Last chance to snag the next dividend on these 4 ASX All Ords shares

It's almost distribution time for these property stocks.

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Key points

  • Investors need to grab shares/units of these stocks soon before the ex-distribution date
  • Payment will follow in the weeks after from each of the four stocks
  • Garda Diversified Property Fund. Rural Funds Group, Healthco Healthcare and Wellness REIT and Hotel Property Investments are the four involved

It's almost dividend time for the four ASX All Ordinaries (ASX: XAO), or ASX All Ords, shares I will cover in this article.

The ex-dividend date is essential for investors focused on passive income. Its date is when investors will no longer be entitled to the dividend of an ASX share. For example, if the ex-dividend date is 30 June 2023, then 29 June 2023 is the last date people can gain entitlement to the upcoming dividend.

Investors that already own shares don't need to do anything. They receive entitlement to the dividend simply by holding the shares.

From here, the dividend payment comes next, though there's no set timeframe for when the cash will be sent to investors.

So, let's look at which businesses plan to pay dividends soon.

Which ASX All Ord shares make the list?

Garda Diversified Property Fund (ASX: GDF)

Garda is a real estate investor, developer and manager of investments along the eastern seaboard of Australia from Cairns to Melbourne.

Importantly for those seeking a regular income, Garda pays a quarterly distribution to its investors. The next scheduled distribution payment will be 1.8 cents per security, with an ex-distribution date of 29 June 2023. This means investors have until 28 June 2023 to be a holder of the units.

The payment date is 17 July 2023.

Healthco Healthcare and Wellness REIT (ASX: HCW)

This is a real estate investment trust (REIT), as the name suggests, which owns healthcare and 'wellness' properties that are exposed to the healthcare tailwinds.

The distribution to be paid from the ASX All Ords share is a 2 cents per security payment, with an ex-distribution date of 29 June 2023. That means that investors have to own units by 28 June 2023.

The payment date for the distribution is 30 August 2023.

Hotel Property Investments Ltd (ASX: HPI)

As the name might suggest, it owns an extensive portfolio of freehold pubs and associated tenancies.

The business pays a distribution every six months to investors, and the next one will be a payment of 9.4 cents per security. The ex-distribution date for this one is 29 June 2023, so investors have until 28 June 2023 to grab units.

The payment date for this one is 1 September 2023.

Rural Funds Group (ASX: RFF)

This agricultural REIT owns various farmland properties and leases to quality tenants, including cattle, almonds, macadamias, vineyards and cropping.

The ASX All Ords share pays a quarterly distribution, the next being a payment of 2.93 cents per security. Furthermore, the ex-distribution date for this ASX All Ords share is 29 June 2023. As such, investors only have until 28 June 2023 to invest and qualify.

The payment date is 31 July 2023.

Motley Fool contributor Tristan Harrison has positions in Rural Funds Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Hotel Property Investments and Rural Funds Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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