Investors may be wondering why a number of popular ASX 200 shares have fallen today despite no news coming from the companies.
The conclusion of the August earnings season has led to a vast majority of ASX shares trading ex-dividend in September.
The ex-dividend date is when investors must have purchased a company’s shares to be eligible for the upcoming dividend. If an investor buys the shares on or after this date, the dividend will go to the seller.
Below, we take a look at the list of shares that are trading ex-dividend today.
IGO Ltd (ASX: IGO)
IGO provided its full-year results to the market at the end of August, highlighting growth in key metrics.
Revenue rose 12% on the prior corresponding period to $671.7 million. This led profit from continuing operations to be up 35% to $116.8 million.
The board declared a fully franked final dividend of 10 cents per share, payable on 23 September 2021.
The IGO share price has accelerated more than 118% over the past 12 months with year-to-date gains above 51%.
BlueScope Steel Ltd (ASX: BSL)
BlueScope Steel released its full-year result in mid-August, delivering triple-digit increases across the board.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) surged 207% to a record $1.72 billion. An even better percentage came from the company’s reported net profit after tax, rocketing 1,222% to $1.19 billion.
BlueScope Steel advised of an unfranked final dividend of 25 cents per share. In addition, a special dividend of 19 cents apiece will also be paid. The company is set to distribute its rewards to shareholders on 13 October 2021.
The BlueScope Steel share price has travelled almost 80% higher since this time last year and is up 32% in 2021.
Origin Energy Ltd (ASX: ORG)
Origin revealed its full-year results on 19 August, recording a disappointing finish for the 2021 financial year.
Total group revenue slumped 8% to $1.2 billion which impacted the company’s bottom line, down 69% to $318 million.
The board decided to reduce its final unfranked dividend to 7.5 cents per share, landing in shareholder accounts on 1 October 2021.
The Origin share price has lost 13% in the past 12 months and is treading 6% lower this year alone.
Sonic Healthcare Ltd (ASX: SHL)
Sonic Healthcare issued its full-year results on 23 August, registering a positive performance for the financial year’s end.
Revenue lifted by 28% on the prior comparable period to $8.8 billion. The bumper earnings translated to a 149% surge in net profit to $1.3 billion.
Management noted that the progressive dividend will be maintained, announcing a 65% franked final dividend of 55 cents.
The funds are scheduled to be paid to eligible shareholders on 22 September 2021.
The Sonic Healthcare share price has jumped 33% higher in the past year, with these gains coming in 2021.