5 ASX 200 shares turning ex-dividend tomorrow

With ASX reporting season now in the rearview mirror, a horde of companies in the S&P/ASX 200 Index (ASX: XJO) will soon be returning some of their profits to shareholders in the form of dividends.

But before these dividends are paid out, companies must first determine which investors are eligible for the payment.

To do so, they set a cut-off date, which is also known as the ex-dividend date. This is the date that a company’s shares no longer trade with the upcoming dividend payment attached to it.

In other words, any shares you buy on or after the ex-dividend date won’t come with the recently-announced dividend.

With that in mind, the dividends on offer from the following five ASX 200 shares won’t be around for much longer.

Today is the last day to lock in dividends from these ASX 200 shares before they turn ex-dividend tomorrow. 

CSL Limited (ASX: CSL)

CSL is the highest profile name turning ex-dividend on Tuesday. The ASX 200 biotech giant will be trading without a final dividend of US$1.18, which is 10% franked. 

Investors holding CSL shares by the time the market closes today can pencil in a payment date of 5 October. 

Across the financial year, CSL’s net profit after tax (NPAT) slipped 6% to $2.3 billion. However, the company still maintained full-year dividends of US$2.22 per share.

This puts CSL shares on a trailing dividend yield of 1.1%.

Looking ahead, broker Goldman Sachs is forecasting FY23 dividends of US$2.52. This represents a prospective forward dividend yield of 1.3%.

BlueScope Steel Limited (ASX: BSL)

BlueScope shares currently come with an unfranked final dividend of 25 cents per share, which will be off the table tomorrow. The payment date has been set for 12 October.

Despite more than doubling its NPAT in FY22, the ASX 200 steel producer kept full-year dividends steady at 50 cents. 

But the company has been delivering shareholder returns through other means, repurchasing $638 million of shares in FY22 via on-market share buybacks.

After exhausting Australian tax losses in FY22, BlueScope expects to be able to begin franking dividends in FY23. 

BlueScope shares are currently printing a trailing dividend yield of 3.1%.

Origin Energy Ltd (ASX: ORG)

Today will be the last day to lock in Origin Energy’s partially franked final dividend of 16.5 cents, which will be paid on 30 September.

The ASX 200 energy share delivered a 30% increase in underlying profit in FY22. But full-year dividends exceeded profit growth, jumping 45% to 29 cents as the company lifted its dividend payout ratio.

Origin shares are currently trading on a trailing dividend yield of 4.8%.

Sonic Healthcare Limited (ASX: SHL)

ASX 200 healthcare share Sonic will be trading tomorrow without a fully franked final dividend of 60 cents.

Investors who own Sonic shares by today’s closing bell should see this payment arrive on 21 September.

Across the financial year, Sonic raised its total dividends by 10%, largely mimicking profit growth.

Sonic shares are currently sitting on a trailing dividend yield of 3.0%. This yield cranks up to 4.3% with the benefit of franking credits.

Super Retail Group Ltd (ASX: SUL)

Last but not least, Super Retail’s fully franked final dividend of 43 cents won’t be up for grabs for much longer.

Super Retail shares will trade ex-dividend tomorrow, with the payment date for this dividend pencilled in for 17 October. Shareholders have the option to participate in the company’s dividend reinvestment plan (DRP).

Sales were relatively flat in FY22 but normalised profit fell by 20% on the back of supply chain challenges and increased investments in various strategic initiatives.

As a result, the ASX 200 retail share cut its total dividends by 20%. 

Even still, Super Retail shares are flashing a notable trailing dividend yield of 6.9%. Including franking credits boosts this yield to 9.8%.

The post 5 ASX 200 shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.

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More reading

• Why is the CSL share price outperforming the ASX 200 on Friday?
• ASX 200 shares declared $42b of dividends in August. Here’s how you can get a slice
• Analysts name 2 blue chip ASX 200 shares to buy now
• How do CSL shares stack up against Cochlear following earnings season?
• Top ASX shares to buy in September 2022

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 CSL Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Sonic Healthcare 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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