Normally, we investors can’t say with much certainty whether an ASX share will rise or fall in value at any point in the future. If an investor could, they’d probably be at the top of the Rich List, and we’d know all about it. But there is one particular circumstance we can point to in which it is fairly easy to predict a share price fall. That would be the ex-dividend date.
When an ASX income-producing share pays a dividend, it needs to inform the market of the date on which any new shareholders will be cut off from receiving the said dividend. This is known as the ex-dividend date. And because new shareholders can’t receive this dividend, its value leaves the company’s share price. This usually results in a commensurate share price drop.
So here are 5 ASX dividend shares that will experience this in the coming week. So keep your eyes out for that ex-dividend slump.
5 ASX shares going ex-dividend this week
Elders Ltd (ASX: ELD)
Our first dividend share trading ex-dividend this week is agri-business Elders. Elders is scheduled to trade ex-dividend today, meaning that you had to have owned shares on Friday at the latest if you are to receive this company’s final dividend of 22 cents per share, 20% partially franked, that will be paid out on 17 December. At Friday’s closing share price of $11.79, Elders shares have a dividend yield of 3.56%.
Amcor CDI (ASX: AMC)
Packaging giant Amcor is another share that is scheduled to trade ex-dividend this week, on Tuesday to be precise. Shareholders can look forward to receiving Amcor’s unfranked quarterly dividend of 16 cents per share on 14 December. At Amcor’s last share price of $16.60, this company has a dividend yield of 3.78%.
Whitefield Limited (ASX: WHF)
One of the ASX’s ‘old-school’ listed investment companies (LICs), Whitefield is another ASX share trading ex-dividend this week. Whitefield’s fully-franked interim dividend of 10.25 cents per share will hit investors’ bank accounts on 10 December after the company trades ex-div on Wednesday. At Whitefield’s last share price of $5.83, this LIC has a dividend yield of 3.52%.
GrainCorp Ltd (ASX: GNC)
Another agri-business going ex-dividend on Wednesday is GrainCorp. Investors can look forward to receiving GrainCorp’s final dividend of 10 cents per share, fully franked, on 9 December. At Friday’s last share price of $7.20, GranCorp shares offer a yield of 2.5%.
Nufarm Ltd (ASX: NUF)
Our last ASX dividend share for today is another agricultural company in Nufarm. This chemicals manufacturer will be sending its final and unfranked dividend of 4 cents per share out the door on 17 December after it trades ex-dividend on Thursday this week. At the last share price of $4.81, Nufarm had a dividend yield of 0.58%. Nuf said.
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Motley Fool contributor Sebastian Bowen has no position 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 owns shares of and has recommended Amcor Limited. The Motley Fool Australia has recommended Elders Limited. 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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