3 ASX 200 shares trading ex-dividend on Tuesday

The S&P/ASX 200 Index (ASX: XJO) is a hunting ground for dividend investors right now as companies release results and hand back some of their profits to shareholders.

When a company declares a dividend, it must set a cut-off date to determine which shareholders are entitled to the payment.

This is also known as the ex-dividend date. Any shares you buy on or after this date won’t come with the latest dividend payment.

A company’s shares typically fall on the day they turn ex-dividend. This is because money is flowing out of the company to line the pockets of shareholders. As a result, it has less cash on its books, so theoretically it’s worth less.

What’s more, some investors will look to sell their shares once they’ve locked in the dividend payment.

With this in mind, there’ll be downwards pressure on these three ASX 200 shares tomorrow as they turn ex-dividend.

Evolution Mining Ltd (ASX: EVN)

Today is the last day Evolution Mining shares will be trading with a fully franked final dividend of 3 cents.

The ASX 200 gold miner recently unveiled its FY22 results, declaring its 19th consecutive dividend for shareholders since 2013.

The payment date for this final dividend has been locked in for 30 September.

Across the financial year, the company halved its total dividend payments to 6 cents per share.

At current levels, Evolution Mining shares come with a trailing dividend yield of 2.4%. Including franking credits, this yield dials up to 3.4%.

Beach Energy Ltd (ASX: BPT)

Beach Energy is another ASX 200 share turning ex-dividend tomorrow. 

The oil and gas company recently declared a fully franked final dividend of 1 cent. Beach has held its interim and final dividends steady at 1 cent since 2017.

Investors who own Beach shares by the time the market closes today should pencil in a payment date of 30 September.

Investors also have the option of participating in a dividend reinvestment plan (DRP) instead.

Beach’s total dividends for FY22 come to 2 cents, putting shares on a trailing dividend yield of 1.1%. This grosses up to 1.6% including franking credits.

Bapcor Ltd (ASX: BAP)

Rounding out this trio of ASX 200 dividend shares going ex-dividend on Tuesday is automotive aftermarket specialist Bapcor. 

The company recently announced a fully franked final dividend of 11.5 cents, which will be paid on 16 September.

Adding in the company’s 10-cent interim dividend declared earlier in the year brings total FY22 dividends to 21.5 cents.

This means Bapcor shares are currently flashing a trailing dividend yield of 3.1%, which grosses up to 4.5%.

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

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More reading

• Hoping to bag the next Beach Energy dividend? Here’s what you need to do
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• Dividend beasts: 3 ASX 200 shares that have delivered reliable payouts over the past 7 years
• Can the gold price outshine sticky inflation?

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 Bapcor. 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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