Small and mid cap ASX shares going ex-dividend this week

ASX 200 shares tend to steal the spotlight for dividends. Here are the small-mid cap ASX shares going ex-dividend this week.

| More on:
ASX dividend shares

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The blue-chip nature of ASX 200 shares means that small to mid-cap shares are often overlooked for dividends. 

These ASX shares will be going ex-dividend this week. This means that investors who own or purchase the company’s shares before the ex-dividend date will receive its next dividend payment. The ex-dividend date will typically see the company’s share price open weaker to reflect the dividend paid. The larger the dividend paid, the greater the share generally falls on the ex-dividend date. 

Briscoe Group Ltd (ASX: BGP) 

Briscoe is a New Zealand based sporting and homeware retailer. The company announced solid earnings growth for the full year ended 31 January 2021 with revenue up 7.5% to NZ$701 million while net profit after tax increased 17% to $73 million. Briscoe will be going ex-dividend on Tuesday 23 March, for 13.5 cents per share. At its last closing price on Friday of $4.05, this represents a yield of 3.33%. 

Cash Converters International Ltd (ASX: CCV)

Cash Converters will be going ex-dividend on Wednesday 24 March, paying a distribution of 1 cent per share. This represents a yield of approximately 4%.

The embattled second-hand retailer and financial services provider has struggled against more tech-enabled competitors. The company’s 1H21 report saw a 31% decline in revenues to $98.4 million while operating net profit after tax declined 28% to $7.7 million. 

Lindsay Australia Ltd (ASX: LAU) 

Lindsay is an integrated transport, logistics and rural supply company with an extensive east coast network. The Lindsay share price has been in a steady decline since 2015, losing more than 25% in value. From an earnings perspective, the company has had relatively stable cash flows and dividends. Its most recent 1H21 report highlighted a 12.1% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to $26.1 million, reflecting continued cost controls and improving operational efficiency. 

The company will be going ex-dividend on Thursday 25 March for an interim fully franked dividend of 1.2 cents. This represents a yield of approximately ~3.2%. 

Vita Group Limited (ASX: VTG) 

Vita Group shares took a 30% dive on 11 February when Telstra Ltd (ASX: TLS) announced that it would transition its Telstra branded retail store network to a full corporate ownership model. This means that the current dealer agreement with Telstra will end by 30 June 2025. 

A significant proportion of Vita’s earnings are derived from its retail Telstra stores. In its 1H21 results, $307.8 million of its $323.7 million revenue came from information and communication technology (ICT) channels. Vita Group CEO Maxine Horne said the company “has been investing in the very attractive category of skin health and wellness for some time, thus creating a new growth opportunity for the group”. 

Vita Group will be going ex-dividend on Thursday 25 March, for an interim dividend of 5.6 cents. Its recent share price decline to 95 cents has propped up the yield to approximately 6%. 

Service Stream Ltd (ASX: SSM) 

Service Stream provides end-to-end life-cycle services such as design, construction and maintenance to utility and telecommunication asset owners, operators and regulators in Australia.

A reduction in telecommunication works in 1H21 resulted in a 17.7% decline in revenues to $409.9 million. Service Stream expects subdued trading conditions and COVID-19 related impacts to continue into the second half, with results approximately in-line with the first half.

The market has not been impressed by historically weaker earnings from Service Stream. The Service Stream share price is down more than 30% year-to-date, sitting at around 3-year lows. The company will be going ex-dividend on Thursday 25 March for an interim dividend of 2.5 cents.

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Service Stream Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Dividend Investing

An ASX dividend investor holds a fanned out bunch of $40 Australian cash notes and wonders whether any ASX lithium shares pay dividends
Dividend Investing

Brokers name 2 ASX dividend shares to buy now

Here are two top dividend shares that brokers say are buys...

Read more »

A woman looks quizzical while looking at a dollar sign in the air.
Dividend Investing

Will Kogan shares ever pay a dividend again?

When are the online retailer's dividends coming back? Let's take a look.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Here are top 2 ASX dividend shares with growing yields

These dividend shares are expected to grow nicely in the coming years...

Read more »

Woman holding $50 notes and smiling.
Dividend Investing

Should investors buy Bendigo Bank shares for dividends?

With its high dividend yield, is Bendigo Bank actually the best bank for income?

Read more »

A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her ASX 200 shares rising on her phone
Dividend Investing

Experts name 2 ASX dividend shares to buy next week

These dividend shares have been rated as buys...

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

Everything you need to know about the latest IAG dividend

What are the details surrounding IAG's latest dividend?

Read more »

A blockchain investor sits at his desk with a laptop computer open and a phone checking information from a booklet in a home office setting.
Dividend Investing

Why is the Suncorp share price slipping today?

What's going on with Suncorp shares today?

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Bank Shares

How big is the CBA dividend yield right now?

How good is CBA’s dividend yield?

Read more »