If you're looking for some income from the share market in the very near future, then you could look at the four ASX All Ords shares in this article.
But a warning, you will have to move fast!
These four shares will all be going ex-dividend this week. Once that happens, the rights to these dividends are locked in and new buyers won't be eligible to receive the payout when pay day comes around.
Let's see which shares are going ex-dividend and what they are offering income investors:
Image source: Getty Images
Amcor (ASX: AMC)
Packaging giant Amcor released its first quarter update earlier this month and declared an unfranked dividend of 19.19 cents per share. This is the equivalent of a 1.2% dividend yield based on where the ASX All Ords share trades today.
Amcor's shares will be going ex-dividend for this on Wednesday, which means that investors have until the end of today's session to snap up its shares. Pay day will then be coming next month on 11 December.
Analysts are largely sitting on the fence with the company. Citi is the most optimistic of the major brokers with its neutral rating and $17.00 price target. This compares to its current share price of $15.65.
Infratil Ltd (ASX: IFT)
This New Zealand–based infrastructure investment company's shares are scheduled to go ex-dividend on Wednesday as well.
The company recently released its half year results and declared an interim unfranked dividend of 5.6 cents per share. This will be paid to shareholders on 10 December.
Earlier today, Jarden put an overweight rating and NZ$12.70 (A$11.49) price target on its shares. This implies modest upside from its current share price of A$11.16.
Orica Ltd (ASX: ORI)
Investors have until Thursday to buy this ASX All Ords share before it goes ex-dividend on Friday.
Last week, this commercial explosives company released its full year results and declared an unfranked final dividend of 28 cents per share. This represents a 1.5% dividend yield at current levels. It will be paid to eligible shareholders just before Christmas on 23 December.
Analysts at Morgan Stanley think buying Orica's shares could be a good idea. Last week, the broker put an overweight rating and $22.50 price target on them. This implies potential upside of over 20%.
Terracom Ltd (ASX: TER)
A fourth ASX All Ords share that is due to go ex-dividend soon is Terracom.
The coal mining company recently released its quarterly update and declared a fully franked 1 cent per share quarterly dividend. This represents a generous 4.5% dividend yield at current prices.
Terracom's shares will go ex-dividend for this on Thursday. After which, it plans to pay it to eligible shareholders on 6 December.
None of the major brokers cover Terracom.
