Here are 5 ASX 200 shares turning ex-dividend tomorrow

It's an all-REIT affair.

| More on:
5 mini houses on a pile of coins.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's been a big couple of months for ASX dividend investors

According to CommSec, companies in the S&P/ASX 200 Index (ASX: XJO) declared more than $42 billion worth of dividends in the recent ASX reporting season.

Now, a lot of these ASX 200 shares are turning ex-dividend, taking away entitlements to their upcoming dividend payments.

But a particular subset of ASX 200 shares will be in focus tomorrow: real estate investment trusts (REITs).

See, ASX REITs typically pay quarterly dividends (also known as distributions). And within the last couple of weeks, many have declared their distributions for the quarter ending 30 September 2022. 

Tomorrow, more than a dozen ASX REITs will be going ex-dividend. And in the process, taking their unfranked dividends off the table.

Five, in particular, are members of the ASX 200 index. Let's check them out.

Charter Hall Long WALE REIT (ASX: CLW)

The largest ASX REIT by market capitalisation going ex-dividend tomorrow is the Charter Hall Long WALE REIT.

This REIT focuses on high-quality real estate on long-term leases, investing in around 550 properties in Australia and New Zealand with long weighted average lease expiry (WALE) periods.

As of tomorrow, the Charter Hall Long WALE REIT will no longer trade with rights to receive a quarterly distribution payment of 7 cents on 11 November.

Pleasingly for investors, REITs often provide specific guidance for the year ahead. In terms of dividends, the CLW REIT is expecting to declare total distributions of 30.5 cents in FY23, up 4% from the prior year. This represents a dividend yield of 7.7%. 

HomeCo Daily Needs REIT (ASX: HDN)

Next up, HomeCo is another ASX 200 REIT turning ex-dividend tomorrow. This REIT focuses on convenience-based assets across the subsectors of neighbourhood retail, large format retail, and health and services. 

Think local town centres and shopping strips. Its top three tenants by gross income are Woolworths Group Ltd (ASX: WOW), Bunnings, and Coles Group Ltd (ASX: COL).

Tomorrow, HomeCo shares will be trading without entitlements to the latest quarterly distribution of 2.075 cents, which will be paid "on or about" 25 November. The REIT also has a dividend reinvestment plan (DRP) available.

Looking ahead, HomeCo is guiding for FY23 distributions of 8.3 cents, relatively in line with the most recent financial year. At current levels, this equates to a dividend yield of 7.3%.

Waypoint REIT Ltd (ASX: WPR)

The next cab off the rank is Waypoint, a REIT that focuses on petrol station assets around the country. Waypoint shares will be trading tomorrow without a quarterly distribution of 3.95 cents, which will be paid on 15 November.

Waypoint recently announced its first-half 2022 results, reiterating FY22 distribution guidance of 16.44 cents. This would be a 4% hike from the prior year and represents a dividend yield of 7.1%.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial is another ASX 200 REIT turning ex-dividend tomorrow. CIP is Australia's largest domestic pure-play industrial REIT, with most of its 88 industrial assets located along the eastern seaboard of Australia.

Today will be the final day that the Centuria Industrial REIT will be trading with its latest quarterly distribution of 4 cents. For now, the REIT has flagged a payment date of 28 October.

In FY22, the Centuria Industrial REIT declared total distributions of 17.3 cents. The REIT is guiding for FY23 distributions of 16 cents, down 8% year over year, representing a dividend yield of 6.2% based on current prices.

Arena REIT (ASX: ARF)

Last but not least, the Arena REIT will also be trading ex-dividend tomorrow. This REIT focuses on social infrastructure properties, which are leased to a diversified tenant base in the childcare and healthcare sectors.

From tomorrow onwards, Arena will no longer be trading with its latest quarterly distribution of 4.2 cents. The payment date has been pencilled in for 3 November. A DRP is also available for shareholders who wish to participate.  

When announcing its full-year results last month, Arena provided FY23 distribution guidance of 16.8 cents. This would represent 5% growth from the prior year and spins up a dividend yield of 4.8%.

Motley Fool contributor Cathryn Goh 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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Bank Shares

Macquarie share price higher amid DRP dividend news

Macquarie has announced the share price of stock to be allocated through its dividend reinvestment plan.

Read more »

Couple looking very happy while shopping at a home improvement store.
Dividend Investing

Focused on pasive income? Check out this defensive ASX 200 dividend stock

A leading expert says this quality ASX 200 dividend stock remains ‘undervalued’.

Read more »

Man smiling at a laptop because of a rising share price.
Dividend Investing

2 ASX shares that I think are buys for both growth and dividends

These businesses offer so much potential.

Read more »

Worker inspecting oil and gas pipeline.
Dividend Investing

Should I buy Woodside shares today for their 8% dividend yield?

With an 8% dividend yield and a resurgent share price, should I buy Woodside shares right now?

Read more »

A woman standing in a blue shirt smiles as she uses her mobile phone.
Dividend Investing

Buy Rio Tinto, Telstra, and this ASX dividend share

Let's see what analysts are saying about these income options.

Read more »

A man wearing glasses sits back in his desk chair with his hands behind his head staring smiling at his computer screens as the ASX share prices keep rising
Dividend Investing

1 ASX dividend stock down 25% I'd buy right now

This business offers both passive income and potential growth.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

2 ASX shares with dividend yields above 8%

These two stocks offer investors significant passive income potential.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Dividend investors should put these 2 top ASX shares on their watchlist

These two businesses have exciting dividend potential.

Read more »