We're well and truly in the thick of ASX reporting season. The biggest names in the All Ordinaries Index (ASX: XAO) are unveiling their financial results. And many are declaring lucrative dividends.
With that comes an important date: the ex-dividend date.
Taken from Latin, ex-dividend means 'without dividend'. So, you guessed it, it's the date that a company's shares no longer trade with the upcoming dividend payment attached to it.
Beyond determining who's entitled to dividends, the ex-dividend date has another important implication.
When a company's ex-dividend date rolls around, its shares typically drop in value.
This is because the money paid out in dividends no longer belongs to the company. With its cash reserves reduced, the value of the company is diminished.
So, with that in mind, here are three ASX All Ords shares trading ex-dividend today.
While the ASX All Ords index is down 0.55%, these three shares are dropping more than the market.
Image source: Getty Images
Australian Clinical Labs Ltd (ASX: ACL)
This ASX COVID beneficiary is trading without its bumper FY22 final dividend today.
Unsurprisingly, this is putting downwards pressure on the Australian Clinical Labs share price. At the time of writing, shares have tumbled 9.07% to $4.31, a drop of 43 cents.
The ASX healthcare share recently released its FY22 results and declared a fully franked final dividend of 41 cents.
This takes Australian Clinical Labs' total FY22 dividend payments to 53 cents. Meaning, Australian Clinical Labs shares were sporting a hefty dividend yield of 11.2% as of yesterday's close.
It's worth noting that this is a trailing dividend yield, with Australian Clinical Labs unlikely to replicate these dividends in the current financial year.
After all, the company was a big COVID beneficiary, playing a vital role in facilitating testing across the country. The company experienced 49% revenue growth in FY22, with 42% of total revenue relating to COVID activities.
In any case, investors who were on the company's share registry as of yesterday's close should see this juicy final dividend hit their accounts on 15 September.
Domain Holdings Australia Ltd (ASX: DHG)
Domain is another ASX All Ords share trading ex-dividend today. At the time of writing, the Domain share price has dropped 1.25%.
The property marketplace recently declared a final fully franked dividend of 4 cents per share, taking total FY22 payments to 6 cents, up 50% on the prior year.
As of yesterday's close, this put Domain shares on a trailing dividend yield of 1.7%. Throwing in franking credits, this bumps up to 2.4%.
If you held shares in Domain when the market closed yesterday, you should see this final dividend land in your account on 13 September.
Shares in Domain's rival REA Group Limited (ASX: REA) are set to trade ex-dividend on Thursday. The leading online property business recently declared a record final dividend of 89 cents, spinning up a trailing dividend yield of 1.3%.
Qualitas Ltd (ASX: QAL)
Last but not least, shares in this alternative real estate investment manager are also trading ex-dividend today. At the time of writing, the Qualitas share price has edged 1.35% lower to $2.20.
Qualitas is an alternative fund manager focused on private credit and equity across the commercial real estate sector.
Qualitas announced its FY22 results last week, declaring its first dividend since joining the ASX at the end of 2021.
Its fully franked final dividend of 4 cents put Qualitas shares on a trailing dividend yield of 1.8% when the market closed yesterday. The dividend has been pencilled in to be paid on 8 September.
Annualising this payment results in a 3% yield based on the company's IPO price of $2.50, which is in line with its prospectus forecasts.
