There are a few ASX All Ords shares companies included in the S&P/ASX All Ordinaries Index (ASX: XAO), experiencing significant share price falls on Thursday. Notably, the downward moves are occurring despite a lack of any price-sensitive news.
The explanation is straightforward before you go racking your brain on why that might be. Today is the ex-dividend date for these major companies.
Simply put, this means anyone who buys shares today (or hereafter) will not be eligible for the upcoming dividend. As a consequence, the market naturally factors this into the share price.
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Which ASX All Ords shares are trading ex-dividend today?
Resimac Group Ltd (ASX: RMC)
The non-bank lender is the smallest by market capitalistion on today's list. Resimac shares are down 7.8% to $1.01 around lunchtime as the company trades without its upcoming final dividend.
Those investors who acquired shares prior to the ex-dividend date will receive a payment of 4 cents per share fully franked. This amount is equal to the interim dividend, bringing total dividends for FY23 to 8 cents per share — equating to a yield of 7.3% based on yesterday's closing price.
Notably, the full-year payment is unchanged from FY22 despite a 35% decline in the company's net profits after tax (NPAT).
McMillan Shakespeare Ltd (ASX: MMS)
McMillan Shakespeare is another ASX All Ords share getting sold off today as it trades ex-dividend. Shares in the salary packaging and novated lease provider are 6.5% lower than where they finished yesterday.
For anyone holding McMillan shares prior to today, a 66 cent per share fully franked payment is set to come your way on 22 September.
The final dividend is 10.8% less than what was offered in the prior corresponding period. However, the full-year total is an improved $1.24 due to a higher interim payment — representing a 6.8% yield on yesterday's closing price.
Super Retail Group Ltd (ASX: SUL)
Finally, the sixth worst-performing company among ASX All Ords shares today is Super Retail Group. Investors are kicking it to the curb, with the retailer's shares 6.4% lower to $11.98 at lunchtime on Thursday.
Investors who held Super Retail shares before today will receive a final dividend per share of 44 cents and a special dividend of 25 cents. The boosted payment takes the company's total dividends in FY23 to a record $1.03 per share — working out to an 8% yield on the prior day's closing price.
Those eligible can expect this juicy dividend to land in their accounts on 18 October.
