It's a big day for ex-dividend dates today and these are the financial shares to keep an eye on.
What is an ex-dividend date?
Ex-dividend dates represent the day an investor must hold a company's stock in order to receive its dividend. If someone buys shares in these companies today, their upcoming dividends will go to the shares' seller.
As a result, companies' share prices tend to dip on their ex-dividend date as part of their stock's value is unable to be traded.
So, without further ado, here are 4 financial shares going ex-dividend today.
4 financial shares going ex-dividend today
Global Value Fund Ltd (ASX: GVF)
The Global Value Fund share price is slipping 0.17% to $1.19 today as the fund's stock goes ex-dividend.
Investors who held Global Value Fund shares as of yesterday will see a 3.3 cent fully franked dividend paid to their account on 8 November.
The dividend was announced after the company realised $56.9 million of revenue and $32.4 million of net profits after tax for the financial year 2021.
Metrics Income Opportunities Trust (ASX: MOT)
Metrics Income Opportunities Trust has also gone ex-dividend today.
It will pay out a 0.93 cent dividend on 8 October.
The trust's share price has been wobbling in and out of the green today. At the time of writing, it is $2.07, 0.45% higher than its previous close.
Metrics Master Income Trust (ASX: MXT)
The Metrics Master Income Trust share price has dipped 0.17% today. It is currently $2.06.
The company will pay its shareholders 0.6 cents for each share in the trust they hold from 8 October.
Partners Group Global Income Fund (ASX: PGG)
Finally, the Partners Group Global Income Fund share price is down today as the fund goes ex-dividend.
The fund will pay out a 0.7 cent dividend to its shareholders, starting on 18 October.
Right now, the Partners Group Global Income Fund share price is trading at $1.89, 0.43% lower than its previous close.
