After a shaky start this morning, the All Ordinaries Index (ASX: XKO) is pushing higher at this point of Tuesday's trading. At the time of writing, the All Ords has gained a tentative 0.07%, lifting the Index back over 7,420 points. But let's talk about some ASX All Ords shares that might have a rough week in terms of share price.
When a company trades ex-dividend for an upcoming shareholder payment, we normally see a dip in said company's share price. That's because when a company goes ex-dividend, new investors are ineligible to receive the upcoming dividend in question. As such, the shares become notionally less valuable.
So let's discuss five ASX All Ords shares that will experience this phenomenon this week.
5 ASX All Ords shares going ex-dividend this week
Ridley Corporation Ltd (ASX: RIC)
All Ords agricultural share Ridley Corporation is first up for discussion. This company declared an interim dividend of 4 cents per share, fully franked, back in February. Investors will see this payment arrive in their bank accounts on 24 April later this month. But eligibility for new investors will be shut off when Ridley shares trade ex-dividend tomorrow, 5 April.
Clover Corporation Limited (ASX: CLV)
All Ords nutritional ingredients company Clover Corporation is next up for examination. Clover also has an upcoming dividend in store for investors. The 2023 interim dividend of 0.75 cents per share, fully franked, is coming investors' way on 27 April this month.
But again, investors will need to be quick if they wish to secure it. That's because Clover's ex-dividend date is also set for tomorrow, 5 April.
Imdex Limited (ASX: IMD)
Imdex is another All Ords share that will go 'ex-div' this week. In this mining services company's case, investors can expect to see Imdex's upcoming interim dividend arrive on 20 April. It will be a payment worth 1.5 cents per share, fully franked. But Imdex is another ASX All Ords share that will trade ex-dividend tomorrow, so time is running out for this one as well.
ARB Corporation Ltd (ASX: ARB)
All Ords provider of off-road equipment and accessories, ARB Corp, is our next share worth checking out. ARB declared an interim dividend of 32 cents per share, fully franked, back in February. Investors will bag this dividend payment later this month on 21 April. But once more, tomorrow is the ex-dividend day for ARB.
Brickworks Limited (ASX: BKW)
All Ords stalwart and construction materials company Brickworks is our final cab off the rank this Tuesday. Last month, Brickworks delighted investors with its announcement that this year's interim dividend would be the highest the company has ever paid out at 23 cents per share, fully franked.
Unlike the other shares we've discussed today, Brickworks' ex-dividend date for this payment has been set for 6 April (this Thursday). Payment will then arrive in investors' mailboxes on 2 May next month.
