We're currently in the middle of the August earnings season on the ASX.
While this means that we get to take a look under the hood of many of the S&P/ASX 200 Index (ASX: XJO)'s most prominent shares, it also means that it's that happy time of the year when dividends start raining down on investors.
But before a dividend comes an ex-dividend date.
When an ASX 200 share announces a dividend, it simultaneously has to pick an ex-dividend date to precede it. This ex-dividend date rules a line in the sand over which shareholders receive the cash from a company's dividend (or the additional shares if a dividend reinvestment plan (DRP) is selected).
Put simply, if an investor owns a dividend-paying company's shares as of the market close on the last trading day before a company trades ex-dividend, they make the cut. But if an investor buys those same shares on or after the company's ex-dividend date, the seller will retain the rights to that particular dividend.
This is why we usually see a substantial share price drop when a company goes 'ex-div'. This share price drop reflects the loss of value for new investors of that single dividend payment.
So today, let's check out the ASX 200 shares that are scheduled to trade ex-dividend over the coming week.
Six ASX 200 income shares set to trade ex-dividend next week
| ASX 200 share | Dividend per share |
Ex-dividend date |
Dividend payday |
Current dividend yield* |
| Seven Group Holdings Ltd (ASX: SVW) | 30 cents (fully franked) | 19 August | 2 September | 1.35% |
| Computershare Ltd (ASX: CPU) | 42 cents | 20 August | 16 September | 2.46% |
| AMP Ltd (ASX: AMP) | 2 cents (20% franked) | 21 August | 27 September | 3.01% |
| Commonwealth Bank of Australia (ASX: CBA) | $2.50 (fully franked) | 21 August | 27 September | 3.31% |
| JB Hi-Fi Ltd (ASX: JBH) | $1.83 cents (fully franked) | 22 August | 6 September | 3.37% |
| Amotiv Ltd (ASX: AOV) | 22 cents (fully franked) | 23 August | 12 September | 3.72% |
*Dividend yield at the time of writing
Foolish takeaway
So some big names there, particularly CBA. CBA's dividend is arguably one of the most anticipated metrics every ASX earnings season. This week saw the bank reveal a record-high final dividend of $2.50 per share (fully franked of course), which investors will no doubt appreciate next month.
JB Hi-Fi's dividend is also worthy of discussion. The $1.83 cited above includes JB's ordinary final dividend for FY024 of $.03 per share and a special dividend worth 80 cents per share.
Both payments have the same ex-dividend and payment date, so they will effectively function as a single payment this earnings season.
We'll be back with more ASX ex-dividend dates next week, so stay tuned.
