Investors could be wondering why a number of S&P/ASX 200 Index (ASX: XJO) shares have fallen today despite no company announcements.
As we move towards the end of September, a vast majority of ASX shares are trading ex-dividend these days.
An 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.
Cash Converters International Ltd (ASX: CCV)
Cash Converters provided its full-year results to the market at the end of August, highlighting a mostly positive performance.
Revenue fell 23% on the prior corresponding period to $201.3 million in what management described “a challenging economic environment”. Nonetheless, this didn’t deter the company to turn around its bottom line. Net profit after tax improved to $16.2 million compared to a $10.5 million loss in FY20.
The board declared an unfranked final dividend of 1 cent per share, payable on 14 October 2021.
The Cash Converters share price has accelerated by almost 60% over the past 12 months with year-to-date gains above 10%.
Eagers Automotive Ltd (ASX: APE)
Eagers Automotive released its half-year result also in late August, delivering increases across the board.
Underlying Earnings before Interest, Tax, Depreciation, Amortisation and Impairment (EBITDAI) surged 65.4% to $378 million. An even better percentage came from the company’s statutory profit after tax, up 1,614% to $202.3 million.
The board declared a full-franked interim dividend of 28.4 cents per share. Eligible shareholders can expect to receive the dividend distributions on 15 October 2021.
The Eagers Automotive share price has travelled 60% higher since this time last year and is up 15% in 2021.
Cochlear Limited (ASX: COH)
Cochlear revealed its full-year results on 20 August, recording a strong finish for the 2021 financial year.
Sales revenue lifted 19% to $1.49 billion which led the company’s bottom line to jump 54% to $236.7 million.
Cochlear announced an unfranked dividend of $1.40 per share, landing in shareholder accounts on 18 October 2021.
The Cochlear share price has gained 16% in the past 12 months and is treading 24% higher this year alone.
NRW Holdings Limited (ASX: NWH)
NRW issued its full-year results on 19 August, registering a mixed performance for the financial year’s end.
Revenue lifted by 11.5% on the prior comparable period to $2.3 billion. The bumper earnings weren’t enough to pick up profit before income tax, declining 24.3% to $75.9 million.
Management noted that the progressive dividend will be maintained, announcing a fully-franked final dividend of 5 cents.
The funds are scheduled to be paid to eligible shareholders on 13 October 2021.
The NRW share price has lost 24% in the past year, with further falls of 44% coming in 2021.