3 ASX All Ords shares turning ex-dividend tomorrow

This week, we’ve seen a number of companies in the S&P/ASX All Ordinaries Index (ASX: XAO) take away entitlements to their upcoming dividend payments.

Tomorrow, three more ASX All Ords shares will be going ex-dividend.

In other words, in order to be eligible to receive these dividends, investors will need to hold shares by the time the market closes today. Let’s take a closer look.

Carsales.com Ltd (ASX: CAR)

ASX All Ords share Carsales is the highest-profile name going ex-dividend on Friday.

Today will be the last day to snare Carsales’ fully franked final dividend of 24.5 cents per share, which will be paid on 17 October.

Alternatively, investors will have until 20 September to opt-in to the company’s dividend reinvestment plan (DRP).

Carsales recently handed in its FY22 report, delivering adjusted revenue of $510 million, up 16% from the prior year, and adjusted EBITDA of $272 million, up 7%.

This performance was driven by strong domestic results in Carsales’ private and media segments, along with contributions from recent acquisitions. 

Across the financial year, Carsales declared total dividends of 50 cents, up 5% compared to FY21. 

Carsales shares are currently flashing a trailing dividend yield of 2.3%. With the benefit of franking credits, this yield drives up to 3.3%.

Peet Limited (ASX: PPC)

Property developer Peet is another ASX All Ords share turning ex-dividend tomorrow.

As of tomorrow, Peet shares will be trading without a fully franked final dividend of 4 cents per share.

Despite Peet settling 16% fewer lots in FY22, revenue came in relatively flat at $3.2 billion.

But below the revenue line is where the company shined, delivering record earnings as net profit after tax (NPAT) surged 84% to $52 million.

Peet attributed this to price growth across its developing and selling projects, combined with its ongoing focus on cost management and the changing product mix.

On the back of this performance, Peet hiked its total FY22 dividends by 79% to 6.25 cents, fully franked. This puts Peet shares on a trailing dividend yield of 5.2%, which grosses up to 7.5%.

Supply Network Limited (ASX: SNL)

Last but not least, Supply Network will be trading tomorrow without a fully franked final dividend of 20 cents per share. The company has locked in a payment date of 3 October.

Shareholders will also have until 22 September to decide to participate in the company’s DRP. Those who opt-in will receive a 2.5% discount for their troubles.

The commercial aftermarket parts business punched in 22% top-line growth in FY22 as revenue came in at $199 million. The company said this result was underpinned by strong economic growth, positive industry trends, and solid business performance.

NPAT jumped by 45% to $20 million, outstripping revenue growth, helped by steady gross margins and further gains in operating efficiency.

Across the financial year, Supply Network declared total dividends of 32 cents, up 60% from the annual dividends of 20 cents in FY21.

As a result, Supply Network shares are currently sporting a trailing dividend yield of 3%, which grosses up to 4.3%.

The post 3 ASX All Ords shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.

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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 positions in and has recommended Supply Network Limited. The Motley Fool Australia has positions in and has recommended Supply Network Limited. The Motley Fool Australia has recommended carsales.com Limited. 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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