3 ASX 200 shares going ex-dividend tomorrow

With ASX reporting season in full swing, S&P/ASX 200 Index (ASX: XJO) shares are declaring dividends left, right, and centre.

Once dividends are declared, there’s a cut-off date to determine which shareholders are entitled to the upcoming payment. This is known as the ex-dividend date.

As I covered yesterday, three S&P/ASX All Ordinaries Index (ASX: XAO) shares went ex-dividend on Tuesday, putting downwards pressure on their companies’ respective share prices.

Notably, the Australian Clinical Labs Ltd (ASX: ACL) share price suffered a steep 11% fall as the company’s shares no longer traded with a handsome final dividend.

When a company’s shares go ex-dividend, the share price typically falls. The extent of this drop is linked to the size of the dividend. But it varies based on sentiment and how the broader market is faring that day.

With this in mind, here are three ASX 200 shares going ex-dividend tomorrow. 

REA Group Limited (ASX: REA)

Shares in ASX 200 market darling REA are set to trade without the company’s final dividend on Thursday.

The online property business recently released its FY22 results, declaring a fully franked final dividend of 89 cents per share. This was a 24% increase on the final dividend declared in FY21.

Investors who own REA shares before the market closes tomorrow should see this final dividend land in their accounts in mid-September.

Adding in the company’s interim dividend earlier in the year, REA shares currently trade on a dividend yield of 1.3%. With the benefit of franking credits, this bumps up to 1.8%.

JB Hi-Fi Limited (ASX: JBH)

ASX retailer JB Hi-Fi is another ASX 200 share going ex-dividend tomorrow.

The company recently declared a final fully franked dividend of $1.53, up 43% on the prior corresponding period.

If you own JB Hi-Fi shares before the closing bell tomorrow, you should see this dividend payment land in your account on 9 September.

This final dividend alone spins up a dividend yield of 3.5%. But throwing the company’s interim dividend into the mix puts JB Hi-Fi shares on a sizeable trailing dividend yield of 7.3%. This grosses up to 10.4% including franking credits.

Deterra Royalties Ltd (ASX: DRR)

Last but not least, shares in mining royalties business Deterra will also be going ex-dividend on Thursday.

The ASX 200 share recently announced a final fully franked dividend of 22.08 cents per share, almost double the final dividend declared in FY21.

Shareholders on the company’s registry by the time the market closes tomorrow will see this dividend payment come through on 21 September. 

Combined with its interim dividend, Deterra’s total FY22 dividend payments add up to 33.76 cents per share, fully franked.

This puts Deterra shares on a trailing dividend yield of 7.5%, or 10.7% grossed up.

The post 3 ASX 200 shares going ex-dividend tomorrow appeared first on The Motley Fool Australia.

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Motley Fool contributor Cathryn Goh 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 REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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