3 ASX All Ordinaries shares trading ex-dividend tomorrow

Which ASX shares are trading ex-dividend on Wednesday? Let's take a look.

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Key points

  • These ASX shares are due to trade ex-dividend on Wednesday, and will likely fall as a result
  • Investors could be looking to lock in the upcoming dividends today and sell at market open tomorrow
  • The share price of a company trading ex-dividend tends to fall by the amount of the dividend that is paid to shareholders

A number of popular ASX All Ordinaries shares are likely to fall tomorrow, even if no announcements are made by the companies.

As the August earnings season draws to a close, several ASX shares are trading ex-dividend this month.

The ex-dividend date is when investors must have purchased a company's shares beforehand to be eligible for the upcoming dividend. If you buy the shares on or after the ex-dividend date, the dividend will go to the seller.

Below, we take a look at the ASX All Ordinaries shares that are trading ex-dividend on Wednesday.

Telstra Corporation Ltd (ASX: TLS) shares will trade ex-dividend for the telco's 8.5 cents per share fully franked dividend. This will be paid to eligible shareholders on 22 September.

Pact Group Holdings Ltd (ASX: PGH) shares will also trade ex-dividend on Wednesday for the company's partially franked 1.5 cent per share final dividend. Shareholders will have to wait until 6 October to receive the packaging and recycling business's dividend payment.

SG Fleet Group Ltd (ASX: SGF) shares are set to trade without the rights to the fleet management company's full franked 6.81 cents per share final dividend. SG Fleet shareholders will be paid this dividend on 8 September.

Foolish Takeaway

To qualify for any of the above dividends, you'll need to make sure you buy the company's shares before the close of trade today.

After that, you will still qualify for the dividend even if you sell the shares tomorrow or at a later date.

Motley Fool contributor Aaron Teboneras has positions in Telstra Corporation Limited. 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 positions in and has recommended Telstra Corporation 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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