The ex-dividend date is an important day for companies in the S&P/ASX 200 Index (ASX: XJO).
When an ASX 200 share goes ex-dividend, buyers won't be eligible to receive the company's upcoming dividend payment.
Plus, companies often see their shares drop when they turn ex-dividend as the value of the dividend payment leaves the share price.
With the ASX share market closed on Thursday as the nation commemorates Queen Elizabeth II, ASX 200 shares have been shuffling around their ex-dividend dates.
Here are three ASX 200 shares that will be calling time tomorrow on their upcoming dividend payments.
Cochlear Limited (ASX: COH)
First up, ASX 200 healthcare share Cochlear will be turning ex-dividend tomorrow.
This means that today is the last day to snap up the company's partially-franked final dividend of $1.45.
If you're on Cochlear's share registry by the closing bell today, you can pencil in a payment date of 17 October.
Cochlear continued its recovery from COVID in FY22. Cochlear implant unit volumes grew by 5%, contributing to $935 million in cochlear implant sales revenue, up 3% from the prior year.
Meanwhile, underlying net profit after tax (NPAT) jumped 18% to $277 million.
The company returned 71% of these profits to shareholders through annual dividends of $3 per share, up 18% from FY21.
This puts Cochlear shares on a trailing dividend yield of 1.4%.
Cleanaway Waste Management Ltd (ASX: CWY)
The next cab off the rank is Cleanaway, which will be trading tomorrow without an unfranked final dividend of 2.45 cents per share.
The ASX 200 waste management company has a dividend reinvestment plan (DRP) available for shareholders. Those who don't elect to participate should see this dividend payment come through on 7 October.
Cleanaway delivered double-digit sales growth in FY22 as revenue leapt 18% to $2.6 billion. This growth was driven by the acquisition of the Sydney Resource Network, new municipal contracts, and strong commodity prices.
However, operational challenges led to a 5% fall in underlying NPAT, which came in at $145 million.
Across the financial year, the company hiked its dividends by 7% to 4.9 cents per share. This means that Cleanaway shares are currently throwing out a trailing dividend yield of 1.8%.
In other news, last month, Cleanaway launched a $400 million capital raising to fund its 'BluePrint 2030' strategy. As part of this strategy, the company has acquired licensed composting business Global Renewables for $168.5 million.
Adbri Ltd (ASX: ABC)
Last but not least, Adbri will also be closing the curtain tomorrow on its upcoming dividend payment.
The ASX 200 construction materials company recently handed in its first-half 2022 results, trimming its interim dividend by 9% to 5 cents.
Shareholders should see this fully franked dividend land in their accounts on 5 October.
Adbri shares have drudged up a 24% fall in the last month after the company's HY22 results disappointed investors.
The company grew its topline by 8% to $812 million on the back of strong construction and mining sector demand and improved pricing across most of its products.
However, Adbri's profits didn't hold up so well. Underlying NPAT dropped 1% to $54 million, weighed down by a series of operational challenges.
This included extreme wet weather events on the east coast of Australia, higher input costs, and anticipated lower lime volumes.
Looking ahead, the company is expecting to grow its underlying earnings in the second half, driven by increased contributions from cement, concrete, aggregates, masonry, joint ventures, and recent acquisitions.
Adbri shares are currently trading on a trailing 12-month dividend yield of 5.9%, which grosses up to 8.4% with the benefit of franking credits.
