9 popular ASX REITs with ex-dividend dates next week

Investors are in line for some massive dividend payments from these REITs.

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Dividend payment dates, as well as the ex-dividend dates that preceded them, ebb and flow on the ASX just like the tides. There are some weeks, usually just after earnings season when it seems that every company under the Australian sun is paying out a dividend. In other weeks, it's a veritable income desert on the Australian share market.

Luckily, next week is an example of the former.

Whenever an ASX share announces a dividend payment, it must also nominate an ex-dividend date for that payment. This 'ex-div' date is when a line is drawn in the sand between those shareholders who are eligible to receive the payment, and those who will miss out.

Put simply, if you wish to receive a company's latest dividend, you need to own the shares at least one day before the ex-dividend date. If you buy those shares on or after that date, you will miss out on the payment, with the seller retaining the rights to the cash.

As we noted above, there are quite a few ASX shares set to trade ex-dividend on the stock market next week. But today, let's go through no fewer than nine popular real estate investment trusts (REITs) that are in line to fork out their latest dividends (dividend distributions, to be precise).

Before we get right into it, it's worth remembering that dividend distributions from REITs rarely come with any franking credits attached. That's due to their unique composition, which prevents them from paying corporate taxes (from which franking credits are generated) like companies do.

With that out of the way, here are the nine popular ASX REITs with ex-dividend dates set for next week:

Nine ASX income stocks set to trade ex-dividend next week

ASX REIT
Distribution
per unit
Ex-distribution
date
Dividend
payday
Dividend
yield*
Rural Funds Group (ASX: RFF) 2.9 cents 27 June 31 July 5.72%
Centuria Industrial REIT (ASX: CIP) 4 cents 27 June 7 August 5.16%
Centuria Office REIT (ASX: COF) 3 cents 27 June 16 August 10.08%
HomeCo Daily Needs REIT (ASX: HDN) 2.1 cents 27 June 22 August 5.29%
Arena REIT (ASX: ARF) 4.3 cents 27 June 8 August 3.81%
Charter Hall Long WALE REIT (ASX: CLW) 6.5 cents 27 June 14 August 7.49%
Charter Hall Social Infrastructure REIT (ASX: CQE)
4 cents 27 June 19 July 6.61%
Mirvac Group (ASX: MGR)
6 cents 27 June 29 August 5.04%
Abacus Storage King (ASX: ASK)
3 cents 28 June 30 August 5.11%

 *Dividend yield as of Thursday's close

Foolish takeaway

Those are the nine popular REITs scheduled to trade ex-dividend next week.

All of these REITs currently have relatively large trailing dividend distribution yields. As such, we might see some fairly large share price drops when each of them goes 'ex-div'. That will reflect the hefty loss of value for new investors when this eligibility window closes.

So if you see any of these ASX REITs drop like a rock next week, you'll probably know why.

Motley Fool contributor Sebastian Bowen 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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. 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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