The S&P/ASX 200 index (ASX: XJO) is charging higher in afternoon trade and has gained 1.6% at the time of writing.
At the same time, the S&P/ASX 200 Resources index (XJR) is beating most of the pack, gaining around 2% since the open today.
In light of this, these 3 ASX resources shares are all going ex-dividend today. This means shareholders have until the closing bell today to buy these shares to qualify for the payments.
Here are the details.
Ci Resources Ltd (ASX: CII)
Diversified industrial company Ci Resources is set to pay a 1 cent per share final dividend to its shareholders on 29 October after going ex-dividend from today.
Ci Resources is rewarding shareholders with a total of 3 cents in dividends per share for CY21, after growing its net profit after tax (NPAT) a phenomenal 21,137% year over year to $4,600 million as shown in its preliminary FY21 report.
The earnings’ strength has helped Ci reinstate its final dividend after temporarily suspending the full program in FY20.
Despite the dividend restart, its payment to shareholders has crept down from 11 cents per share in FY17.
At the current market price, Ci Resources has a trailing 12-month dividend yield of 1.67%, and will trade on a forward yield of 0.8%.
PTB Group Ltd (ASX: PTB)
PTB Group, which specialises in turboprop engines for the aviation industry, paid $1.55 million in dividends during the financial year.
It is set to pay a 2.5 cents per share final dividend to shareholders, bringing its total FY21 dividend to 5 cents per share.
The company targets a dividend payout ratio of 30% to 50% of NPAT and was able to do so on its FY21 earnings results.
PTB Group’s dividend decision comes as little surprise after it gained a record 182% year on year jump in profit before income tax (PBIT) to over $16.6 billion for the year.
PTB also saw a record result in earnings before interest, tax, depreciation and amortisation (EBITDA) of $22.7 million, up 100% on the year. The company ended the quarter with a record cash balance of around $20 million.
As such, PTB Group’s shareholders will enjoy the 2.5 cents per share dividend payment into their brokerage accounts on 29 October as well.
Westgold Resources Ltd (ASX: WGX)
One other ASX resources share that is going ex-dividend today is West Australian gold mining company Westgold Resources.
The gold specialist, with a current market capitalisation of more than $708 million, marks its maiden dividend payment of 2 cents per share after going ex-dividend today.
Westgold is awarding shareholders the payout after gaining an FY21 revenue result of $517 million, which helped NPAT grow 122% year over year to around $77 million.
As this is Westgold’s first dividend ever, the board took a “pragmatic view” in assigning the payment, after the company’s impressive earnings figures.
Importantly, Westgold’s dividend is unfranked, meaning there may be tax implications that investors should familiarise themselves with.
Shareholders will realise Westgold’s inaugural dividend into their accounts in around 2 weeks time, on 15 October.
These 3 ASX resources shares are all set to pay scheduled dividends into the coming weeks.
The post These 3 ASX resources shares are going ex-dividend today appeared first on The Motley Fool Australia.
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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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