Two ASX All Ordinaries Index (ASX: XAO) shares will be trading ex-dividend next week. If it's passive income you're after, you'll want to own these ASX All Ords shares before that ex-dividend date.
So, without further ado…
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This All Ords share is about to pay a record interim dividend
First up we have retail conglomerate Premier Investments Ltd (ASX: PMV).
The All Ords share reported some strong half-year results at the end of March. That included record retail sales of $905 million, up 17.6% year on year.
This saw management declare an interim fully franked ordinary dividend of 54 cents per share, and a special fully franked dividend of 16 cents per share. That brought the total interim dividend to an all-time high of 70 cents per share, up 52% from the previous year.
Commenting on the juicy dividend payout, Premier's chairman, Solomon Lew, said:
We are delighted to continue our track record of strong returns for our shareholders, approving record interim ordinary and special dividends for the half of 70 cents per share. Over the past three years and including the 1H23 dividends, Premier shareholders have been rewarded with a total of half a billion dollars in fully franked dividends.
The All Ords stock trades ex-dividend on Tuesday, 20 June.
If you want to grab that payout, you'll need to own shares at market close on Monday. You can then expect that passive income to land in your account on 26 July.
Premier trades on a trailing yield of 6%.
What other ASX company trades ex-dividend next week?
The other ASX All Ords share trading ex-dividend next week is Kelly Partners Group Holdings Ltd (ASX: KPG).
That's a fairly regular occurrence for Kelly Partners, as the chartered accounting business pays fully franked dividends every month.
The June payout comes to 0.3993 cents per share. That's up 10% from last financial year's monthly dividend.
The All Ords share trades ex-dividend next Wednesday, 21 June. If you want that passive income, you'll need to own shares at market close on Tuesday.
Eligible shareholders can expect that to hit their bank accounts on 30 June.
Kelly partners trades on a trailing yield of 1.5%.
