When an ASX 200 share trades ex-dividend, it's usually big ASX news. For one, it means that investors have a dividend coming their way in the near future, which is always a cause for celebration.
But when a share goes 'ex-div', it's also notable due to the typical share price fall we see.
An ex-dividend date effectively rules out new investors from receiving the upcoming dividend. Put simply, if you own the shares before the ex-dividend date, you get the dividend paycheque. But if you buy them on or after the date, you miss out.
As such, we usually see a big fall in the company's share price, reflecting this loss of value for investors going forward. So today, let's discuss three ASX 200 shares that will experience this very phenomenon next week.
3 ASX 200 shares that will trade ex-dividend next week
Champion Iron Ltd (ASX: CIA)
First up is ASX 200 mining share Champion Iron. It was only late last month that Champion Iron released its latest results covering the six months to 30 September 2023. This included a notice that its upcoming interim dividend would come in at 10 Canadian cents per share.
While we don't yet have a final amount in Australian dollars, this would roughly equate to a payment worth 11 Australian cents at current exchange rates.
Champion Iron shares are scheduled to trade ex-dividend for this payment next Monday, 6 November, meaning today is the last day one could buy shares and receive this latest dividend. Payday will then occur on 28 November later this month.
Champion Iron shares currently trade with a dividend yield of 2.08%
ResMed Inc (ASX: RMD)
Next up is ASX 200 healthcare share Resmed. Resmed is a rare ASX share that pays out quarterly dividends. This is a result of the company's primary listing being in the United States, where quarterly dividend payments are the norm.
The latest dividend from this stock will arrive on 14 December next month. However, the ex-dividend date has been set for next Wednesday 8 November. This latest dividend will be worth 4.8 US cents per share, the same as the previous quarter.
Again, we don't have a final amount as of yet in Australian dollar terms. But at today's rates, investors can expect a payment that comes to approximately 7.5 Australian cents per share.
Resmed shares currently have a dividend yield of 1.19%.
CSR Ltd (ASX: CSR)
Finally, a bonafide Australian share to conclude with. ASX 200 building products share CSR is our last share up for discussion today. CSR only revealed its latest half-year earnings yesterday. As we covered at the time, this saw CSR reveal a 5% rise in revenues, but an 11.5% slump in net profits after tax (NPAT).
This led to an interim dividend of 15 cents per share, fully franked, being declared. That was down from the 16.5 cents per share investors enjoyed for the same period last year.
CSR shares will trade ex-dividend for this upcoming paycheque next Tuesday, 7 November. The payment day is set for 7 December next month.
Right now, CSR shares are sporting a dividend yield of 6.17%.
