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 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%.
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.