
Dividend payday: 6 September
Current dividend yield: 3.37%

Finally, JB Hi-Fi Ltd. will trade ex-dividend on August 22 with a generous fully franked dividend of $1.83 per share. This includes a special dividend of 80 cents per share, making the total payout more attractive. The dividend yield is an impressive 3.37%, with the payment date scheduled for September 6.

Investors looking to capitalise on dividend payouts should keep a close eye on these ex-dividend dates. Each of these ASX 200 shares offers unique opportunities for income, and understanding the timing and implications of ex-dividend dates is crucial. Whether you're focused on high-yield stocks like Commonwealth Bank of Australia or consistent players like Seven Group Holdings Ltd., there are valuable dividends to be had this earnings season.