In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.35% to 8,798.3 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
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Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is down almost 11% to $1.76. Investors have been selling the uranium producer's shares following the release of an update on the Honeymoon project. It notes that it is undertaking a review that is looking into the potential for reduced continuity of mineralisation and leachability compared with the assumptions contained in its Enhanced Feasibility Study (EFS) and the impact this may have on its ability to achieve production nameplate capacity. The company has made a number of appointments to help with its review and expects to complete it in the December quarter.
Nine Entertainment Co Holdings Ltd (ASX: NEC)
The Nine Entertainment share price is down 34% to $1.11. This has been driven by the media company's shares going ex-dividend this morning for its final and special dividends of FY 2025. Last month, the company declared total dividends of 53 cents per share, which is the equivalent of a 31% dividend yield based on its last close price. Eligible shareholders can look forward to receiving these fully franked payouts later this month on 26 September.
Perpetual Ltd (ASX: PPT)
The Perpetual share price is down 4.5% to $19.57. The catalyst for this has also been the fund manager's shares going ex-dividend today. Last month, Perpetual released its FY 2025 results and revealed a final unfranked dividend of 54 cents per share, up slightly year on year. This will now be paid to eligible shareholders early next month on 3 October.
Syrah Resources Ltd (ASX: SYR)
The Syrah Resources share price is down almost 3% to 27.2 cents. This is despite the graphite producer revealing that it has received an US$11.7 million direct payment from the US Internal Revenue Service for its first Advanced Manufacturing Production credit under Section 45X of the Inflation Reduction Act. Management notes that cash proceeds from this Section 45X Production Credit are in restricted accounts and, with the approval of the US Department of Energy, may be used to fund Vidalia operating costs (net of revenue).
