S&P/ASX 200 Index (ASX: XJO) shares are taking a beating today, down 1.78% to 7,180.6 points at lunchtime.
The ASX 200 is falling after a poor trading session in the United States overnight. The Dow Jones Industrial Average Index (DJX: .DJI) fell by 1.66%, the S&P 500 Index (SP: .INX) dropped 1.85%, and the Nasdaq Composite Index (NASDAQ: .IXIC) was down by 2.05%.
However, the three ASX 200 shares below are also down today because they're trading ex-dividend.
This means any investor who buys these ASX 200 shares today will not be entitled to the recently declared dividend.
Let's take a look at the details.
Insignia Financial Ltd (ASX: IFL)
The Insignia Financial share price is down 4.7% to $3.08 at the time of writing.
The 1H FY23 report for this ASX 200 share revealed a $94.4 million underlying net profit after tax (NPAT). This was 17.1% down on the prior corresponding period (pcp).
Thus, there was a flow-on effect to dividends with an 11% cut pcp. Insignia Financial declared a 10.5 cent per share interim dividend with 50% franking payable on 3 April.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is slipping 1.07% to $63.82 at lunchtime on Friday.
WiseTech reported a 40% increase in underlying NPAT to $108.5 million for 1H FY23. Its free cash flow also increased by 53% to $137.8 million.
The company declared a massively boosted interim dividend of 6.6 cents, up 39% pcp, fully franked. The ASX 200 company will pay shareholders on 6 April.
Downer EDI Ltd (ASX: DOW)
This ASX 200 share is in the red, too, down 0.5% to $3.28 at the time of writing.
The engineering and construction business reported a 20% drop in profit for 1H FY23. The company said its revenue was higher, but costs also increased due to bad weather, labour shortages, and other things.
The interim dividend was consequently slashed by 58% pcp to 5 cents per share unfranked. Downer will pay its shareholders on 11 April.
Possibly also contributing to the Downer share price dip today is an update from the Fitch Ratings agency.
Fitch affirmed its BBB credit rating on Downer and maintains a negative outlook.
