Put simply, if you own a company's shares before an ex-dividend date passes, you get paid. If you buy them after the ex-div date has passed, you miss out.

It so happens that the current trading week has three of these ex-dividend dates. So let's check out which shares are about to cut off investors from their latest dividend payments.

3 ASX shares going ex-dividend this week

CVC Limited (ASX: CVC)

Investment company CVC is first up today. This company is a provider of investment products, including managed funds ad property trusts. CVC is scheduled to pay out its next dividend on 20 February next month. This interim dividend will be worth 4 cents per share and will come fully franked.

This 4 cents per share dividend is steady from the same interim payment that investors enjoyed last year. But investors will need to be quick if they are desperate to receive this dividend. That's because CVC is scheduled to trade ex-dividend for this payment tomorrow, 31 January.

So today is effectively the last day investors can buy CVC shares and get the dividend thrown in. At current pricing, CVC shares have a trailing dividend yield of 4.5%.

Euroz Hartleys Group Ltd (ASX: EZL)

ASX financial services company Euroz Hartleys is next up today. Investors are no doubt looking forward to the company's next interim dividend, which is scheduled to hit bank accounts next month on 17 February.

Shareholders can look forward to receiving a payment worth 2.5 cents per share, fully franked, which again is flat on last year's interim dividend.

Investors have a little more time to get in before this dividend shuts off to new investors, but not by much. Euroz shares will go ex-div on 1 February, this Wednesday.

So if you want to nab this dividend, there's your cutoff date. Euroz Hartleys currently has a trailing dividend yield of 10.78%.

Australian Foundation Investment Co Ltd (ASX: AFI)

Listed investment company (LIC) AFIC is our last share worth a look at today. AFIC is an ASX veteran, having been around for close to 100 years.

This well-loved income share is also coming up to a new interim dividend payment. Investors will receive the company's fully franked interim dividend of 11 cents per share on 24 February next month.

This interim dividend is a pleasing 10% hike over last year's interim dividend of 10 cents per share.

But would-be shareholders have until 2 February, the ex-dividend date, to buy shares if they want to receive it. At the last AFIC share price, this LIC had a dividend yield of 3.26%.

The post 3 ASX All Ords shares trading ex-dividend this week appeared first on The Motley Fool Australia.

The company comes into focus after issuing a profit guidance and several business updates.

Let's take a closer look at today's announcement.

CVC share price edges lower

In a statement to the ASX, CVC Limited gave the following updates.

Profit guidance

CVC is forecasting a net profit after tax of $21–$23 million for the year ended 30 June 2021. In the prior corresponding period, the company made a $2.1 million loss. CVC stated that the forecasted profit includes a "significant proportion of unrealised gains, approximately 50%, arising from the revaluation of long-term investments held by CVC."

In its half-year report, the company posted a net profit after tax of $15.7 million. Today's announcement would mean profits for the second half of the financial year are down by approximately 50%.

Business updates

In today's statement, CVC also highlighted its portfolio investment "is now significantly more weighted to property focused investments."

It provided a number of property-related updates, including:

• A property in East Bentleigh, Victoria, which CVC has a 50% stake in, has been rezoned from industrial use to mixed residential, retail, and commercial use. The property has now been revalued upwards to $67.3 million – adding $13 million in pre-tax profit for FY21.
• A property in Donnybrook, Victoria, which CVC has a 49% interest in, is on the brink of being approved. Formal approval is now with the state minister for planning, and the area is expected to be rezoned.
• A property in Liverpool, NSW, which CVC owns a 66% stake in, has had planning approval from Liverpool City Council and is now in the hands of the NSW Department of Planning.
• A Bunnings Warehouse has been approved for development at a 60% owned property of CVCs in Caboolture, Queensland. Construction of shopping centre at the site should commence within FY22.

CVC share price snapshot

Over the past 12 months, the CVC share price has increased 39.3%. The company was hit hard by the COVID market sell-off of March 2020, losing 53.9% of its value in the space of two and a half months.

Its recovery since then has been steady but it has still not reached its pre-pandemic levels.

CVC has a market capitalisation of $228 million.

The post Why is the CVC Limited (ASX:CVC) share price sinking today? appeared first on The Motley Fool Australia.