3 ASX 200 shares trading ex-dividend today

This explains why all three ASX 200 shares are down today.

| More on:
three children in fashionable clothes sit in a row together with sad looks on their faces as though they hae been told not to do something or been curtailed from playing.

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

Key points

  • These three ASX 200 shares are trading ex-dividend today, which helps explain why they are all in the red 
  • The Insignia Financial share price has fallen most, down 4.7% to $3.08 
  • Investors who want to receive dividend payments must own or buy the shares before the ex-dividend date 

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.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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 mature-aged couple high-five each other as they celebrate a financial win and early retirement
Dividend Investing

5 top ASX dividend shares to buy right now

Analysts think income investors should be loading up on these shares.

Read more »

Two adults and a child look happy as they walk through airport with child sitting on suitcase.
Dividend Investing

Will Qantas shares pay a dividend in 2024?

Will the dividends return this year? Let's find out.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Dividend Investing

2 market-leading ASX dividend stocks to buy in April

Analysts have put buy ratings on these market-leaders.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Man holding Australian dollar notes, symbolising dividends.
ETFs

Want the latest dividend from the Vanguard Australia Shares ETF (VAS)? Here's what you have to do

If you want to bag the latest VAS dividend, here's what you need to do.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

Investing for passive income? Keep any eye out for that boosted Telstra dividend today!

If you own Telstra shares, keep an eye out for that juicy dividend payout today.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Dividend Investing

Invest $12,000 in Woodside stock and get $5,700 in passive income

Reliable dividend shares are everywhere on the ASX. Here's how you could use that to your advantage.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

3 ASX 300 dividend shares to buy in April

These shares have been named as buys by brokers and tipped to offer very attractive yields.

Read more »