2 ASX 300 shares trading ex-dividend on Monday

You'd better be quick if you want the latest dividends from these high-yielding shares.

| More on:
A woman looks excited as she holds Australian dollars in the air.

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

When an ASX 300 share trades ex-dividend, it's quite a notable event. For one, it means that any new shareholders won't be eligible for the upcoming dividend that our share will be paying. This separates new shareholders, who won't get the payout, from old ones, who will.

But these events are conspicuous because, when a share goes ex-dividend, it tends to lose a large chunk of its share price. When a dividend is paid out, its value is transferred from the company to its shareholders. As such, the company becomes slightly less valuable as a result, leading to a commensurate fall in its share price.

So investors tend to take notice when these events occur.

It just so happens that Monday will see not one, but two ASX 300 shares trade ex-dividend. That means that today's session is investors' last chance to own these companies' shares and be eligible for their latest dividends. Let's check them out.

A pair of ASX 300 shares going ex-dividend on Monday

NRW Holdings Ltd (ASX: NWH)

ASX 300 mining contractor (and soon-to-be ASX 200 newcomer) NRW Holdings is the first share worth checking out. Last month, NRW announced that its next interim dividend (and first for 2023) will be coming in at an unfranked 8.5 cents per share.

Although it is unusual for NRW to pay an unfranked dividend, it does represent a meaningful 54.55% increase over the interim dividend of 5.5 cents that investors received last year.

This latest dividend payment from NRW will be arriving in investors' bank accounts on 6 April next month. But would-be shareholders have until the end of this trading session to buy NRW shares if they wish to receive it. At present, NRW shares have a dividend yield of 7.05%.

Adairs Ltd (ASX: ADH)

Next up we have ASX 300 homewares retailer Adairs. Adairs was another ASX site that reported its earnings last month. Back then, the company declared that its interim dividend for 2023 would come in at a fully franked 8 cents per share. That's flat on last year's corresponding payout.

This latest payment from Adairs is also scheduled to go out on 6 April. And, also like NRW, its eligibility will be closed off next Monday. So anyone desperate to receive this dividend will also need to own Adairs shares by the end of today's session.

This company's last final dividend came in at 10 cents per share. This means that Adairs shares have a dividend yield of 8.13% as it currently stands.

Motley Fool contributor Sebastian Bowen has positions in Adairs. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. 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

Two people lazing in deck chairs on a beautiful sandy beach throw their hands up in the air.
Dividend Investing

Why Macquarie expects this high-yielding ASX 200 dividend stock to outperform

Let's find out.

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

Why did the Rio Tinto dividend just shrink to 7-year lows?

Rio Tinto just slashed its half-year dividend payout. But why?

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

These top ASX dividend shares offer 5%+ yields

Analysts think income investors should be buying these shares.

Read more »

A piggy bank is surround by hands preparing to pay coins into the slot, representing a company capital raisingh in asx share price represented by multiple hands all placing coins in a piggy bank
Dividend Investing

3 Australian dividend stocks trading at bargain prices

These ASX dividend shares look far too cheap to me.

Read more »

A couple cheers as they sit on their lounge looking at their laptop and reading about the rising Redbubble share price
Dividend Investing

Invest $5,000 into these ASX dividend stocks in August

Here's what analysts are recommending as buys right now.

Read more »

Young professional person providing advise to older couple.
Investing Strategies

Why franking credits are a powerful bonus for ASX investors

With super tax changes on the horizon, here’s why franking credits matter more than ever.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

Buy these ASX dividend shares for passive income

Let's see what analysts are recommending to their clients right now.

Read more »

Business meeting to discuss buy now pay later platform
Dividend Investing

Forget term deposits! I'd buy these two ASX 200 shares instead

I think term deposits have a weak outlook.

Read more »