The market might still be sleepy after its four-day weekend over which many Australians enjoyed Christmas, but its back to business for investors wanting a piece of this S&P/ASX 200 Index (ASX: XJO) share’s upcoming dividend.
ASX 200 toll road operator Transurban Group (ASX: TCL) will trade ex-dividend tomorrow. That means anyone wanting to get their hands on its interim dividend better jump onboard its shares today.
Letâs take a closer look at the offering soon to be taken off the table.
Transurban will trade ex-dividend on Thursday
The market is only trading for three days this week, but theyâll likely be a big few days for the Transurban share price.
New investors will miss out on its interim dividend unless they buy the ASX 200 share today.
Thus, tomorrow will likely see the stock fall in line with the value of its dividend. That’s because the payout will no longer be able to be factored into its price.
Earlier this month, Transurban announced it would pay a 26.5 cent per share dividend for the six months ended 31 December 2022. The interim dividend will be paid out on 13 February.
Thatâs the biggest offering Transurban has declared since 2019 and represents 50% of the companyâs financial year 2023 distribution guidance â 53 cents per share.
The ASX 200 sharesâ upcoming offering will be entirely unfranked but will be eligible for the companyâs dividend reinvestment plan (DRP).
No discount will be considered when determining what price new stocks will be issued under the plan. Shareholders have until Monday to elect to compound their dividends via the DRP.
Transurban share price outperforms ASX 200 in 2022
The Transurban share price is on track to outperform the ASX 200 over the course of 2022.
The stock has fallen 2% year to date to trade at $13.66 at the close on Friday. That leaves it boasting a 3.8% dividend yield.
Meanwhile, the ASX 200 has dropped 6% since the start of 2022.
The post Guess which ASX 200 share is trading ex-dividend tomorrow appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Wednesday
- The ASX 200 share than turned a $5,000 investment into $2,400 of passive income in 2022
- Here are the top 10 ASX 200 shares today
- Here are the 3 most heavily traded ASX 200 shares on Friday
- Stock market correction: A once-in-a-decade chance to get rich?
Motley Fool contributor Brooke Cooper 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 no position in any of the stocks mentioned. 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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