These 5 ASX shares are going ex-dividend this week

We take a look at the shares that may be affected by trading without the prospect of an upcoming dividend this week.

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ASX shares trading ex-dividend are always an interesting show to get a seat to. Since an ex-dividend date represents the first time a share trades without an upcoming dividend on offer, there are normally some notable and sometimes dramatic share price movements around these dates. Something to watch out for!

So here are 5 ASX shares that will trade ex-dividend at some point this week.

5 ASX dividend shares going ex-dividend this week

Vanguard US Total Markets ETF (ASX: VTS)

This exchange-traded fund (ETF) from Vanguard covers the entire US stock market, almost 4,000 companies. It pays a dividend distribution quarterly, the latest of which is due to leave this ETF's books today. Unitholders will receive the 84.91 cent distribution, unfranked, on 25 October. This ETF has a trailing yield of approximately 1.2%.

Gold Road Resources Ltd (ASX: GOR)

An ASX gold miner, Gold Road Resources is also set to trade ex-dividend today. Shareholders can look forward to receiving this miner's interim dividend of half a cent per share, fully franked, on 28 October. At Gold Road's last share price of $1.22, this company had a dividend yield of 1.64%.

Rural Funds Group (ASX: RFF)

Agricultural ASX Real Estate Investment Trust (REIT) Rural Funds is also scheduled to trade ex-dividend this week, on Wednesday to be precise. Unitholders can expect Rural Funds' latest interim dividend distribution on 29 October. This payment will be worth 2.93 cents per unit but, since Rural Funds is a REIT, it will come unfranked. At Rural Funds' last unit price of $2.71, it has a yield of 4.19% on offer.

Meridian Energy Ltd (ASX: MEZ)

This New Zealand-based renewable energy company will be paying out its unfranked final dividend of 10.48 cents per share on 15 October after it trades ex-dividend on Wednesday. Meridian last traded at a price of $5.05 a share and, as such, offers a yield of 3.03% at the present time.

Nick Scali Limited (ASX: NCK)

This ASX furniture company is our final share for today. Nick Scali has told investors to expect a final and fully franked dividend of 25 cents per share to hit their bank accounts on 25 October. This dividend will leave the Nick Scali share price on Friday when the company goes ex-dividend. At the last share price of $11.39, the company has a yield of 5.71%.

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 owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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