3 ASX 200 shares trading ex-dividend tomorrow

We saw numerous companies in the S&P/ASX 200 Index (ASX: XJO) declare lucrative dividends throughout ASX reporting season in August.

Now, these ASX 200 shares are finalising which investors are entitled to the payments.

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.

Tomorrow, there are three ASX 200 shares going ex-dividend. This means that today will be the last day to secure the latest dividends from these ASX 200 shares. Let’s check them out.

TPG Telecom Ltd (ASX: TPG)

TPG shares will be trading tomorrow without a fully franked interim dividend of 9 cents.

Investors who own TPG shares by the closing bell today can pencil in a payment date of 12 October.

The ASX 200 telco recently reported soft first-half results, impacted by restructuring and rising cost pressures.

TPG reported an adjusted net profit after tax (NPAT) of $331 million, up 4% from the prior year. According to a note from Goldman Sachs, TPG’s profits missed expectations by 15%.

Nonetheless, TPG lifted its interim dividend by 13% compared to the prior year.

TPG shares are currently printing a 12-month trailing dividend yield of 3.4%, which grosses up to 4.8% including franking credits.

News Corporation (ASX: NWS)

News Corp is another ASX 200 share going ex-dividend tomorrow.

The group recently declared an unfranked final dividend of 10 US cents. Like TPG, it will also be paid on 12 October.

The ASX 200 share delivered record results in FY22. Revenue climbed 11% to US$10.4 billion while net income nearly doubled to US$760 million.

This reflected improved performances across each of its segments, particularly news media and Dow Jones, along with the contributions from recent acquisitions. 

Despite the profit surge, News Corp left its dividend payments unchanged. The group has held its interim and final dividends steady at 10 US cents since FY16.

Based on current prices, this puts News Corp shares on a stable dividend yield of 1.2%.

Inghams Group Ltd (ASX: ING)

ASX 200 poultry business Ingham’s will also be going ex-dividend tomorrow, trading without a fully franked final dividend of 0.5 cents per share. Eligible shareholders will receive this payment on 5 October.

FY22 was littered with challenges for Ingham’s, including COVID disruptions, rising input costs, the war in Ukraine, and floods in parts of Australia.

Despite this, the company managed to grow its core poultry sales volume by 4% while revenue dropped just 2% to $2.7 billion.

However, the impact of the difficult trading environment was reflected below the revenue line, with rising costs of sales leading to a 44% fall in underlying NPAT.

Across the financial year, Ingham’s declared total dividends of 7 cents, down 58% from FY21. This equates to a dividend payout ratio of 62% of underlying NPAT, coming in at the lower end of the company’s target range of between 60% and 80%.

Whilst its dividend payments have fluctuated over the years, Ingham’s shares are currently dishing up a trailing dividend yield of 2.8%. With the benefit of franking credits, this yield grosses up to 4.0%.

The post 3 ASX 200 shares trading 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 TPG Telecom 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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