The BrainChip Holdings Ltd (ASX: BRN) share price closed lower on Tuesday despite no company announcements.

The artificial intelligence (AI) technology company’s shares finished the day down 4.48% to 96 cents each.

In comparison, the S&P/ASX 200 Index (ASX: XJO) also closed lower by 1.21% to 6,961.8 points.

Let’s take a look at what may have been weighing on BrainChip shares today.

What’s happening to BrainChip shares on Tuesday?

Investors were offloading the BrainChip share price following a fall across the S&P/ASX All Technology Index (ASX: XTX).

After the US-based tech-heavy Nasdaq shed 2.66 % overnight, the Aussie tech sector closed 0.87% lower today.

It appears that Wall Street’s summer rally is becoming a distant memory. It seems investor fears are re-surfacing about an aggressive rate hike by the US Federal Reserve.

All ears will be tuned in this Friday when Fed chair Jerome Powell speaks at the central bank’s annual Jackson Hole economic symposium.

While the Fed Reserve will look at keeping inflation under control, the pace of its monetary tightening policy will be the key question.

Ultimately, what happens at the two-day event will affect global markets.

On a different note, political tensions between the US and China over the Taiwan issue don’t seem to be cooling down just yet.

Earlier today, Taiwan said it would defend itself if attacked. This could draw in the US as both nations have a security partnership in place.

If conflict did break out, this would have massive ramifications for the Taiwan Semiconductor Manufacturing Co. (TSM). The company is the world’s most important chip developer and produces more than 90% of advanced chips globally.

This is no doubt a factor in why the US is hoping to maintain Taiwan’s status quo.

BrainChip share price snapshot

Despite falling 13% this week, the BrainChip share price has doubled in value over the last 12 months.

Year-to-date, the share is up 42%.

Based on today’s price, BrainChip commands a market capitalisation of around $1.66 billion.

The post Why did the BrainChip share price slump today? appeared first on The Motley Fool Australia.

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More reading

• When is ASX tech share BrainChip expected to become profitable?
• Why is the BrainChip share price sinking today?
• Here are the top 10 ASX 200 shares today
• Brainchip share price powers up another 5% on Thursday
• Why is the BrainChip share price bouncing 6% higher today?

Motley Fool contributor Aaron Teboneras 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 no position in any of the stocks mentioned. 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 Perenti Global Ltd (ASX: PRN) share price has closed higher on Tuesday after the company released its full-year FY22 results.

The Perenti share price opened slightly lower at 69.5 cents and finished the day at 71.5 cents, up 2.14%.

Perenti is a diversified global miner and mining services group headquartered in Perth, Western Australia.

Investors bidding up Perenti share price on ‘strong results’

The key metrics in the FY22 report are as follows:

• Underlying EBIT(A) exceeded the top end of the revised FY22 guidance range at $176.3 million, with 2H FY22 EBIT(A) 18% above 1H FY22
• Record underlying revenue in line with expectations at $2,438 million, up 21% on the prior corresponding period (pcp)
• Underlying EBITDA of $426.4 million, up 12% pcp
• Underlying NPAT(A) of $81.7 million, up 6% pcp
• Leverage of 1.3 times, outperforming expectations of an increase to approximately 1.5 times from 1.3 times pcp.

What else happened in FY22?

Perenti said it had “delivered strong FY22 financial and operational results, headlined by a significant step-up in 2H22 earnings, and continued improvement in leverage”.

Highlights in FY22 included divesting several non-core assets to free up $134.7 million of cash.

The miner also commenced an on-market share buyback program on 23 June. It intends to buy back up to 10% of the shares on issue.

It refinanced an existing $400 million revolving credit facility (RCF) to a $420 million syndicated debt facility. This was supported by an improved credit rating in FY22 from BB to BB+.

What did management say?

Managing director and CEO of Perenti Mark Norwell said:

Our strategic focus on maximising cashflow generation from our activities, effectively managing capital and driving operational performance, combined with the professionalism, dedication and resilience of our people, has enabled Perenti to deliver solid financial results for FY22, with a strong second half.

We have continued to re-shape our business and are positioned to create a blended portfolio of complementary services through three operating divisions.

This portfolio will be underpinned by our Contract Mining division, which remains our core business and is the source of our major growth projects with globally recognised and respected brands.

Combined with a streamlined corporate centre, Perenti is positioned to deliver a step-up in cash backed profits in FY23, with further improvements expected to drive earnings growth through to FY25 and beyond.

What’s next?

