When an ASX 200 share trades ex-dividend, it’s normally a pretty big deal. For one, new investors in said company will no longer be eligible for the upcoming dividend payment if they buy the shares after the company has traded ex-dividend.

But reflecting this loss of value for new investors, an ex-dividend date also tends to result in a company’s shares losing a fair chunk of value.

So in these ways, ex-dividend dates are fairly conspicuous events on the ASX 200.

Keeping that in mind, let’s discuss three ASX 200 shares that will be going ex-dividend tomorrow.

3 ASX 200 shares scheduled to trade ex-dividend tomorrow

First up is ASX 200 metallurgical coal mining company Coronado Global Resources Inc (ASX: CRN). Last month, Coronado announced a half-yearly dividend worth 0.5 US cents per share, fully franked. That’s a decent payout to be sure, not one that pales in comparison with some of the monstrous shareholder payouts Coronado sent investors’ way last year.

But new investors won’t be eligible to receive this upcoming dividend come tomorrow, with the payment date now set for 5 April next month. Right now, Coronado shares have a dividend yield of 6.57%.

Next up we have News Corporation (ASX: NWS). This ASX 200 media group, famously helmed by the Murdoch family, also reported its earnings last month. Investors weren’t too thrilled with the lower revenues and earnings News Corp reported. But shareholders will still be getting an increased dividend coming their way.

News Corp is scheduled to go ex-div for the unfranked 10 US cents per share payment on Tuesday, which will be a meaningful increase from the 9.4 cents per share payment that was issued last year.

After tomorrow’s session, News Corp shareholders can then expect to receive this latest dividend on 12 April. News Corp shares have a dividend yield of 1.2%.

What about an ASX travel share?

Finally, let’s talk about ASX 200 travel share Corporate Travel Management Ltd (ASX: CTD). Corporate Travel has been struggling in the dividend department for a couple of years now. After halting its dividends over half of 2020 and all of 2021, the company returned to paying dividends last year.

But the final dividend of  5 cents per share, unfranked, that was paid in September 2022 was a far cry from the fully-franked 22 cents per share investors enjoyed in 2019. Corporate Travel’s next dividend will come on 14 April next month after the company trades ex-dividend tomorrow.

It will be worth 6 cents per share and also be unfranked. Corporate Travel shares have a dividend yield of 0.62% as it currently stands.

The post 3 ASX 200 shares trading ex-dividend on Tuesday appeared first on The Motley Fool Australia.

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More reading

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• Here are the 3 most heavily traded ASX 200 shares on Monday
• Should I buy Woolworths shares at $37?
• 5 things to watch on the ASX 200 on Monday
• Guess which ASX 200 stock has landed 3 substantial shareholders in a week

Motley Fool contributor Sebastian Bowen 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 Corporate Travel Management. 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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If you are looking to bolster your portfolio with some ASX tech shares, you may want to look at the two listed below that have been tipped as buys by Goldman Sachs.

Here’s what the broker is saying about these ASX tech shares:

Readytech Holdings Ltd (ASX: RDY)

The first ASX tech share that Goldman Sachs rates as a buy is this leading provider of mission-critical software-as-a-service (SaaS) solutions for the education, employment services, workforce management, government and justice sectors.

As well as its positive long term growth outlook, the broker likes the company due to its defensive earnings. It explained:

RDY remains a tech value play within our coverage universe, trading at a >50% discount to peers when accounting for its robust growth outlook. Government software has been a pocket of strength and resilience within TMT (~3/4 of RDY’s earnings) and we are positive on RDY’s ability to deliver mid-teens organic growth at an expanding profit margin through the cycle.

Goldman has a buy rating and $4.45 price target on its shares.

Life360 Inc (ASX: 360)

Another ASX tech share that Goldman Sachs is a fan of is Life360.

It is a growing location technology company that has almost 50 million global active users of its eponymous Life360 mobile app.

