Here are 3 ASX 200 shares turning ex-dividend tomorrow

These dividends won't be around for much longer.

| More on:
piggy bank next to alarm clock

Image source: Getty Images

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

A wave of companies in the S&P/ASX 200 Index (ASX: XJO) have already seen their shares turn ex-dividend this month.

Tomorrow, more dividends will be taken off the table as a handful of ASX 200 shares whisk away entitlements to their upcoming dividend payments.

Without further ado, here are three notable ASX 200 shares going ex-dividend tomorrow.

South32 Ltd (ASX: S32)

Today will be the last day to scoop up South32's fully franked final dividend of 17 US cents, which includes a special dividend of 3 US cents. It will be paid on 13 October.

The ASX 200 miner delivered record earnings and cash flow in FY22, capitalising on elevated commodity prices.

Underlying revenue jumped 45% to US$10.6 billion while underlying earnings surged four-fold to US$2.6 billion.

Across the financial year, South32 declared ordinary dividends of 22.7 US cents. This represents a whopping 363% increase from the ordinary dividends seen in FY21.

What's more, the board declared special dividends of 3 US cents, up from 2 US cents in the prior year.

Altogether, South32 shares are currently printing a sizeable trailing dividend yield of 8.7%. Including franking credits, this yield cranks up to 12.4%.

Seven Group Holdings Ltd (ASX: SVW)

Seven Group is another ASX 200 share going ex-dividend tomorrow. Shares will be trading without a fully franked final dividend of 23 cents, which will be paid on 28 October.

In FY22, the diversified investment group delivered underlying net profit after tax (NPAT) of $577 million, up 14% from the prior year. This was driven by outperformance at WesTrac, Coates, Beach Energy Ltd (ASX: BPT) and Boral Limited (ASX: BLD).

However, on a statutory basis, NPAT backtracked by 4%, impacted by impairments and transaction costs at Boral and Seven West Media Ltd (ASX: SWM).

Ultimately, Seven decided to hold its fully franked annual dividends steady at 46 cents. This puts Seven shares on a trailing dividend yield of 2.4%, which grosses up to 3.5% including franking credits.

Fletcher Building Limited (ASX: FBU)

Rounding out this trio of ASX 200 shares turning ex-dividend tomorrow is Kiwi building products company, Fletcher.

Fletcher recently announced its FY22 results, hiking its unfranked final dividend by 22% to 22 NZ cents. 

As part of a Kiwi tax regime, the company will also be paying a supplementary dividend of roughly 3.9 NZ cents per share to shareholders who aren't New Zealand residents.

Investors who own Fletcher shares by the time the market closes today should see these funds land in their account on 6 October.

Amidst a backdrop of supply chain disruptions, Fletcher delivered revenue of NZ$8.5 billion in FY22, up 5% from the prior year.

Earnings before interest and tax (EBIT) before significant items grew at a faster clip, lifting 13% to NZ$688 million.

Across the financial year, Fletcher declared annual ordinary dividends of 40 NZ cents per share, up 33% from FY21. 

This puts Fletcher shares on a trailing dividend yield of 7.1%. Including supplementary dividends, this yield ticks up above 8%.

Motley Fool contributor Cathryn Goh 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 no position in any of the stocks mentioned. 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 man in a shirt and tie holds his chin in thoughtful contemplation and looks skywards as if thinking about something while a graphic of a road with many ups and downs unfurls behind him.
Dividend Investing

Down 8%, this passive income stock offers a 4.6% dividend yield!

Despite a stagnant share price, this stock's payouts have never been higher.

Read more »

Man putting in a coin in a coin jar with piles of coins next to it.
Dividend Investing

Dividend investing opportunities emerging as quality ASX stocks reset

A pullback in quality ASX shares may be the opening dividend investors have been waiting for.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Analysts expect 4% to 6% dividend yields from these ASX stocks

Good yields are expected from these names in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares to buy with $5,000

Analysts think these shares could be top picks for income investors.

Read more »

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
Dividend Investing

Forget Westpac shares and buy these ASX dividend stocks

Analysts think these shares would be better buys for income investors.

Read more »

A smiling woman holds a Facebook like sign above her head.
Dividend Investing

Bell Potter names the best ASX dividend shares to buy in December

These are high conviction picks according to the broker.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

3 ASX dividend shares to buy for a passive income stream

Analysts are recommending these dividend payers.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

This ASX passive income share offers a 5.86% yield. Here's how!

It's not often you see this big of a yield these days...

Read more »