In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and is on course to record a small decline. At the time of writing, the benchmark index is down 0.3% to 8,902.7 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
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Bendigo and Adelaide Bank Ltd (ASX: BEN)
The Bendigo and Adelaide Bank share price is down almost 4% to $12.72. This has been driven by the regional bank's shares going ex-dividend this morning. When this happens, it means the rights to an upcoming dividend are settled and new investors won't be entitled to receive the payout when pay day comes around. Last month, Bendigo and Adelaide Bank declared a fully franked final dividend of 33 cents per share. This will be paid to eligible shareholders at the end of the month on 30 September.
Guzman Y Gomez Ltd (ASX: GYG)
The Guzman Y Gomez share price is down 4% to $24.45. This is despite there being no news out of the quick service restaurant operator. Though, it is worth noting that approximately 46.3 million Guzman y Gomez shares were released from escrow late last month. It is possible that some shareholders are cashing in today. In addition, the company's shares have been under significant pressure since the release of its results. Commenting on the results, Morgans said: "The FY25 result was slightly softer than expected. A weak 1Q26 trading update and lower than expected FY26 EBITDA margin guidance weighed on the shares and results in material near-term consensus revisions."
Vicinity Centres (ASX: VCX)
The Vicinity Centres share price is down 2% to $2.57. This may have been driven by a broker note out of UBS this morning. According to the note, the broker has reaffirmed its sell rating on the property company's shares with a slightly improved price target of $2.42. This implies potential downside of approximately 6% for investors from current levels.
Woolworths Group Ltd (ASX: WOW)
The Woolworths Group share price is down 3% to $27.93. This has also been caused by the supermarket giant's shares also going ex-dividend this morning for its latest payout. Last month, the struggling retailer released its FY 2025 results and declared a fully franked final dividend of 45 cents per share. This will be paid to eligible shareholders later this month on 26 September.
