Here are 3 ASX 200 shares going ex-dividend on Monday

We’ve seen a number of companies in the S&P/ASX 200 Index (ASX: XJO) turn ex-dividend this week.

And this streak is only set to continue as more ASX 200 shares take away entitlements to their upcoming dividend payments.

On Monday, three ASX 200 shares are set to turn ex-dividend. This means that today will be the final day to lock in recently-declared dividends from these ASX 200 shares. Let’s check them out.

Chorus Ltd (ASX: CNU)

To kick things off, Chorus shares will be trading on Monday without an unfranked final dividend of 21 NZ cents.

Shareholders electing not to participate in the company’s dividend reinvestment plan (DRP) should see this payment come through on 11 October.

The ASX 200 telco share saw continued growth in demand for fibre broadband in FY22. This helped underlying revenue climb by NZ$4 million to NZ$959 million.

Meanwhile, the company’s cost management initiatives partly mitigated inflationary and COVID pressures. Underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by NZ$3 million to NZ$660 million.

As a result, the company noted it returned to earning more than it was investing in the network for the first time in a decade.

This helped Chorus declare total dividends of 35 NZ cents, up 40% from the prior year. 

What’s more, the company has increased its FY23 dividend guidance to 42.5 NZ cents per share. It’s also guiding for minimum total dividends of 47.5 NZ cents per share in FY24.

Based on the company’s FY23 dividend guidance, Chorus shares are currently trading on a forward dividend yield of 5.4%.

HUB24 Ltd (ASX: HUB)

ASX 200 financials share HUB24 will also be going ex-dividend on Monday, trading without a fully franked final dividend of 12.5 cents.

Investors who own HUB24 shares by the time the market closes today can pencil in a payment date of 14 October. 

The independent specialist platform provider noted it achieved record levels of organic growth in FY22. 

Combined with acquisitive growth from the addition of formerly ASX-listed Class, HUB24 grew revenue by 76% to $190 million.

On the bottom line, underlying net profit after tax (NPAT) surged by 133% to $36 million.

Importantly, the company continued to carve out more market share across the year, increasing its share from 3.9% to 5.1%.

This record performance saw HUB24 double its total dividends in FY22 to 20 cents per share, fully franked.

As a result, HUB24 shares are currently printing a trailing dividend yield of 0.9%, which grosses up to 1.2%.

Perseus Mining Limited (ASX: PRU)

Rounding out this trio of ASX 200 shares going ex-dividend on Monday is gold miner Perseus.

Today will be the last day to lock in Perseus’ unfranked final dividend of 1.64 cents, which will be paid on 12 October.

The ASX 200 gold miner delivered a record performance in FY22. Revenue surged by 66% to $1.1 billion while NPAT doubled to $280 million.

This result was underpinned by a 50% increase in gold production to 494,014 ounces (oz), a 6% reduction in all-in sustaining costs which came in at US$952/oz, and a stable average gold sales price of US$1,683/oz.

On the back of this record performance, Perseus declared a bonus dividend of 0.79 cents, which is included in the final dividend. Total dividends in FY22 arrived at 2.45 cents.

This put Perseus shares on a trailing dividend yield of 1.5% at the end of the financial year, ahead of the company’s target annual yield of at least 1%.

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

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More reading

• Do ASX 200 gold shares pay regular dividends?
• ‘Incredibly cheap’: Fundie reveals 3 ASX shares he’d buy right now
• Why is the ASX 200 diving 2% on Tuesday?
• Perseus share price falls despite delivering a record year and dividend boost
• Hub24 share price slumps despite dividend doubling on record growth

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 Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. 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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