Goldman has been impressed with Life360’s performance and believes the company is about to reach an inflection point. It commented:

In our view Life360 is approaching an inflection point as it proves the pricing power of its subscription business model and moves out of the non-profitable tech basket. The full-year impact of price increases drives the majority of CY23 subscription revenue growth, with possible upside to paying subscribers should Tile bundling materially lift payer conversion (expected launch late-1Q23).

Another positive is its huge growth runway. Goldman estimates that the company has a “US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

It is for this reason that the broker has a buy rating and $7.90 price target on Life360’s shares.

The post These ASX tech shares are buys: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• These ASX tech shares have exposure to the Silicon Valley Bank collapse
• Top ASX growth shares to buy in March 2023
• Why Block, BrainChip, Core Lithium, and Life360 shares are racing higher
• This ASX tech share is leaping 13% today as it readies for an entrance into the ASX 200
• These ASX shares are being dumped from the ASX 200 index this month

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and ReadyTech. The Motley Fool Australia has recommended ReadyTech. 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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The second-largest bank collapse in United States history has been making waves these past few days. As the situation develops, the attention of Australian investors could be turning to our own bank shares within the S&P/ASX 200 Index (ASX: XJO).

Suffering a ‘bank run’, Silicon Valley Bank — listed as SVB Financial Group (NASDAQ: SIVB) — found itself in the hands of regulators at the end of last week. Today, the Federal Reserve has provided reassurance that all depositors will be made whole through a measure to contain the fallout.

So, could a similar event unfold within our own major banks, or are Aussie banks in a better position?

Why liquidity matters

Firstly, the Silicon Valley Bank debacle, at its core, is a liquidity problem.

When depositors want their money back (e.g. withdraw it and move the money elsewhere), the bank needs to be able to fulfill that request.

Most of the time this isn’t an issue as few people are looking to withdraw their money at any given moment. This means the bank can lend your money out in the meantime — earning you and the bank a return in doing so.

However, when everyone wants their money at once, that is when issues can arise. The problem is compounded when that money is tied up in illiquid assets.

It is for this reason that regulation exists, requiring banks to have sufficient capital buffers, especially when under the most challenging plausible conditions. Hence, banks must conduct regular ‘stress tests’ to evaluate whether they can operate under these theoretical conditions.

The regulations are a little different in the US, but they also require all large ‘systemically important’ banks to abide by strict regulations including minimum liquidity coverage ratio (LCR), net stable funding ratio (NSFR), etc.

Based on the information available, it seems Silicon Valley Bank may have escaped some requirements due to an increase in the threshold of what is classed as systemically important during the Trump administration.

To gain a greater understanding of the Silicon Valley Bank collapse, you can read more here.

How are ASX 200 bank shares placed?

As we now know, banks need liquid funds at the ready if customers withdraw their money. For Silicon Valley Bank, US$26 billion in available-for-sale securities wasn’t enough to cover the outflows.

The continued withdrawals nudged the US bank to start selling its ‘held-to-maturity’ securities. Those securities were bonds that were estimated to be worth US$15 billion less than cost due to rising interest rates, as noted in the tweet below. As a result, the sale meant Silicon Valley Bank was now realising billions in previously unexpected losses.

So investors started to look at their HTM portfolio. 

It looked bad. pic.twitter.com/aIenrpTSoj

— Genevieve Roch-Decter, CFA (@GRDecter) March 11, 2023

https://platform.twitter.com/widgets.js

This may suggest the bank’s true LCR was below the traditionally expected 100% (at least in hindsight). In contrast, all major ASX 200 bank shares touted LCRs far above the required 100% level at the end of December 2022, as shown in the table below.

Bank	Liquidity Coverage Ratio (LCR)
Commonwealth Bank of Australia (ASX: CBA)	131%
National Australia Bank Ltd (ASX: NAB)	134%
Westpac Banking Corp (ASX: WBC)	139%
ANZ Group Holdings Ltd (ASX: ANZ)	126%
Bendigo and Adelaide Bank Ltd (ASX: BEN)	138%
Bank of Queensland Ltd (ASX: BOQ)	139%
Silicon Valley Bank	Unknown*

Furthermore, it is believed that Australian banks hold a far smaller portion of their high-quality liquid assets in tradeable securities than other countries. This might also mean a lower risk of accessing funds with unrealised gains.