Perenti recently announced a 2025 strategy update. This included “a greater focus on total shareholder returns through improved project performance, disciplined capital management and a refined business and operating model”.

In FY23, Perenti said it “expects to generate meaningful returns on the capital invested within the latter stages of FY21 and throughout FY22”.

The company issued FY23 guidance of $2.4 billion to $2.5 billion in revenue. It also expects a 5% to 16% year-over-year increase in EBIT(A) to between $185 million and $205 million.

It also projects net capital expenditure of approximately $330 million in FY23, and leverage of approximately 1.2 times.

Perenti share price snapshot

The miner’s shares are down 22% year to date and 16% lower over the past 12 months.

The post Perenti share price jumps following ‘strong finish to FY22’ and guidance for FY23 appeared first on The Motley Fool Australia.

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More reading

• Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why did the Medibank share price just crack a new all-time high?
• The Bitcoin price is down today but these 2 cryptos just rocketed 17%
• Why has the Chalice Mining share price dived 13% in the past week?

Motley Fool contributor Bronwyn Allen 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 no position in any of the stocks mentioned. 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 Woolworths Group Ltd (ASX: WOW) share price will be under the microscope this week as the supermarket business releases its FY22 report on Thursday.

Plenty of S&P/ASX 200 Index (ASX: XJO) shares have already reported their results for the six or 12 months to 30 June 2022.

As one of Australia’s biggest companies, with a market capitalisation of $47 billion according to the ASX, Woolworths is an interesting business to consider.

What should investors pay attention to with Woolworths’ result?

Obviously, there will be a heavy focus on how much profit Woolworths makes.

Net profit: Every analyst will have different estimates on how much profit Woolworths is going to report for the 2022 financial year. On CMC Markets, Woolworths is predicted to generate earnings per share (EPS) of $1.20. That would put the current Woolworths share price at more than 31x FY22’s projected profit.

But, I think there are a number of other areas that investors should look at with Woolworths.

Inflation passed through to customers: How much inflation Woolworths saw in the fourth quarter and how much of a boost to sales this caused will be interesting to see. Woolworths’ comments about inflation expectations in FY23 could be particularly interesting and influential on investors’ thoughts.

Cost inflation: However, Woolworths also has one of the biggest workforces in Australia. So, it will be interesting to see how much the company’s wage bill has increased and if management makes any comments about that. Inflation won’t be a positive for Woolworths shares and earnings if its costs are going up strongly as well. The costs of the supply chain could also have increased.

Retail expansion: Woolworths has been making moves to diversify and grow its business through acquisitions. For example, it’s buying 80% of Mydeal.Com Au Ltd (ASX: MYD) with an offer that implied an enterprise value of $243 million. It also announced a $150 million deal to buy Shopper Media Group. It will be interesting to hear from Woolworths about its strategy with these acquisitions and whether it will be making further moves.

Trading update: There may be fears that the high rate of inflation means households reduce their spending in some areas. Will Woolworths’ trading update and outlook commentary show that households continue to spend at the supermarket?

Woolworths share price latest

The Woolworths share price is essentially flat over 2022 to date, despite the various impacts of inflation and rising interest rates on investor sentiment.

Some investors are negative on the company heading into the result. For example, Credit Suisse currently rates Woolworths as ‘underperform’ with a price target of $32.03. That implies a drop of around 15% over the next year.

In late afternoon trading on Tuesday, the Woolworths share price is down 2.5% at $38.055.

The post Looking to buy Woolworths shares? Here’s what to watch in this week’s earnings results appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why has the Chalice Mining share price dived 13% in the past week?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Allkem share price acing it on Tuesday?
• Why is Lake Resources underperforming other ASX 200 lithium shares right now?

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 pretty dire day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) this Tuesday. At the time of writing, the ASX 200 has lost a nasty 1.02% and is well back below 7,000 points.

But a falling tide doesn’t always lower all boats. In fact, three ASX 200 shares have comprehensively defied the market to post new, multi-year highs today. Let’s check ’em out.

Three ASX 200 shares hitting new highs on Tuesday

Medibank Private Ltd (ASX: MPL)

ASX 200 healthcare share Medibank is our first tall poppy to take a look at this Tuesday. The health insurer has taken a turn for the worse this afternoon, and is now back in red territory, down 0.27% at $3.70 a share. However, earlier today had Medibank rise as high as $3.74 a share.

Not only is this a new 52-week high for the company, but it’s the highest Medibank shares have traded at since at least mid-2019. Investors seem to have liked what Medibank delivered in its FY22 earnings report last week.

