In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another sizeable decline. At the time of writing, the benchmark index is down 1.1% to 7,174.9 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
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BHP Group Ltd (ASX: BHP)
The BHP share price is down over 4% to $44.04. This has been driven by the mining giant's shares going ex-dividend this morning for its fully franked 80 US cents per share final dividend. Eligible shareholders can look forward to receiving this dividend later this month on 28 September.
Lake Resources N.L. (ASX: LKE)
The Lake Resources share price is down 5% to 18.5 cents. Investors have been hitting the sell button again this week after the lithium developer was kicked out of the ASX 200 index at the quarterly rebalance. The Lake Resources share price has now lost approximately 85% of its value over the last 12 months.
Qantas Airways Limited (ASX: QAN)
The Qantas share price is down over 2% to $5.58. This airline operator's shares have come under pressure this week and are now trading at an 11-month low. Investor sentiment appears to have been hit by the significant bad press the company has been receiving. In addition, investors may be concerned that the decision to block Qatar Airways from flying extra international flights could be overturned.
Super Retail Group Ltd (ASX: SUL)
The Super Retail share price is down 6.5% to $11.96. This has been driven largely by the retailer's shares going ex-dividend this morning. Eligible shareholders can look forward to receiving Super Retail's fully franked 44 cents per share final dividend and 25 cents per share special dividend next month on 18 October.
