You can't have a dividend from an ASX 200 share without an ex-dividend date. While investors might not enjoy the share price falls that typically come with an ex-dividend date, the company has to draw the line between who gets the dividend and who doesn't somewhere. There's no free lunch here.
So here are five ASX 200 dividend shares that are cutting off new investors to their upcoming dividend payments next week.
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4 ASX 200 shares going ex-dividend next week
Coronado Global Resources Inc (ASX: CRN)
First up is ASX 200 coal share Coronado. Coronado declared a special dividend of 13.42 US cents per share at the end of last month. The Australian dollar figure has yet to be determined. This special unfranked dividend is coming investors' way on 12 December.
But investors have until 18 November, next Friday, to own Coronado shares if they wish to receive it. We will find out exactly how much shareholders are in line for in Aussie dollar terms on 24 November.
National Australia Bank Ltd (ASX: NAB)
Here is an ASX 200 bank share that we do know how much is coming investors' way. NAB is another share that is lined up to pay out its shareholders soon. The bank's final and fully franked dividend of 78 cents per share is scheduled to hit bank accounts on 14 December.
Investors will need to own NAB shares before the ex-dividend date of 15 November, next Tuesday. Investors can also receive additional shares instead of cash with the bank's dividend reinvestment plan (DRP). The election date for the DRP is 17 November.
Westpac Banking Corp (ASX: WBC)
NAB isn't the only ASX 200 bank about to pay out a dividend. Westpac shareholders are also in line to receive their final dividend soon. Westpac will dole out its cash on 20 December (Merry Christmas!), but investors will need to own the shares by the ex-dividend date of 17 November, next Thursday.
The final dividend will be worth 64 cents per share, fully franked. Like NAB, Westpac investors also have the choice of opting for the optional DRP, with the election date set for 21 November.
Washington H. Soul Pattinson and Co Ltd (ASX: SOL)
Finally, we have the ASX 200 investing conglomerate Soul Patts. Soul Patts has the distinction of being one of the only ASX shares with a 21-year streak of raising its annual dividend every year. The streak continues this year, with the company's final dividend of 43 cents per share coming in over last year's payout of 38 cents per share.
In addition, Soul Patts will also be doling out a special dividend worth 15 cents per share as well. Both will come fully franked. The ex-dividend date for both payments is scheduled for 18 November, next Friday, with the payment date to be 12 December.