Whitehaven Coal Ltd (ASX: WHC)

Next up is ASX 200 coal miner Whitehaven. Like Medibank, Whitehaven shares have done a good job at bucking the market today. Whitehaven shares are presently going for $7.73, up 2.52%. But the miner climbed as high as $7.81 a share this afternoon.

Yes, that is Whitehaven’s new 52-week high. But it also appears to be a record high for the company. The last time Whitehaven shares were even in this kind of range was way back in 2011. As my Fool colleague Bernd looked at yesterday, these share price highs have largely been fuelled by record coal prices.

New Hope Corporation Limited (ASX: NHC)

Another ASX 200 coal miner in New Hope Corporation is our final share to check out this Tuesday. Like Whitehaven, New Hope shares are burning hot today. The miner is presently trading at $5.12 a share. But this afternoon saw it rise as high as $5.17, the company’s new 52-week high.

This is not a record high for New Hope. But you have to go back to 2011 to find a higher share price. As one might expect, the same coal-price tailwinds driving Whitehaven are also at play with New Hope.

The post 3 ASX 200 shares breaking multi-year highs on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why did the Medibank share price just crack a new all-time high?
• Why has the Chalice Mining share price dived 13% in the past week?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Allkem share price acing it on Tuesday?
• Why is Lake Resources underperforming other ASX 200 lithium shares right now?

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 no position in any of the stocks mentioned. 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 Medibank Private Ltd (ASX: MPL) share price reached a new all-time high of $3.74 on Tuesday.

And while the private health insurer’s shares faded as the day went on, they are still up by a sizeable 8.5% since the start of the month.

Why is the Medibank share price at a record high?

Investors have been bidding the Medibank share price higher this month after it delivered a solid result for FY 2022.

For the 12 months ended 30 June, Medibank reported group revenue up 3.2% year over year to $7,128.5 million and segment operating profit up 11.9% to $638.1 million.

And while its net profit after tax fell due to a $24.8 million loss in net investment income, this didn’t stop the Medibank board from increasing its dividend.

What was the reaction?

One leading broker that was impressed was Citi.

In response to the release, the broker retained its buy rating and lifted its price target on the company’s shares to $4.00.

So, with the Medibank share price fetching $3.70 currently, Citi sees scope for it to rise a further 8%.

What did the broker say?

Citi was pleased with its performance and outlook. And while it acknowledges that the Medibank share price is not cheap, it sees reasonable value in it. The broker explained:

PHI performing well plus tailwind from investment yields Medibank’s PHI business is performing well and we forecast an outlook of largely stable margins paired with reasonable top line growth. Medibank Health is also targeted to grow profit at a rate of at least 15% and higher interest rates should provide a reasonable tailwind for investment income. This keeps us attracted to the Medibank story despite value being reasonable rather than cheap. Largely reflecting marking to market and allowing for higher yields as well as a little more PHI revenue growth, we lift EPS, FY23E: +6%; FY24E: +2%. We retain our Buy call lifting our target price to A$4.00.

The post Why did the Medibank share price just crack a new all-time high? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy
• Here are the top 10 ASX 200 shares today
• Medibank share price dips despite dividend boost

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bitcoin (CRYPTO: BTC) price is down 1% over the past 24 hours.

The world’s first crypto is currently trading for US$21,291 (AU$30,886).

That puts the Bitcoin price down 11% since this time last week and down 55% year-to-date.

But not every crypto is in the red today.

In fact, these two lesser-known altcoins just popped 16% and 18% higher.

First up…

Riding high on fan tokens

The Chiliz (CRYPTO: CHZ) price is up 18% over the past 24 hours, currently trading for 22.4 US cents.

Not only do those gains leave the Bitcoin price moves in the dust today, but Chiliz is also up 8% over the past week and ‘only’ down 24% year-to-date.

The token was launched in 2019. Like most cryptos it reached all-time highs in 2021, topping out at 89.1 US cents on 13 March last year. A bit of maths tells us that puts Chiliz down 75% from its highs, a bit steeper than the 69% retrace in the Bitcoin price from its 10 November 2021 all-time highs.

So what is Chiliz?

CoinMarketCap explains:

Chiliz is the leading digital currency for sports and entertainment. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favourite sports brands… For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

At the current price, Chiliz has a market cap of US$1.35 billion, making it the 41st biggest in virtual circulation.

Which brings us to…

Also smashing the Bitcoin price gains today

The second altcoin rocketing higher today is EOS (CRYPTO: EOS).

