3 ASX 200 shares trading ex-dividend today

These shares are underperforming today. Here's why.

| 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

The S&P/ASX 200 Index (ASX: XJO) is having a rough start to the week, sliding 0.76%, but these three ASX shares are still struggling to keep up with the market.

They've got a reasonable excuse for their underperformance right now, however. They're all trading ex-dividend today.

That means, from now on, anyone snapping up the stocks won't be eligible to receive their upcoming dividends.

Let's take a closer look at three ASX 200 shares passing the unfortunate milestone on Monday.

three children in fashionable clothes sit in a row together with sad looks on their faces as though they hae been told not to do something or been curtailed from playing.

Image source: Getty Images

3 ASX 200 shares trading ex-dividend today

Vicinity Centres (ASX: VCX)

Shares in ASX 200 real estate investment trust (REIT) Vicinity Centres are trading ex-dividend today. The stock has slipped 1.54% to trade at $1.92 at the time of writing.

The company announced a 5.7 cent, unfranked final dividend last week, representing a portion of its $.2 billion full-year after-tax profit.

From today, those buying into the REIT's shares won't get their hands on the payout. It will start to hit investors' accounts on 12 September.

Magellan Financial Group Ltd (ASX: MFG)

ASX 200 funds management business Magellan is also in the red today. Its share price is down 10.77%, trading at $12.88, likely at least partially due to its ex-dividend date.

The company declared a 68.9 cent, 80% franked dividend within its financial year 2022 earnings, released last week. That left its stock trading with a whopping 12.4% dividend yield as of yesterday's close.

Those that were invested in the stock on Friday will receive the payout early next month.

Aurizon Holdings Ltd (ASX: AZJ)

The final ASX 200 share trading ex-dividend today is Aurizon. The rail freight operator's share price is currently falling 4.18% to trade at $3.785.

The company revealed a 10.9 cent, fully franked final dividend on 8 August, representing a 24% cut on its previous final payout.

That dividend will be paid out on 21 September to those on the company's registry as of Friday's close.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon Holdings 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

A female runner climbs a set of stairs, running with strength and pace.
Dividend Investing

This ASX dividend stock is growing its payouts like clockwork

I'd buy every share of this company if I could afford it.

Read more »

A man closely watches a clock.
Dividend Investing

Buying ASX monthly dividend shares: The pros and cons

Is there a downside to more frequent dividends?

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

Is it worth buying Santos shares for passive income?

Find out what Santos pays its shareholders.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

$1,000 buys 685 shares in an incredibly reliable ASX dividend stock

This business has been an incredible dividend payer.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX dividend shares with yields above 10%

These are my top picks for high-yield ASX dividend shares.

Read more »

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

2 ASX passive income ideas I'd use to generate $400 a month in 2027

I think these investment ideas are top picks for income.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

My top Australian passive income picks this month

Three very different businesses are offering investors attractive income this year.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

Rotating into dividend shares? 3 of your best options right now with yields as high as 9%

These are some of the highest paying income shares right now.

Read more »