A number of ASX 200 shares are in the red on Tuesday because they are trading ex-dividend.

When a share trades ex-dividend, it means that the rights to an upcoming dividend are now settled.

In light of this, if you were to buy one of these ASX 200 shares today, the rights to the dividend would stay with the seller and not transfer to you.

As a result, a share price will tend to decline in line with the dividend payment to reflect this. After all, why should a buyer pay for something that they aren’t going to receive?

Which ASX 200 shares are going ex-dividend?

The following five ASX 200 shares have gone ex-dividend on Tuesday:

Lovisa Holdings Ltd (ASX: LOV)

This fast-fashion jewellery retailer’s shares have gone ex-dividend for its fully franked 38 cents per share interim dividend. This will be paid to eligible shareholders next month on 20 April.

Northern Star Resources Ltd (ASX: NST)

Last month, this gold mining giant released its half-year results and declared an 11 cents per share fully franked interim dividend. Eligible shareholders can now look forward to receiving this dividend in their bank accounts towards the end of the month on 29 March.

Qube Holdings Ltd (ASX: QUB)

This logistics solutions company will be paying its shareholders a fully franked interim 3.8 cents per share interim dividend next month on 13 April.

Sonic Healthcare Limited (ASX: SHL)

When this healthcare company released its half-year results last month, it declared a fully franked interim dividend of 42 cents per share. This will be paid to eligible shareholders in a couple of weeks on 22 March.

Viva Energy Group Ltd (ASX: VEA)

Finally, this fuel retailer’s shares have gone ex-dividend today for its 13.3 cents per share fully franked final dividend. This is scheduled to be paid to eligible shareholders later this month on 24 March.

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

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Motley Fool contributor James Mickleboro 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 Lovisa. The Motley Fool Australia has recommended Lovisa and Sonic Healthcare. 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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