It's been an eventful week for ASX dividend investors, and not just because of the wipeout we saw on Wednesday.
Numerous companies in the S&P/ASX 300 Index (ASX: XKO) have seen their shares turn ex-dividend this week. And many others have started delivering dividend payments to shareholders' accounts.
On Monday, two more ASX 300 shares will be taking away entitlements to their upcoming dividend payments.
In other words, investors will need to hold shares in these companies by the time the market closes today in order to be eligible to receive their latest dividends.
Let's check out these two ASX 300 shares going ex-dividend on Monday.
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Qube Holdings Ltd (ASX: QUB)
Today will be the final day to get your hands on the latest dividend from this ASX 300 logistics company.
Qube recently handed in its FY22 results, declaring a final ordinary dividend of 3.3 cents along with a special dividend of 0.7 cents. These dividends are fully franked and will be paid on 18 October.
Qube's special dividend was fuelled by the $1.7 billion sale of its interests in the Moorebank Logistics Park, along with the company's positive earnings outlook.
In FY22, Qube achieved solid revenue and earnings growth through both organic and acquisitive avenues. Underlying revenue leapt 27% to $2.6 billion while underlying net profit after tax (NPAT) jumped 30% to $186 million.
These results were helped by higher volumes across most of the company's core markets, including containers, grain, steel, most mining bulk commodities, and general cargo.
Across the financial year, Qube declared total dividends of 7 cents, fully franked, up 17% from 6 cents in FY21.
The company also returned a further $400 million to shareholders through an off-market share buyback.
Based on current prices, Qube shares are spinning up a trailing dividend yield of 2.5%. With the benefit of franking credits, this yield bumps up to 3.5%.
Service Stream Limited (ASX: SSM)
Service Stream is the other ASX 300 share going ex-dividend on Monday.
The network services business released its FY22 results last month, resuming dividend payments by declaring a fully franked final dividend of 1 cent. It will be paid on 5 October.
In what Service Stream described as a "transformational year", the company delivered total revenue of $1.6 billion, up 95%, amidst a challenging operating environment.
While undoubtedly eye-catching at first glance, this near-doubling in revenue was driven by the acquisition of Lendlease Services.
Last year, Lendlease Group (ASX: LLC) sold its services business to Service Stream for $310 million. The acquisition was completed on 1 November 2021, so Service Stream's FY22 results include 8 months' contribution from the deal.
Excluding Lendlease Services, Service Stream grew its legacy revenue by 3% across the year to $827 million.
Across the group, earnings before interest, tax, depreciation, and amortisation (EBITDA) from operations lifted 14% to $91 million. However, adjusted NPAT went backwards, falling 19% to $31 million.
Nonetheless, the ASX 300 share said its strong post-acquisition operating and cash flow results supported a resumption in dividends.
Prior to this, the last time Service Stream paid a dividend was in the first half of FY21.
Service Stream shares are currently sitting on a trailing dividend yield of 1.3%, which grosses up to 1.9% including franking credits.
