Australian investors looking for dividend income have many ASX All Ords shares to consider before their ex-dividend dates next week.
According to CommSec data, 65 securities will go ex-dividend, with some companies appearing multiple times on the list due to their multiple issues.
The ex-dividend date is the last day on which investors can own a stock before qualifying for the next announced dividend.
The list contains four stocks that are set to pay next week, including National Australia Bank Ltd (ASX: NAB), Macquarie Group Ltd (ASX: MQG), Champion Iron Ltd (ASX: CIA), and GQG Partners Inc (ASX: GQG).
Here's a breakdown of each stock, including ex-dividend dates and dividend yields.
ASX All Ords shares to go ex-dividend
Here, we'll review each stock and provide all of the relevant details, including the implied dividend yields, for easy reference.
National Australia Bank
- Dividend amount: AUD 0.85
- Ex-dividend date: 12 November
- Payment date: 16 December
- Implied dividend yield: 2.16%
National Australia Bank is set to pay an interim dividend of 85 cents per share, representing a slight bump from last year.
Investors will need to hold NAB shares by the end of trading on Monday, 11 November, with the ex-dividend date landing on Tuesday, 12 November 2024.
The bank's full-year payout for FY24 comes in at $1.69 per share, up 120 basis points on the previous year.
Macquarie
- Dividend amount: AUD 2.60
- Ex-dividend date: 11 November 2024
- Payment date: 17 December 2024
- Implied dividend yield: 1.13%
Macquarie Group has declared an interim dividend of $2.60 per share, with the ex-dividend date slated for Monday, 11 November 2024.
The dividend, franked at 35%, reflects the bank's robust earnings performance in the latest half-year report, where revenues increased by 4%.
Eligible shareholders can expect this payment by 17 December, with an option for the dividend reinvestment plan (DRP) of the ASX All Ords shares if elected.
Champion Iron
Champion Iron will also pay an interim dividend to shareholders in November. The iron ore miner is set to pay shareholders 10 Canadian cents for every security they own.
- Dividend amount: CAD 0.10
- Ex-dividend date: 11 November 2024
- Payment date: 28 November 2024
- Implied dividend yield: 1.63%
The ex-dividend date is also set for 11 November, with payments due by 28 November.
The ASX All Ords share has been gaining traction with its high-grade production from the Bloom Lake Mining Complex, making it an interesting option for investors eyeing both dividend income and growth potential.
GQG Partners
Finally, GQG Partners will pay shareholders an interim dividend in December, as seen below.
- Dividend amount: USD 3.4 cents per share (AUD 5.3 cents)
- Ex-dividend date: 12 Novmber 2024
- Payment date: 20 December 2024
- Implied dividend yield: 1.95%
The asset management firm announced that the ex-dividend date for this respective payment is 12 November. It typically pays 90% of earnings as distributions to its owners.
However, shareholders will have to wait a bit for the payment to hit their brokerage accounts.
The slated date for payment is December 20, just in time for a nice dividend Christmas gift.
Bottom line for ASX All Ords shares
These four ASX All Ords shares will go ex-dividend next week, giving income-focused investors multiple opportunities ahead.
Just remember the ex-dividend date is the last day you can grab shares before the cutoff. At the same time, there's no rush to jump into anything for the long-term-minded investor.
