Deadline coming: 3 ASX 200 shares to buy now before dividend payouts

Reporting season is now getting into the full swing of things. We’ve already heard from some of the leading S&P/ASX 200 Index (ASX: XJO) dividend shares.

While share prices have already moved in response to the results reported by these companies, investors can still grab shares before it’s too late to be entitled to the dividend.

If investors are interested in the business and the dividend payment, they need to invest before the ex-dividend date. Investors who buy shares on or after that date will miss out on the dividend.

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi reported its result today, revealing that total sales grew by 8.6% to $5.3 billion and earnings per share (EPS) went up 20.4% to $3.018.

The company’s board decided to grow the dividend by 20.9% to $1.97 per share. The ex-dividend date is 23 February 2023, so that’s not far away.

With the incoming $1.97 dividend, that payment alone amounts to a fully franked dividend yield of 4.4%, with a grossed-up dividend yield of 6.3%.

However, there may not be much dividend growth in the second half of the year. For January 2023, the ASX 200 dividend share said that total sales growth for JB Hi-Fi Australia was 2.5%. JB Hi-Fi New Zealand’s total sales growth was 20%. The Good Guys’ total sales growth was 0%.

Pinnacle Investment Management Group Ltd (ASX: PNI)

Funds management business Pinnacle has seen its share price drop by around 50% since November 2021 as investors lost confidence in asset markets amid rising interest rates.

In its FY23 half-year result, the company reported a 24% fall in net profit after tax (NPAT) to $30.5 million.

However, the interim dividend was only decreased by 11% to 15.6 cents per share. That dividend from the business amounts to a fully franked dividend yield of 1.65%, or a grossed-up dividend yield of 2.4%.

Despite all of the market volatility hurting sentiment about the ASX 200 share, the funds under management (FUM) of the fifteen Pinnacle affiliates ended December 2022 at $83.2 billion, which was only a decrease of 1% during the first half.

The ex-dividend date for the Pinnacle payment is 2 March 2023.

Amcor PLC (ASX: AMC)

Amcor is one of the world’s largest plastic packaging companies. When walking around the supermarket, there are plenty of products that have been packaged by the business.

It recently announced its FY23 second quarter and first-half result.

The ASX 200 share announced that its net sales increased by 6% to $7.35 billion, while adjusted earnings before interest and tax (EBIT) and adjusted EPS grew by 8% on a comparable constant currency basis.

It announced a quarterly dividend of 12.25 US cents per share, up from 12 US cents per share. The 12.25 cents per share dividend equates to 17.3 cents per share in Australian dollar terms. This quarterly dividend amounts to 1.1%.

The ex-dividend for this upcoming quarterly dividend is 28 February 2023.

The post Deadline coming: 3 ASX 200 shares to buy now before dividend payouts appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• JB Hi-Fi share price slumps on half-year results
• This ASX 200 share is one of my top ideas to rake it in on a recovery
• Here’s why I’d buy this ASX 200 share with conviction if there’s a recession
• Down 30% since its peak, is this a great time to buy this ASX 200 share?
• Why this ASX 200 share smashed the market with a 5% rally today

Motley Fool contributor Tristan Harrison 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 Investment Management Group. The Motley Fool Australia has positions in and has recommended Amcor Plc and Pinnacle Investment Management Group. The Motley Fool Australia has recommended Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Osx7NpL