It's always big news on the Australian share market when an ASX 200 dividend stock trades ex-dividend. For one, a stock going 'ex-div' means that any investors who buy shares on that day forward miss out on the upcoming dividend payment that a company has scheduled for investors.
But whenever a company trades ex-dividend, we also tend to see a big share price drop for the company in question. This drop reflects the loss of that dividend's value for any ASX 200 investor who buys shares from that day onwards.
So ex-dividend dates are clearly events of note on our share market. And next week, we'll see not one, but two ASX 200 shares go through this process.
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2 ASX 200 shares scheduled to trade ex-dividend next week
First up, we have ASX 200 building products company CSR Ltd (ASX: CSR). CSR has been making waves in 2024 after the company agreed to a $9 per share takeover offer from the French company Saint-Gobain earlier this year.
Earlier this month, CSR confirmed that its shares would be removed from the ASX 200 Index (and the Australian share market) next Thursday, 20 June, as a result of this takeover. However, before the stage exit, CSR shares have one more trick up their sleeves.
The company will be forking out a swansong dividend on 1 July next month. This passive income payment will be worth a fully franked 12 cents per share and will come out of that $9 per share takeover offer. So eligible shareholders will now receive $8.88 in cash for every CSR share owned. That's in addition to this 12 cents per share dividend payment.
However, if you want this cash in your bank account, you'll have to own CSR shares before the company trades ex-dividend for this payment next Friday, 21 June.
CSR shares are currently trading on a dividend yield of 3.9%.
A retail share with a 4% dividend yield
Next, let's talk about ASX 200 retail share Premier Investments Limited (ASX: PMV). Premier is the company behind famous Australian retail brands like Smiggle, Dotti and Peter Alexander.
Premier delivered its last earnings report back in March. As we covered at the time, this report was well-received, thanks in part to the ASX 200 share's decision to pay an interim dividend of 63 cents per share, fully franked. That was a 16.7% increase over the ordinary interim dividend of 54 cents per share that investors enjoyed in 2023.
However, this dividend was only set to be paid out on 27 July next month. If ASX 200 investors wish to see this dividend in their bank accounts, they will need to own Premier shares before the ex-dividend date. This has been set for next Tuesday, 18 June.
Premier Investments stock is currently trading on a dividend yield of 4.24%.
