The end of the financial year is usually a time for portfolio reassessment. Potentially, you have an increased desire for income-producing dividend shares in your portfolio. If a few ASX dividend shares have caught your eye, be mindful that many will be going ex-dividend soon.
An investor who purchases a stock before the ex-dividend date is entitled to receive the company’s next dividend payment. If it is purchased after this date, the previous shareholder will receive the dosh.
Here are 3 ASX dividend shares going ex-dividend next week. If you want to buy any of these shares and receive their next dollarydoo delivery, take note of the dates.
ASX dividend shares going ex-dividend
The following ASX shares will be going ex-dividend next week.
Rural Funds Group (ASX: RFF)
The first cab off the rank is Rural Funds, an Australian agricultural property company. Rural Funds owns a diversified portfolio of agricultural assets ranging from macadamias to vineyards. These high quality assets are leased back to experienced producers on long term agreements.
The group’s half-year earnings per unit nearly doubled compared to the prior corresponding period at the end of December 2020. Due to the sale of assets, Rural Funds increased its profit after tax for HY21 to $58.43 million, up from $29.12 million. This has boosted dividend distributions for the full year to 11.28 cents per share.
Rural Fund’s next dividend payment will be 2.82 cents per share. The cut-off date is Tuesday next week. Based on the current Rural Funds share price, the full 11.28 cents for the year comes to a yield of 4.42%.
BWP Trust (ASX: BWP)
Another ASX dividend paying share nearing its cut-off date is BWP Trust. This real estate investment trust (REIT) owns and manages approximately $2.60 billion worth of commercial properties throughout Australia — most of them Bunnings warehouses.
Despite COVID-19, the trust delivered revenue and earnings roughly in line with pre-pandemic performance. As a result, BWP will be paying a distribution of 9.27 cents per share to eligible registered shareholders prior to 29 June.
The trust’s full year distribution is expected to be 18.3 cents per share. That would represent a dividend yield of 4.21% based on the current BWP Trust share price.
National Storage REIT (ASX: NSR)
National Storage REIT is the last on our list. This one is another real estate investment trust that is invested in the self-storage solutions provided by National Storage. The company now boasts 206 storage facilities across Australasia.
More recently, the company raised $260 million through an accelerated non-renounceable entitlement offer. They hope to raise a further $65 million of capital through a retail offer expected to close tomorrow. The funds will be used to repay debt and provide further liquidity.
This ASX share goes ex-dividend on 29 June. All eligible shareholders will receive 4.2 cents per share. Analysts at Ord Minnet are forecasting a total of 8.2 cents per share in FY21. This would represent a yield of 3.94% based on the National Storage share price at the time of writing.