Some of the most popular dividend shares on the local share market are scheduled to trade ex-dividend this morning and are likely to drop notably lower.
This is because when a share trades ex-dividend it means they are trading without the rights to an upcoming dividend payment.
Because buyers aren't entitled to the next dividend payment, the share price will usually drop in value by the amount of the expected dividend.
Which shares are going ex-dividend today?
The shares of natural gas transportation business APA Group (ASX: APA) are going ex-dividend for its 25.5 cents per share dividend. This will be paid to eligible shareholders on September 11.
Large format retail centre manager, developer, and operator Aventus Group (ASX: AVN) trades ex-dividend for its 4.2 cents per share distribution this morning. This will be paid to shareholders on August 30.
Bunnings landlord BWP Trust (ASX: BWP) is trading ex-dividend for its 10.7 cents per share distribution. This will be paid to shareholders on August 23.
The shares of property developer Charter Hall Group (ASX: CHC) are scheduled to trade ex-dividend for its 17.2 cents per share dividend. This is to be paid to eligible shareholders on August 30.
Integrated property group Goodman Group (ASX: GMG) is due to trade ex-dividend for its 15 cents per share distribution which will be paid out on September 9.
Fellow property group Mirvac Group (ASX: MGR) goes ex-dividend this morning for its 6.3 cents per share distribution. This is due to be paid out on August 30.
Self-storage giant National Storage REIT (ASX: NSR) is trading ex-dividend for its 5.1 cents per share distribution. Eligible shareholders will be paid this on September 5.
Airport operator Sydney Airport Holdings Pty Ltd (ASX: SYD) goes ex-dividend this morning for its 19.5 cents per share dividend which will be paid to shareholders on August 15.
Toll road giant Transurban Group (ASX: TCL) is another going ex-dividend this morning. It will pay its 30 cents per share dividend out on August 9.
Shopping centre operator Vicinity Centres (ASX: VCX) is scheduled to go ex-dividend this morning for its 8 cents per share dividend. This will be paid on August 28.
And fuel retailer Viva Energy REIT Ltd (ASX: VVR) will trade ex-dividend for its 7.2 cents per share dividend which is scheduled to be paid to eligible shareholders on August 29.
