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Investing in ASX 200 shares is a popular choice for many investors, and when these shares go ex-dividend, it's a significant event. Not only does it mean that investors will soon receive a dividend, but it's also associated with a typical share price drop.
So, what exactly happens when an ASX 200 share trades ex-dividend? Let's break it down. An ex-dividend date is the day when new investors are essentially excluded from receiving the upcoming dividend. In simpler terms, if you own the shares before the ex-dividend date, you'll be in line for the dividend payment. However, if you acquire them on or after the ex-dividend date, you'll miss out on the dividend.
The consequence of this is a noticeable decrease in the company's share price. This decline reflects the perceived loss of value for investors who won't receive the dividend. In this article, we'll discuss three ASX 200 shares set to go ex-dividend next week.\
Champion Iron Ltd (ASX: CIA)
Champion Iron, an ASX 200 mining share, recently released its results for the six months ending on September 30, 2023. They announced an upcoming interim dividend of 10 Canadian cents per share. While the final Australian dollar amount is pending, this is approximately 11 Australian cents per share at current exchange rates.
Champion Iron shares are scheduled to go ex-dividend on Monday, November 6. This means today is the last opportunity to purchase shares and be eligible for this dividend. Shareholders can expect to receive the dividend on November 28. Currently, Champion Iron shares offer a dividend yield of 2.08%.
Next up is ResMed, an ASX 200 healthcare share that pays out quarterly dividends. This is due to its primary listing in the United States, where quarterly dividends are customary. The next dividend from ResMed is scheduled for December 14. However, the ex-dividend date is set for November 8.
The forthcoming dividend will be 4.8 US cents per share, the same as the previous quarter. While the final Australian dollar equivalent is not yet confirmed, it is expected to be approximately 7.5 Australian cents per share at current exchange rates. ResMed shares currently have a dividend yield of 1.19%.
CSR, an ASX 200 building products share, recently reported its latest half-year earnings. Although revenues increased by 5%, net profits after tax (NPAT) saw an 11.5% decline. As a result, an interim dividend of 15 cents per share, fully franked, was declared. This is a decrease from the 16.5 cents per share that investors received for the same period last year.
CSR shares are set to go ex-dividend for this upcoming payment on November 7. The payment date is scheduled for December 7. Currently, CSR shares offer a dividend yield of 6.17%.
In conclusion, when ASX 200 shares trade ex-dividend, it's a moment of anticipation for investors. While the share price typically drops, the promise of receiving a dividend is a reason to celebrate for those who have invested wisely.
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