ASX shares going ex-dividend next week

Earnings season officially started this week.

| More on:
A man points at a paper as he holds an alarm clock, indicating the ex-dividend date is approaching.

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

S&P/ASX All Ordinaries Index (ASX: XAO) shares are 1.9% lower at 8,977 points at the time of writing on Friday.

The market is limping towards the finish line after an interest rate rise seriously dampened the 'vibe' this week.

ASX All Ords shares are down 2.1% since Monday.

Earnings season officially began this week, and as the half-year (and some full-year) reports come in, dividends are being announced.

Next week, a small group of ASX shares will go ex-dividend.

That means they will start trading without the latest dividend attached.

On the ex-dividend date, it is very common for share prices to fall.

This happens because stocks are simply less valuable without their next dividends attached.

So, keep an eye out for sudden dips in some of your portfolio stocks over the next month or so.

Going ex-dividend will likely be the reason.

Why watch the ex-dividend date?

If you've researched an ASX share and are ready to buy, you might want to do so before the ex-dividend date to pick up some income.

Alternatively, you might prefer to wait until the ex-dividend date, when the stock price is likely to fall.

Either option presents an opportunity.

Here are several ASX shares going ex-dividend next week.

The biggest name is ASX All Ords heavyweight ResMed Inc (ASX: RMD), which makes sleep apnoea devices.

We also recap how much these companies will pay investors and when they will deposit the money into their accounts.

5 ASX shares about to go ex-dividend

ASX shareEx-dividend dateDividend amountPayment date
BKI Investment Company Ltd (ASX: BKI)9 February4 cents27 February
Sandon Capital Investments Ltd (ASX: SNC)10 February0.005 cents27 February
ResMed CDI (ASX: RMD)11 February5.9 cents19 March
Korvest Ltd (ASX: KOV)12 February25 cents6 March
Plato Income Maximiser Ltd (ASX: PL8)13 February0.006 cents27 February

Which companies are reporting next week?

The calendar is pretty busy next week.

On Monday, we'll hear from Argo Investments Ltd (ASX: ARG) and CAR Group Ltd (ASX: CAR).

Then on Tuesday, Amotiv Ltd (ASX: AOV), Arena REIT (ASX: ARF), and Region Group (ASX: RGN) will be up.

On Wednesday, investors will hear from Commonwealth Bank of Australia (ASX: CBA) and CSL Ltd (ASX: CSL).

There will be strong interest in these earnings reports, given that both stocks have endured significant sell-offs over the past year.

We'll also hear from ASX gold miner, Evolution Mining Ltd (ASX: EVN).

Investors will be curious to see how one of the market's largest miners has leveraged the soaring gold price to maximise profits.

We'll also hear from AGL Energy Ltd (ASX: AGL), James Hardie Industries Plc (ASX: JHX), and investment house SGH Ltd (ASX: SGH).

On Thursday, 3 ASX financial shares will be in the spotlight.

AMP Ltd (ASX: AMP), ASX Ltd (ASX: ASX), and Insurance Australia Group Ltd (ASX: IAG) will release their earnings.

We'll also hear from Origin Energy Ltd (ASX: ORG), Pro Medicus Ltd (ASX: PME), and Temple & Webster Group Ltd (ASX: TPW).

On Friday, Cochlear Ltd (ASX: COH) and Nick Scali Ltd (ASX: NCK) will be in the spotlight.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Cochlear, ResMed, and Temple & Webster 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 Region Group and ResMed. The Motley Fool Australia has recommended CAR Group Ltd, CSL, Cochlear, Korvest, Nick Scali, Pro Medicus, and Temple & Webster Group. 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

Two people lazing in deck chairs on a beautiful sandy beach throw their hands up in the air.
Travel Shares

Is the Qantas share price a buy for its 5% dividend yield?

Is Qantas’ dividend about to fly higher?

Read more »

Animation of a man measuring a percentage sign, symbolising rising interest rates.
Dividend Investing

Forget term deposits and buy these ASX dividend shares

Analysts expect great dividend yields from these shares.

Read more »

Worker working on a gas pipeline.
Dividend Investing

Are Beach Energy shares a good buy for passive income today?

Beach Energy reported its half-year results today and declared its interim dividend payout.

Read more »

A young man wearing an open necked shirt and a stylish coat raises a glass of champagne as he smiles.
Dividend Investing

1 ideal ASX dividend stock, down 50%, to buy and hold for a lifetime

After a sharp sell-off, I think the long-term income case is starting to look more compelling.

Read more »

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

Why these ASX dividend shares could be top picks for income investors in February

Here are four dividend shares for income investors to consider.

Read more »

Flying Australian dollars, symbolising dividends.
Dividend Investing

Here's 3 ASX dividend stars yielding over 5%

Looking for income? These 3 ASX dividend stocks are yielding more than 5%.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Passive income: How much do you need to invest to make $500 per month?

This is how much you’d need to unlock significant passive income.

Read more »

a woman holds her hands up in delight as she sits in front of her lap
Dividend Investing

The best Australian dividend stocks to buy and hold forever

I’m not chasing yield. I’m looking for businesses that can deliver reliable income for decades.

Read more »