The ASX is a stock exchange well known for its strong dividend chops. Perhaps due to our unique system of franking in Australia, most ASX companies on the share market tend to pay out relatively regular dividend payments, with a few exceptions of course.
But you can’t have a dividend payment without a company trading ex-dividend first. So let’s check out some of the ASX shares that will be going ex-dividend this week.
5 ASX 200 dividend shares going ex-dividend this week
WAM LICs trade ex-dividend today
Wilson Asset Management (WAM) is one of the largest fund managers on the ASX and has developed a reputation as an income stalwart on the share market with its Listed Investment Companies (LICs). Four of WAM’s LICs are trading ex-dividend this week, today in fact.
All four of these LICs will pay out their dividends on 22 October. WAM Alternative Assets will be forking out 2 cents per share. WAM Research is putting up 5 cents, while WAM Microcap is sending 8 cents per share out the door. Future Generation will be paying out 8 cents per share. As is typical with WAM dividends, all of these payouts will be fully franked.
Reece Ltd (ASX: REH)
Plumbing supplies company Reece is also trading ex-dividend this week for its final dividend for FY21. This company will be paying out 12 cents per share, fully franked, on 27 October, with Reece going ex-dividend for this payment on Tuesday.
At Reece’s last share price of $17.86, the company had a dividend yield of 1.01%.
Duxton Water Ltd (ASX: D2O)
Water rights owner Duxton is another share that is trading ex-dividend, this one on Thursday. It will be shelling out a fully franked interim dividend of 3.1 cents per share on 29 October. At Duxton’s last share price of $1.44, it was offering a yield of 4.24%.
Harvey Norman Holdings Limited (ASX: HVN)
Our final share to look at today is none other than the ASX retailing giant Harvey Norman. Harvey Norman is scheduled to trade ex-dividend on Friday this week. It will be doling out its final dividend of 15 cents per share, fully franked, on 15 November (so still a while to wait for shareholders).
At this company’s last share price of $4.99, Harvey Norman had a dividend yield of 7.01%.