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.

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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.

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.

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