4 ASX shares going ex-dividend today

Investors who owned these company’s shares will be receiving an upcoming dividend payment…

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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.

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Motley Fool contributor Aaron Teboneras 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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. 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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