These 2 ASX 200 shares are going ex-dividend next week

We take a look at the two ASX 200 shares trading without rights next week.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points
  • GrainCorp and Collins Foods shares will be going ex-dividend on Wednesday and Friday, respectively
  • GrainCorp is rewarding its shareholders with a fully franked 12 cents dividend along with an also fully franked 12 cent special dividend on 21 July
  • On the other hand, Collins Food is paying out a 15 cents per share dividend to eligible shareholders on 1 August

As we enter the new financial year, you might want to kickstart your dividend income with these ASX 200 shares.

Let's take a look at which companies' shares are set to trade ex-dividend next week.

two young boys dressed in business suits and wearing spectacles look at each other in rapture with wide open mouths and holding large fans of banknotes with other banknotes, coins and a piggybank on the table in front of them and a bag of cash at the side.

Image source: Getty Images

What dividends are the companies offering?

First up, the GrainCorp Ltd (ASX: GNC) share price will trade without rights (ex-dividend) on Wednesday.

The board declared a fully franked dividend of 12 cents per share at the company's half-year results in May.

The interim dividend represents an increase of 50% over the prior corresponding period (8 cents per share).

Additionally, a fully franked special dividend of 12 cents per share had also been elected by the board.

Together, the 24-cent dividend will be paid to eligible shareholders on 21 July.

The grain exporter's shares are currently trading 1.37% higher to $9.64. This means that the company has a 1.91% dividend yield.

Next up, the Collins Foods Ltd (ASX: CKF) share price is also going ex-dividend next week, but on Friday.

Earlier this week, the board announced a fully franked final dividend of 15 cents per share at the company's FY22 results.

This brings the full-year dividend to 27 cents, and reflects a 17.4% lift from the previous financial year.

For those shareholders who will become eligible for the dividend, you will receive payment on 1 August.

At the time of writing, the restaurant operator's shares are up 1.31% to $10.04. This means its shares have a dividend yield of 2.7%.

Foolish takeaway

To qualify for any of the above dividends you'll need to make sure you are on the company's share registry before the ex-dividend date.

If you do buy GrainCorp or Collins Foods shares on or after the ex-dividend date, then the upcoming dividend will go to the seller.

However, if you decide to offload the company's shares on or after the ex-dividend date, you'll still qualify for the dividend.

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. has positions in and has recommended Collins Foods Limited. The Motley Fool Australia has recommended Collins Foods Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Man holding fifty Australian Dollar banknotes in his hands, symbolising dividends.
Dividend Investing

Own A200 or other Betashares ASX ETFs? Dividends just announced

Show us the money!

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Own ASX VAS or other Vanguard ETFs? Dividends just announced

Vanguard has just announced estimated dividends for a slew of its ASX ETFs.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

An ASX dividend stalwart every Australian should consider buying

This business has a great track dividend record. I think it’s a strong buy…

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Why Woolworths and these ASX dividend shares could be buys in April

Income investors might want to check out these shares for next month.

Read more »

Businessman studying a high technology holographic stock market chart.
Dividend Investing

3 reliable ASX dividend shares for set-and-forget investing

Build a solid portfolio with these steady ASX dividend shares.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

2 ASX dividend shares with yields above 7%

I’m a big fan of businesses offering large yields and growth potential.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

1 ASX dividend stock down 18% I'd buy right now!

The passive income from this stock looks too good to miss.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Why I just made this great ASX dividend share my latest buy

This ASX dividend share ticked the boxes of what I wanted: yield, growth and good value.

Read more »