Although dividend season on the ASX is in a bit of a lull right now, that doesn't mean various shares on the All Ordinaries (ASX: XAO) Index aren't still paying out their latest dividends and thus have ex-dividend dates coming up.
Next week, there aren't too many blue chip ASX 200 stocks that have 'ex-div' dates scheduled. But we still have eight prominent All Ords stocks that will cut off eligibility for their next payouts for new investors.
Remember, when a share trades ex-dividend, it draws a line in the sand that divides eligible investors from non-eligible investors as to who gets the dividend in question.
It's usually only investors who own shares as of the market close on the last trading day before the ex-dividend date that receive the dividend paycheque. If you buy the shares on or after the ex-dividend date, you'll miss out and leave the rights to the dividend payment with the seller.
Because of this loss of value for new investors, it's typical to see a stock experience a drop in share price when the market opens on its ex-dividend date, reflecting the cash leaving the company.
With all that in mind, here are eight ASX All Ords shares that will undergo this process next week.
Eight ASX All Ords shares trading ex-dividend next week
| ASX All Ords share | Dividend per share |
Ex-dividend date |
Dividend payday |
Current dividend yield* |
| Pacific Smiles Group Ltd (ASX: PSQ) | 3.3 cents (fully franked) | 24 September | 10 October | 2.86% |
| Genesis Energy Ltd (ASX: GNE) | 6.4 cents | 24 September | 11 October | 7.26% |
| Nick Scali Ltd (ASX: NCK) | 33 cents (fully franked) | 25 September | 17 October | 4.30% |
| IMDEX Ltd (ASX: IMD) | 1.3 cents (fully franked) | 25 September | 10 October | 1.33% |
| Vulcan Steel Ltd (ASX: VSL) | 11.8 cents (95% franked) | 26 September | 10 October | 2.99% |
| Dexus Convenience Retail REIT (ASX: DXC) | 5.1 cents | 27 September | 14 November | 7.11% |
| Rural Funds Group (ASX: RFF) | 2.9 cents | 27 September | 31 October | 5.94% |
| Centuria Industrial REIT (ASX: CIP) | 4.1 cents | 27 September | 28 October | 4.80% |
*Dividend yield as of yesterday's market close
So not a whole lot of 'big' ASX names there. But even so, many investors hold at least one of these ASX All Ords shares, and so will be expecting a payout over the next month or two.
Remember, if you want the payouts from Pacific Smiles or Genesis Energy, you must own the shares before the end of today's trading.
