Dividends galore! 10 ASX shares trading ex-dividend on Wednesday

You get a dividend. And you get a dividend. Everybody gets a dividend.

It's raining cash for this man, as he throws money into the air with a big smile on his face.

Image source: Getty Images

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It's raining dividends on Wednesday with many household ASX shares going ex-dividend.

This means that investors who own the respective shares at market close on Tuesday will be eligible to receive the company's dividend.

10 ASX shares trading ex-dividend

Brambles Limited (ASX: BXB)

The Brambles share price is approaching 5-year highs after a solid FY21 full-year results announcement.

At the time of writing, Brambles shares are down 2.48% to $12.18 after going ex-dividend for a final dividend of 10.5 US cents.

Medibank Private Ltd (ASX: MPL)

Medibank shares have been trending strongly since April, up 26.7% to 12-month highs.

The private health insurer's share price performance has been underpinned by a strong FY21 results announcement highlighting a 39.8% jump in net profit after tax to $441 million.

At the time of writing, the Medibank share price is down 2.49% to $3.53 after going ex-dividend for a fully franked final dividend of 6.9 cents per share.

Blackmores Limited (ASX: BKL)

The Blackmores share price was one of the best performing ASX shares on today's ex-dividends list after surging 35% last month.

The company's recovery story has started to gather momentum, with FY21 results highlighting a 51.7% jump in underlying net profit after tax to $25.4 million.

Blackmores shares are trading 2.05% at $92.26 after going ex-dividend for a fully franked dividend of 42 cents.

Adairs Ltd (ASX: ADH)

The Adairs dividend more than doubled this year to a total payout of 23 cents (FY20: 11 cents).

This is all thanks to a record FY21 financial performance where statutory net profit after tax (NPAT) surged 80.7% to $63.7 million.

The Adairs share price is down 3.56% to $3.925 today after going ex-dividend for a final dividend of 10 cents per share.

Shaver Shop Group Ltd (ASX: SSG)

The Shaver Shop Group share price has been trading sideways since October 2020, likely impacted by the cycling of elevated sales and recent COVID-19 lockdowns.

Despite the tailwinds, the business managed to deliver a significant uplift in FY21 earnings, posting a 68.3% surge in net profit to $17.5 million.

The company's shares are down 3.77% to $1.02 after going ex-dividend for a final dividend of 5 cents per share.

Accent Group Ltd (ASX: AX1)

The Accent share price follows the same narrative as Shaver Shop – trading sideways since late last year.

This is despite a 38.6% increase in FY21 profits to $76.9 million and a 21.6% increase in full-year dividends to 11.25 cents.

Accent shares are down 3.17% to $2.14 on Wednesday after going ex-dividend for a fully franked final dividend of 3.25 cents per share.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is the worst performing ASX share in today's ex-dividend list, plunging 54% in the past 12 months due to lower production at its key Leonora and Simberi projects.

The company reported an overall drop in revenue and profit in FY21 but still squeezed out a dividend for its shareholders.

St Barbara is going ex-dividend today for a final dividend of 2 cents per share.

SEEK Limited (ASX: SEK)

The SEEK share price is within arms reach of all-time highs, currently down 0.56% to $33.76.

SEEK shares are falling less on Wednesday relative to other ex-dividend shares because the company is paying out a much smaller dividend relative to its share price.

SEEK is trading ex-dividend today for a dividend of 20 cents per share.

Money3 Corporation Limited (ASX: MNY)

The Money3 share price is one of few ASX shares falling less than the dividend the company is paying out.

Money3's shares are down 4.5 cents or 1.28% to $3.475 despite going ex-dividend for a fully franked final dividend of 7 cents per share.

Austal Limited (ASX: ASB)

The Austal share price has fallen off a cliff, down 33.6% year to date and sliding 45% in the past 12 months.

The shipbuilding business has struggled on multiple fronts, with a firmer Australian dollar weighing on earnings in addition to COVID-related border closures, travel restrictions and supply-chain challenges.

Austal shares are down 3.77% to $1.785 on Wednesday after going ex-dividend for 4 cents per share.

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Austal Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and Blackmores Limited. The Motley Fool Australia has recommended Accent Group and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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