Last month, a large number of ASX 200 shares released their latest results and decided to share some of their profits with shareholders in the form of dividends.
Once a company declares its dividend, it names a date in which its shares will trade ex-dividend.
This is essentially when the rights to the dividend payment have been finalised. If you buy its shares on the ex-dividend date, you're too late to the party and the seller will be the one that receives the dividend even though you may be holding the shares on the dividend payment date.
In light of this, a share will more often than not fall in line with the amount of its dividend to reflect this.
A number of ASX 200 shares are going ex-dividend today are trading lower for this reason. Listed below are six such examples:
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Blackmores Ltd (ASX: BKL)
The Blackmores share price is down 1.5% after trading ex-dividend for the company's 87 cents per share fully franked interim dividend. This will be paid to eligible shareholders on 28 March.
Brambles Limited (ASX: BXB)
The Brambles share price is dropped almost 1% to $13.19. It will be paying eligible shareholders a partially franked 17.7 cents per share interim dividend on 13 April.
Costa Group Holdings Ltd (ASX: CGC)
The Costa share price is down 1.5% this afternoon. Its shares have gone ex-dividend for its partially franked 5 cents per share interim dividend. This will be paid to shareholders on 6 April.
Smartgroup Corporation Ltd (ASX: SIQ)
The Smartgroup share price has sunk almost 7% after trading ex-dividend for the company's 29 cents per share fully franked final dividend. Eligible shareholders can look forward to receiving this dividend on 23 March.
Super Retail Limited (ASX: SUL)
The Super Retail share price is down almost 4%. This retailer will be paying its fully franked 34 cents per share interim dividend on 14 April.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price has tumbled 7.5% after going ex-dividend for the energy giant's massive 211.3 cents per share fully franked final dividend. It will be paid to eligible shareholders in just under a month on 5 April.
