Next week promises to be busy for ASX dividend investors as a hoard of companies in the S&P/ASX 200 Index (ASX: XJO) pass the cut-off date for their respective, upcoming dividends.
This cut-off date is also known as the ex-dividend date. It's the date that shares no longer trade with the upcoming dividend payment attached to it.
Monday could be the busiest day of all, with a grand total of 9 ASX 200 shares set to turn ex-dividend. This means that today will be the last day to bag the latest dividend payments from these companies.
Here are the 9 ASX 200 shares going ex-dividend on Monday, in descending order of their respective trailing dividend yields.
Fortescue Metals Group Limited (ASX: FMG)
Trailing dividend yield: 11.7%
Upcoming dividend: $1.21
Franking: 100%
Payment date: 29 September
DRP: Yes
Fortescue's dividends continue to be a hot topic given their sheer size. The ASX 200 iron ore company recently slashed its final dividend by 43%, but Fortescue shares are still trading on an eye-watering dividend yield of nearly 12%. That said, the sustainability of this yield is coming into question.
Bendigo and Adelaide Bank Ltd (ASX: BEN)
Trailing dividend yield: 5.9%
Upcoming dividend: 26.5 cents
Franking: 100%
Payment date: 29 September
DRP: Yes
Despite profits trickling lower in FY22, the ASX 200 bank held its final dividend steady. But across the full year, total dividends edged 3% lower compared to FY21.
Orora Ltd (ASX: ORA)
Trailing dividend yield: 5.0%
Upcoming dividend: 8.5 cents
Franking: 0%
Payment date: 10 October
DRP: Yes
The ASX 200 packaging company recently raised its final dividend by 13% as FY22 profit grew by 18% over the prior year. Orora has also reinstated its DRP after it was suspended for the interim dividend earlier in the year.
Iluka Resources Limited (ASX: ILU)
Trailing dividend yield: 3.7%
Upcoming dividend: 25 cents
Franking: 100%
Payment date: 30 September
DRP: Yes
Last week, Iluka more than doubled its interim dividend, declaring its largest dividend payout in four years. The ASX mineral explorer has been benefitting from high prices, which drove a 185% uplift in first-half net profit after tax (NPAT).
NIB Holdings Limited (ASX: NHF)
Trailing dividend yield: 2.7%
Upcoming dividend: 11 cents
Franking: 100%
Payment date: 4 October
DRP: Yes
The ASX 200 health insurer recently reported a 17% drop in NPAT in FY22, citing investment losses as the primary driver. As a result, NIB cut its final dividend by 21% while full-year dividends were down 8%.
Ramsay Health Care Limited (ASX: RHC)
Trailing dividend yield: 1.4%
Upcoming dividend: 48.5 cents
Franking: 100%
Payment date: 29 September
DRP: No
Ramsay experienced a COVID-interrupted FY22, cutting its final dividend in half as statutory profit tumbled by 39%. The ASX 200 healthcare company was fielding a takeover offer at $88 per share, but its suitors have since walked away.
Altium Limited (ASX: ALU)
Trailing dividend yield: 1.3%
Upcoming dividend: 26 cents
Franking: 100%
Payment date: 27 September
DRP: No
Altium recently delivered a better-than-expected FY22 result, lifting its total dividends by 18%. The ASX 200 tech share has raised its full-year dividends every year since it started paying consistent dividends in 2013.
Gold Road Resources Ltd (ASX: GOR)
Trailing dividend yield: 1.2%
Upcoming dividend: 1 cents
Franking: 100%
Payment date: 4 October
DRP: Yes
Gold Road doubled its interim dividend after first-half NPAT soared by 109%. The ASX 200 gold share has been busy, acquiring formerly ASX-listed DGO Gold and topping up its stake in De Grey Mining Limited (ASX: DEG).
Corporate Travel Management Ltd (ASX: CTD)
Trailing dividend yield: 0.3%
Upcoming dividend: 5 cents
Franking: 0%
Payment date: 5 October
DRP: No
Last but not least, Corporate Travel is back in the dividend books after a turbulent few years. The ASX 200 travel share tipped back into profitability in FY22, allowing the company to declare a modest final dividend.
