September promises to be a busy month for ASX dividend investors as the cash from dividends recently declared during ASX reporting season starts landing in shareholders' bank accounts.
But before these dividends can be paid, companies must first determine which investors are entitled to their upcoming dividends.
To do so, they set a cut-off date, which is also known as the ex-dividend date. If you buy shares on or after this date, those shares won't come with the latest dividend payment.
On Wednesday, tomorrow, nine companies in the S&P/ASX 200 Index (ASX: XJO) will see their shares turn ex-dividend.
In other words, today will be the last day to secure the latest dividends from these ASX 200 shares.
Let's check them out, starting with the company with the highest trailing dividend yield.
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Insignia Financial Ltd (ASX: IFL)
Upcoming dividend: 11.8 cents
Franking: 100%
Payment date: 29 September
DRP: Yes
Trailing dividend yield: 6.9%
Formerly known as IOOF, Insignia delivered 59% growth in underlying net profit after tax (NPAT) in FY22. This helped the ASX 200 financials business to increase its ordinary dividends by 35% across the financial year, even despite a reduction in its dividend payout ratio.
Viva Energy Group Ltd (ASX: VEA)
Upcoming dividend: 13.7 cents
Franking: 100%
Payment date: 22 September
DRP: No
Trailing dividend yield: 5.7%
The ASX 200 energy share recently announced its half-year results, posting a 218% surge in underlying NPAT on the back of strong refining margins. As a result, Viva brought forward its refining dividends, including them in the interim dividend instead of the final dividend.
Healius Ltd (ASX: HLS)
Upcoming dividend: 6 cents
Franking: 100%
Payment date: 21 September
DRP: No
Trailing dividend yield: 4.4%
Progress in its sustainable improvement program and an upswing in COVID-related demand helped Healius to double its underlying NPAT in FY22. Across the full year, the ASX 200 healthcare share lifted total dividends by 21%.
Amcor CDI (ASX: AMC)
Upcoming dividend: 12 US cents
Franking: 0%
Payment date: 28 September
DRP: No
Trailing dividend yield: 3.8%
The ASX 200 packaging company recently declared a fourth-quarter dividend of 12 US cents, taking total dividends in FY22 to 49 US cents, up 4% from the prior year. Amcor also delivered further shareholder returns through share buybacks, repurchasing $600 million of shares in FY22.
Medibank Private Ltd (ASX: MPL)
Upcoming dividend: 7.3 cents
Franking: 100%
Payment date: 29 September
DRP: No
Trailing dividend yield: 3.7%
The ASX 200 health insurer served up 9% growth in underlying NPAT in FY22, helping the company to raise its full-year dividends by 6% while also marginally reducing its dividend payout ratio.
Brambles Limited (ASX: BXB)
Upcoming dividend: 12 US cents
Franking: 35%
Payment date: 13 October
DRP: Yes
Trailing dividend yield: 2.6%
Brambles' FY22 results came in ahead of guidance as revenue climbed by 9% and NPAT jumped 18% on a constant-currency basis. The ASX 200 supply chain business boosted its total dividends by 11% compared to the prior year and has reinstated its DRP.
AUB Group Ltd (ASX: AUB)
Upcoming dividend: 38 cents
Franking: 100%
Payment date: 7 October
DRP: No
Trailing dividend yield: 2.5%
The ASX 200 insurance broker posted NPAT growth of 14% in FY22, underpinned by organic growth in its Australian broking and agencies segments. But despite the rise in profits, AUB held its full-year dividends steady in light of its potential $880 million acquisition of Tysers. Subject to final regulatory approvals, the acquisition is on track to be completed by late 2022.
SEEK Limited (ASX: SEK)
Upcoming dividend: 21 cents
Franking: 100%
Payment date: 4 October
DRP: No
Trailing dividend yield: 2.1%
Across the financial year, SEEK raised its total dividends by 10% as underlying NPAT from continuing operations soared by 81% in FY22. The ASX 200 share experienced record job ad volumes in the Australia and New Zealand (ANZ) region and volume growth across all markets in Asia.
IDP Education Group Ltd (ASX: IEL)
Upcoming dividend: 13.5 cents
Franking: 14%
Payment date: 29 September
DRP: No
Trailing dividend yield: 1.0%
Finally, IDP experienced a strong rebound in demand in FY22 after previously being bogged down by COVID-related challenges. The ASX 200 education business grew revenue by 48% while adjusted NPAT shot up by 120%. This helped the company lift its full-year dividends by 10% compared to FY21.
