Looking for passive income? These 2 ASX All Ords shares trade ex-dividend next week!

With ex-dividend dates fast approaching, passive income investors will need to act soon.

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Two high-yielding All Ordinaries Index (ASX: XAO) dividend shares are trading ex-dividend next week.

If you want to bank their upcoming passive income payouts, you'll need to own shares at market close the day before these ASX All Ords shares trade ex-dividend.

Which companies am I talking about?

I'm glad you asked!

Two ASX All Ords shares set to trade ex-dividend

The first ASX All Ords stock trading ex-dividend next week is Acrow Ltd (ASX: ACF).

The company provides construction systems across formwork, industrial services and commercial scaffolding in Australia.

And with business growing, the Acrow share price is up 31.40% over the past 12 months.

For its half-year results, the ASX All Ords share reported record sales revenue, record earnings before interest, taxes, depreciation and amortisation (EBITDA), and record underlying net profit after tax (NPAT).

Sales revenue of $101 million was up 28% year on year. EBITDA of $35 million increased by 53%. And underlying NPAT of $16 million was up 33% for the six months compared to the prior corresponding period.

This success was reflected in the record-high, fully franked interim dividend of 2.9 cents per share. At the recent Acrow share price of $1.13, that represents a yield of 2.6% from the interim dividend alone.

Acrow shares trade ex-dividend on Monday. So if you'd like to grab that passive income, you'll need to own shares at market close today. You can then expect to receive those dividends on 31 May.

Which brings us to the second ASX All Ords share trading ex-dividend next week, Bank of Queensland Ltd (ASX: BOQ).

The ASX bank stock reported its half-year results on 17 April. With those results surprising to the upside, the Bank of Queensland share price closed the day 5.2% higher.

On the surface, the bank's results didn't appear overwhelming. But they handily beat consensus expectations as the company continues its work to rebuild into a stronger business.

As for the core financial metrics, total income declined by 12% year on year to $795 million. This came alongside a 6% increase in operating expenses, which came in at $524 million for the half-year.

And with cash NPAT of $172 million down 33%, management also cut the fully franked interim dividend by 15% to 17 cents per share.

Still, at the recent Bank of Queensland share price of $6.17, that works out to a yield of 2.8% just from the upcoming interim dividend.

The All Ords bank stock trades ex-dividend on 2 May. So if you'd like to bank that passive income, you'll need to own shares at market close next Wednesday, 1 May.

You can then expect to receive that payment on 27 May.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. 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 recommended Acrow. 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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