3 ASX 200 shares trading ex-dividend on Monday

ASX reporting season is always a busy time of the year for dividend investors.

Not only are S&P/ASX 200 Index (ASX: XJO) shares lifting the lid on their financial results, but they’re also declaring lucrative dividends.

When it comes to dividends, there’s an important date to be aware of: the ex-dividend date.

This is the date that a company’s shares trade without an entitlement to the upcoming dividend payment.

In other words, if you buy shares on or after the ex-dividend date, you won’t be eligible to receive the latest dividend.

To compensate for this, a company’s shares usually drop on the day they turn ex-dividend.

This is because money is flowing out of the company’s cash reserves to pay the dividends, lowering the value of the business. 

What’s more, some shareholders will look to offload shares once they’ve locked in the dividend payment.

The following ASX 200 shares will be going ex-dividend on Monday. This means that today is the last day investors will be able to snap up these companies’ latest dividend payments.

Challenger Ltd (ASX: CGF)

On Monday, Challenger shares will be trading without a fully franked final dividend of 11.5 cents. 

The ASX 200 annuities provider recently released its FY22 results, boosting its final dividend by 10%.

Investors who own Challenger shares by the time the market closes today should see this payment come through on 21 September.

Alternatively, investors have the option of forgoing this cash payment to instead participate in the company’s dividend reinvestment plan (DRP).

Across the full year, Challenger declared total FY22 dividends of 23 cents, fully franked.

This means Challenger shares are currently parading a trailing dividend yield of 3.5%. With the benefit of franking credits, this grosses up to 5.0%.

Ansell Limited (ASX: ANN)

Ansell is another ASX 200 share turning ex-dividend on Monday.

So, today is the last trading day to lock in the company’s unfranked final dividend of 31.2 US cents. 

It will be paid on 15 September to shareholders who decide not to participate in the company’s DRP.

Earlier in the week, Ansell announced its FY22 results, lowering the final dividend payment by 28% as profit slumped.

Keep in mind that the company benefited from a COVID-related boost to demand, so it was cycling strong comparables from FY21.

The most recent financial year saw Ansell declare total dividends of 55.45 US cents. This puts Ansell shares on a trailing dividend yield of 2.9%.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Last but not least, Pinnacle shares will also be going ex-dividend on Monday.

The ASX 200 financial share recently announced a fully franked final dividend of 17.5 cents, marginally higher than that of the prior year.

Investors on the company’s share registry by the time the market closes today should expect to see this payment land on 16 September. A DRP is also available.

Across FY22, Pinnacle declared total dividends of 35 cents, fully franked. As a result, Pinnacle shares currently come with a 3.2% trailing dividend yield, which grosses up to 4.6%.

The post 3 ASX 200 shares trading ex-dividend on Monday 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 positions in and has recommended PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Ansell Ltd. and Challenger 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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