A number of popular ASX 200 shares are likely to fall tomorrow despite no news coming from the companies.
The conclusion of the February earnings season has led to a vast majority of ASX shares trading ex-dividend in March.
The ex-dividend date is when investors must have purchased a company’s shares beforehand to be eligible for the upcoming dividend. If an investor buys the shares on or after this date, the dividend will go to the seller.
Below, we take a look at the list of shares that are trading ex-dividend tomorrow.
Sandfire Resources Ltd (ASX: SFR) shares will trade ex-dividend for the mining company’s 3 cents per share fully franked dividend. This will be paid to eligible shareholders on 30 March. Sandfire shares are currently swapping hands for $5.55, up 0.91%.
TPG Telecom Ltd (ASX: TPG) shares will also trade ex-dividend on Tuesday for the telco giant’s fully franked 8.5 cents per share final dividend. Shareholders will have to wait until 13 April for their paycheck. TPG shares are fetching for $5.66 apiece, up 1.25%.
Yancoal Australia Ltd (ASX: YAL) shares are set to trade without the rights to the mining outfit’s unfranked 70.4 cents per share final dividend. Yancoal shareholders will then be paid this dividend on 29 April. At the time of writing, Yancoal shares are going for $5.18, up 0.78%.
Foolish Takeaway
To qualify for any of these dividends you need to make sure you are on the share registry at the close of trade today.
After that, you will still qualify for the dividend even if you sell the shares tomorrow or at a later date.
The post These ASX 200 shares trade ex-dividend tomorrow. Here’s what you need to know appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras 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 has recommended TPG Telecom 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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