Where Aussie major banks differ from Silicon Valley Bank

Another point of difference between Silicon Valley Bank and ASX 200 bank shares are their depositors.

The troubled US bank’s customers were predominantly tech companies, some of which were burning through cash to fund operations. A disproportional reliance on a single sector meant the bank’s deposits were crippled by the tech pain in 2022.

Major Australian banks are aware of this type of risk. Fortunately, ASX 200 bank shares hold deposits with a diversified base of customers. This should, in theory, drastically reduce the risk of a bank run getting underway in the first place.

The post ASX 200 bank shares: Are they better prepared than Silicon Valley Bank? appeared first on The Motley Fool Australia.

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More reading

• S&P 500 futures lift as regulators shore up SVB deposits
• 3 reasons the 8% NAB dividend yield looks safe to me
• Understanding the collapse of Silicon Valley Bank
• 5 things to watch on the ASX 200 on Monday
• Buy Westpac and this ASX dividend share next week: analysts

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SVB Financial. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended SVB Financial and Westpac Banking. 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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It’s been a fairly awful start to the week for ASX shares and the S&P/ASX 200 Index (ASX: XJO) so far today. This Monday has seen the ASX 200 take a significant hit, with investors shaken by what’s happening over on the US markets at the moment with the collapse of the tech-focused bank SVB Financial Group.

At the time of writing, the ASX 200 has lost 0.42% and is trading at around 7,114.9 points.

But one sector today is a rather conspicuous outlier in terms of the market’s falls. That would be ASX 200 gold stocks. Gold is one of the top-performing corners of the market right now, with the ten shares experiencing the highest gains on the ASX 200 right now all being gold stocks.

Take the largest ASX 200 gold miner on the market, Newcrest Mining Ltd (ASX: NCM). Right now, Newcrest shares are up a very healthy 3.23% at $24.10 each.

But those gains pale in comparison to some other ASX 200 gold stocks. Take the Northern Star Resources Ltd (ASX: NST) share price. Northern Star shares have rocketed by an impressive 5.4% so far today to $11.13 a share. That pulls Northern Star back to a year-to-date gain in 2023:

But that’s just the start of it.

Silver Lake Resources Ltd (ASX: SLR) shares have gained more than 8.3% today. Ramelius Resources Ltd (ASX: RMS) shares are up more than 9%. And Capricorn Metals Ltd (ASX: CMM) shares have surged more than 15%.

So what’s going on with ASX 200 gold stocks today?

Well, it seems to be a response to the price of gold itself. As we flagged this morning, the precious metal surged in value at the end of last week’s trading. It has climbed even higher today and is now sitting around US$1,882 per ounce. That’s significantly above the US$1,820 levels gold was asking around the middle of last week.

Gold is viewed as a ‘safe haven’ asset, and is often bought up when investors have concerns about the immediate future of share prices or the health of the financial system.

Considering the collapse of the SVB Financial Group (Silicon Valley Bank) that has rocked the US economy over the past few days, this probably explains why investors are turning to gold right now and away from most other shares on the market.

This benefits the price of gold itself, but also the ASX gold miners that sell it. Not to mention exchange-traded funds (ETFs) that allow investors to get price exposure to the precious metal. As we covered earlier today, this session has seen a few gold ETFs hit new record highs.

So it’s probably for this reason that gold, and ASX gold stocks and ETFs, are all shining so brightly this Monday.

The post Why are ASX 200 gold stocks like Northern Star having such a stellar run today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Neuren, Northern Star, Race Oncology, and Westgold shares are storming higher
• Should I buy Woolworths shares at $37?
• 5 things to watch on the ASX 200 on Monday
• Guess which ASX 200 stock has landed 3 substantial shareholders in a week

SVB Financial provides credit and banking services to The Motley Fool. Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SVB Financial. The Motley Fool Australia has recommended SVB Financial. 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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