9 ASX shares going ex-dividend next week

New Hope Corporation and Genesis Energy are among the ASX shares going ex-dividend soon.

A smiling pink piggy bank graduates after years of growth

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • ASX companies are slowing getting through the ex-dividend phase, with share prices tending to drop on ex-dividend day. 
  • Recent examples include South 32 dropping 1.5%, Super Retail Group falling 4.2%, CSL down 2.15%, and Pro Medicus decreasing by 1.3% on their respective ex-dividend dates.
  • Nine Entertainment's 36% share price drop after going ex-dividend reflected a special dividend following Domain's sale, highlighting the impact of one-off special dividends on stock value.

S&P/ASX All Ords Index (ASX: XAO) shares are 0.54% higher at 9,080 points at the time of writing on Friday.

With reporting season over, ASX companies are slowly winding their way through the ex-dividend process.

After a company announces its financial results and dividend, ASX investors have a short window to buy the share with the payment attached.

On the ex-dividend date, the stock begins trading without the next dividend payment attached.

We typically see share prices fall on ex-div dates because the shares are inherently less valuable without the dividend included.

Ex-dividend dates provide two opportunities for investors.

You can buy an ASX share before its ex-dividend date, which gives you immediate entitlement to the next dividend payment.

Or, you can buy an ASX share on its ex-div date, when the share price typically falls, and take advantage of that dip.

As usual, we've seen plenty of examples of ASX shares falling on their ex-dividend dates this year.

Yesterday, South 32 Ltd (ASX: S32) shares closed 1.5% down after going ex-dividend.

The Super Retail Group Ltd (ASX: SUL) share price fell 4.2% on its ex-div date this month.

CSL Ltd (ASX: CSL) shares dropped 2.15% on their ex-dividend date.

The Pro Medicus Ltd (ASX: PME) share price fell 1.3% on its ex-dividend date.

Nine Entertainment Co Holdings Ltd (ASX: NEC) shares provide an extraordinary example, plummeting 36% on ex-div day.

However, this was more a reflection of the special dividend paid to Nine shareholders this time around after the sale of Domain.

Nine Entertainment is one of several companies that announced special dividends during the August earnings season.

9 ASX shares with ex-dividend dates next week

Here is a sample of the ASX shares going ex-dividend next week.

ASX shareEx-div dateDividend amountDIvidend payday
Bisalloy Steel Group Ltd (ASX: BIS)22 September 16.5 cents3 October
New Hope Corporation Ltd (ASX: NHC)22 September 15 cents 8 October
Southern Cross Electrical Engineering Ltd (ASX: SXE)23 September5 cents8 October
IPD Group Ltd (ASX: IPG)23 September6.2 cents8 October
Imdex Ltd (ASX: IMD)24 September1 cent9 October
Genesis Energy Ltd (ASX: GNE)24 September6.5 cents10 October
PRL Global Ltd (ASX: PRG)25 September2 cents24 October
Salter Brothers Emerging Companies Ltd (ASX: SB2)25 September2 cents30 October
SRG Global Ltd (ASX: SRG)26 September3 cents10 October

Further reading

If you own ASX shares and would like to review the earnings reports of your companies, please see our comprehensive calendar page.

Motley Fool contributor Bronwyn Allen has positions in South32. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Ipd Group, and Super Retail Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Imdex, Ipd Group, and Super Retail Group. The Motley Fool Australia has recommended Bisalloy Steel Group, CSL, Nine Entertainment, Pro Medicus, Southern Cross Electrical Engineering, and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Man putting in a coin in a coin jar with piles of coins next to it.
Dividend Investing

Dividend investing opportunities emerging as quality ASX stocks reset

A pullback in quality ASX shares may be the opening dividend investors have been waiting for.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Analysts expect 4% to 6% dividend yields from these ASX stocks

Good yields are expected from these names in the near term.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares to buy with $5,000

Analysts think these shares could be top picks for income investors.

Read more »

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
Dividend Investing

Forget Westpac shares and buy these ASX dividend stocks

Analysts think these shares would be better buys for income investors.

Read more »

A smiling woman holds a Facebook like sign above her head.
Dividend Investing

Bell Potter names the best ASX dividend shares to buy in December

These are high conviction picks according to the broker.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

3 ASX dividend shares to buy for a passive income stream

Analysts are recommending these dividend payers.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

This ASX passive income share offers a 5.86% yield. Here's how!

It's not often you see this big of a yield these days...

Read more »

A businessman in a suit adds a coin to a pink piggy bank sitting on his desk next to a pile of coins and a clock, indicating the power of compound interest over time.
Dividend Investing

ASX dividend shares: How to snowball your passive income

Getting your snowball rolling can seem daunting, but the numbers are incredible.

Read more »