EOS has gained 16% since this time yesterday, currently trading for US$1.78. The crypto is up 40% over the past seven days and down 43% so far in 2022, beating the Bitcoin price on all those metrics.

The EOS blockchain was launched in 2018. Although prices charged higher in 2021 alongside the wider crypto market rally, EOS hit all-time highs of US$22.89 on 29 April 2018. Despite the past week’s strong performance, it’s still down 92% from those highs.

If you’re unfamiliar with EOS, CoinMarketCap tells us:

The EOS Network is an open-source blockchain platform that prioritises high performance, flexibility, security, and developer experience… EOS is the market’s most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators.

At the current price, EOS has a market cap of US$1.8 billion, placing it at number 33 on the list of top 100 cryptos.

As for the number one crypto?

At the current Bitcoin price, it has a market cap of US$407.2 billion.

The post The Bitcoin price is down today but these 2 cryptos just rocketed 17% appeared first on The Motley Fool Australia.

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More reading

• Why Ethereum, Solana, and Dogecoin are falling today
• Cryptos retreat. Is the Bitcoin price rally over?
• 3 cryptos I would regret not buying on the dip
• This company profited $2.6 billion from crypto. What is it investing in now?
• 2 cryptos that could lead the market recovery

Motley Fool contributor Bernd Struben 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 Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 Chalice Mining Ltd (ASX: CHN) share price has tumbled 13% since this time last week despite no news having been released by the company.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) – the company’s home sector – has traded relatively flat, lifting just 1.75% in that time.

The Chalice Mining share price is $4.24 right now, 0.7% lower than its previous close. For context, the S&P/ASX 200 Index (ASX: XJO) is sinking 1.07% today.

So, what’s been going on with the ASX mineral exploration stock lately? Let’s take a look.

What’s going on with the Chalice Mining share price lately?

Chalice Mining has had a rocky run on the ASX lately, culminating in a 13% tumble in its stock over the last week.

Interestingly, the market hasn’t heard news from the miner for three weeks now. At that time, it agreed to get started on the second stage of its joint venture with Venture Minerals Limited (ASX: VMS).

The second stage will see Chalice Mining spend $2.5 million on exploration at the South West Project. In return, it will receive an additional 19% holding in the project – bringing its total ownership to 70%.

That announcement was the last in a string of good news that saw the Chalice Mining share price gain 34% between the end of June and its early-August peak.

Much of the news released over that time also related to a newly discovered nickel-copper-platinum zone at the company’s Julimar Project.

But any residual excitement from such announcements seems to have dissipated over the last seven days. Fortunately (or unfortunately), the stock is well versed in trading in the red.

It has slumped 55% since the start of 2022. Meanwhile, the ASX 200 has dumped 8% and the materials sector has fallen 4%.

The Chalice Mining share price is also currently 59% lower than its 52-week high of $10.48, reached in November.

The post Why has the Chalice Mining share price dived 13% in the past week? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Allkem share price acing it on Tuesday?
• Why is Lake Resources underperforming other ASX 200 lithium shares right now?
• Own CBA shares? $31b of the bank’s home loans face increasing climate risks
• Is the Flight Centre share price a buy ahead of Thursday’s FY 2022 earnings report?

Motley Fool contributor Brooke Cooper 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 no position in any of the stocks mentioned. 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 S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and dropped deep into the red. In afternoon trade, the benchmark index is down 1.05% to 6,972.7 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Credit Corp Group Limited (ASX: CCP)

The Credit Corp share price is down 6% to $19.72. Investors have been selling this debt collector’s shares after it announced customer remediation plans. Credit Corp realised that it has charged people interest that it shouldn’t have done. The total refund is expected to be $4 million at the most.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is down 12% to $7.29. This follows the release of the drinks company’s full year results for FY 2022. Endeavour reported flat revenue of $11.6 billion and an 11.2% increase in net profit after tax to $495 million. This was in line with consensus estimates. The decline appears to have been triggered by a weakening trading trend into early FY 2023 for its retail segment.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down 8% to $3.49. This follows the release of another disappointing result from the ecommerce company. Kogan reported an 8% decline in revenue to $718.5 million and $2.9 million net loss. The company also revealed that its active customers had slipped back under 4 million.

Service Stream Limited (ASX: SSM)

The Service Stream share price is down over 16% to 85.2 cents. This morning the essential services company reported a 94.5% increase in revenue to $1,563.8 million but a 19.4% decline in adjusted net profit after tax to $31.4 million. Service Stream’s top line was boosted by the acquisition of Lendlease Services late last year.

