14 ASX shares about to go ex-dividend

Stocks going ex-dividend include Flight Centre, Perenti, NRW Holdings, and Service Stream.

Bronwyn Allen

Author bio Bronwyn has 28 years of experience in journalism, copywriting, and media relations. She began her career as a reporter with News Corporation in Sydney in 1997. She later worked for two real estate corporations in communications and PR roles, then started her own freelance copywriting and publicity business. A keen shares investor, Bronwyn joined the Motley Fool Australia team as a copy editor and writer in June 2021. Areas of expertise ASX shares and ETFs News writing Macroeconomic trends Real estate Education Diploma in Journalism, Macleay College Social media LinkedIn Favorite investment quote "Don't look for the needle in the haystack. Just buy the haystack." — John C. Bogle, Vanguard founder and pioneer of index investing for ordinary investors

Published March 20, 6:30 am AEDT

Fourteen S&P/ASX All Ords Index (ASX: XAO) shares are set to go ex-dividend next week, providing two opportunities.

In order to receive a dividend, you must own the ASX share before its ex-dividend date.

If you've had your eye on an ASX share for a while, and you're ready to buy, the ex-dividend date can provide a deadline to act.

Might as well buy and pick up the next dividend payment if the stock is trading at an acceptable price, right?

Alternatively, you could play a longer game, and wait for the ex-dividend date to arrive before buying the stock.

This can be a good strategy because share prices tend to fall on the ex-dividend date.

This happens because the stock is fundamentally worth less without the next dividend payment attached.

Many companies offer dividend reinvestment plans (DRPs).

DRPs allow investors to instruct the company to use their dividends to buy more shares on their behalf, instead of paying cash.

After lodging your DRP form, this process becomes automatic.

It's an easy, passive way for investors increase their shareholdings in a company over time.

And every now and then, a company will offer a discount to shareholders participating in the DRP.

Bonus!

Woman in bed rolls over to hit clock — Image source: Getty Images

ASX shares with ex-dividend dates next week

ASX share	Ex-dividend date	Dividend amount	Pay day
Lycopodium Ltd (ASX: LYL)	23 March	22 cents per share	2 April
NRW Holdings Ltd (ASX: NWH)	23 March	8.5 cents per share	9 April
Cash Converters International Ltd (ASX: CCV)	23 March	1 cent per share	15 April
Cedar Woods Properties Ltd (ASX: CWP)	23 March	14 cents per share	24 April
Civmec Ltd (ASX: CVL)	24 March	2.5 cents per share	10 April
Naos Emerging Opportunities Company Ltd (ASX: NCC)	25 March	2.1 cents per share	24 April
Perenti Ltd (ASX: PRN)	25 March	3.3 cents per share	9 April
Service Stream Ltd (ASX: SSM)	25 March	3 cents per share	10 April
Flight Centre Travel Group Ltd (ASX: FLT)	25 March	12 cents per share	16 April
WCM Global Growth Ltd (ASX: WQG)	26 March	2.2 cents per share	15 April
Tourism Holdings Ltd (ASX: THL)	26 March	2.5 cents per share	10 April
IPD Group Ltd (ASX: IPG)	26 March	6.8 cents per share	10 April
Salter Brothers Emerging Companies Ltd (ASX: SB2)	26 March	2 cents per share	23 April
Vita Life Sciences Ltd (ASX: VLS)	27 March	9.5 cents per share	10 April

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