The post Why Credit Corp, Endeavour, Kogan, and Service Stream shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Service Stream share price crashes 19% on ‘challenging’ FY22
• Why is the Credit Corp share price crumbling 6% today?
• Wall Street Slumps | Pilbara Minerals stunning profits | Kogan shares look cheap, Altium shares less so…
• Endeavour share price drops 9% despite $495 million profit
• Kogan share price tumbles 9% on first ASX loss

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 Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Kogan.com ltd. 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 S&P/ASX 200 Index (ASX: XJO) is backing up yesterday’s losses with another day of red ink so far this Tuesday. At the time of writing, the ASX 200 has lost a depressing 1.06% and is back down under 7,000 points.

But rather than dwelling on those numbers, let’s instead take stock of the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Lake Resources N.L. (ASX: LKE)

Our first ASX 200 share up today is lithium stock Lake Resources. So far this Tuesday, a hefty 16.15 million Lake shares have bounced around the ASX. There’s been no fresh news or announcements out of the company today.

So we can probably assume this volume is the result of the volatility we have seen with his lithium share during today’s session. Lake shares initially spiked this morning, going as high as $1.28. However, investors have since gotten cold feet and sent the company into red territory. Its share price is currently down by 2.48% to $1.18. 

Telstra Corproation Ltd (ASX: TLS)

ASX 200 telco Telstra is next up this Tuesday. Thus far today, a notable 18.02 million Telstra shares have been phoned in. There hasn’t been much out of Telstra either.

But the telco has suffered a 0.48% drop to $4.13 a share so far. Perhaps there is some elevated trading activity today in anticipation of Telstra trading ex-dividend tomorrow for its upcoming final payment as well.

Pilbara Minerals Ltd (ASX: PLS)

Finally today, we have another ASX 200 lithium stock in Pilbara Minerals. A whopping 34.88 million Pilbara shares have been bought and sold on the markets as it currently stands. This one is more obvious.

Pilbara reported its FY22 earnings this morning, which we duly covered at the time. You can read more here but, long story short, investors seem to very much like Pilbara’s record $561.8 million profit. That’s going off of the fact that the lithium producer’s shares are up a healthy 3.31% at $3.275 a share at the time of writing.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares trading ex-dividend tomorrow
• Why Altium, Ansell, Monadelphous, and Pilbara Minerals shares are charging higher
• Why is the Allkem share price acing it on Tuesday?
• Why is Lake Resources underperforming other ASX 200 lithium shares right now?
• Wall Street Slumps | Pilbara Minerals stunning profits | Kogan shares look cheap, Altium shares less so…

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. 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 positions in and has recommended Telstra Corporation 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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A number of popular ASX All Ordinaries shares are likely to fall tomorrow, even if no announcements are made by the companies.

As the August earnings season draws to a close, several ASX shares are trading ex-dividend this month.

The ex-dividend date is when investors must have purchased a company’s shares beforehand to be eligible for the upcoming dividend. If you buy the shares on or after the ex-dividend date, the dividend will go to the seller.

Below, we take a look at the ASX All Ordinaries shares that are trading ex-dividend on Wednesday.

Telstra Corporation Ltd (ASX: TLS) shares will trade ex-dividend for the telco’s 8.5 cents per share fully franked dividend. This will be paid to eligible shareholders on 22 September.

Pact Group Holdings Ltd (ASX: PGH) shares will also trade ex-dividend on Wednesday for the company’s partially franked 1.5 cent per share final dividend. Shareholders will have to wait until 6 October to receive the packaging and recycling business’s dividend payment.

SG Fleet Group Ltd (ASX: SGF) shares are set to trade without the rights to the fleet management company’s full franked 6.81 cents per share final dividend. SG Fleet shareholders will be paid this dividend on 8 September.

Foolish Takeaway

To qualify for any of the above dividends, you’ll need to make sure you buy the company’s shares before the close of trade today.

After that, you will still qualify for the dividend even if you sell the shares tomorrow or at a later date.

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

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setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
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setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
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More reading

• Hoping to ring in the latest Telstra dividend? Here’s what you need to do
• How have ASX dividend shares been performing this earnings season?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Looking to buy Telstra shares? Here’s how the telco’s results stack up against TPG’s
• ASX reporting season weekly wrap: Winners and losers

Motley Fool contributor Aaron Teboneras has positions in Telstra Corporation Limited. 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 positions in and has recommended Telstra Corporation 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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