August's earnings season may be over for the All Ordinaries Index (ASX: XAO) and most All Ords shares, but we are still getting a trickle of new dividend payments for the ASX to process. And that means upcoming divided paycheques for ASX investors.
But for every dividend, there must also be an ex-dividend date. That's the day that new investors are cut off from receiving an upcoming dividend payment. As such, we usually see a sizeable share price drop when a company trades ex-dividend. This reflects the loss of value that this lost dividend represents for new investors.
Next week, we will see no fewer than four ASX All Ords shares trade ex-dividend. So if you want to bag the latest dividends from these All Ords shares, you'd better be quick to buy before those shares trade ex-dividend. Here's what you need to know.
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4 ASX All Ords shares trading ex-dividend next week
Ridley Corporation Ltd (ASX: RIC)
All Ords agricultural share Ridley is first up. This animal nutrition company announced a final dividend of 4.25 cents per share last month, which will come fully franked. That represents a pleasing rise over both this year's interim dividend, as well as last year's final dividend, which both came in at 4 cents per share.
This dividend is scheduled for payment on 26 October next month, but its ex-dividend date is set for next Wednesday, 4 October.
At present, Ridley shares offer a dividend yield of 3.58%.
Sims Ltd (ASX: SGM)
ASX All Ords metal and electronics recycling share Sims is next up. Last month, Sims revealed that its final dividend for the 2023 financial year will be worth a fully-franked 21 cents per share. That comes in comfortably above Sims' March interim dividend of 14 cents per share, but well below last year's final dividend of 50 cents per share.
Sims' payday for this dividend is also scheduled for 26 October next month, and again, the ex-dividend date will occur next Wednesday, 4 October.
Sims shares today are trading with a dividend yield of 1.81%.
KMD Brands Ltd (ASX: KMD)
Our next company worth a look at is All Ords retail share and Kathmandu owner KMD Brands. Earlier this month, KMD told investors to expect a final dividend worth an unfranked 3 New Zealand cents per share.
We don't yet know what the final amount in Australian dollars will come in at yet. But based on today's exchange rates, investors can pencil in a 2.8 cents per share dividend. That would be a welcome increase from last year's final dividend worth 2.34 cents per share. As well as June's interim dividend worth 2.32 cents per share.
Payday for this dividend is set for 20 October, with an ex-dividend date of 4 October next week.
At present, KMD shares trade with a dividend yield of 6.45%.
ARB Corproation Ltd (ASX: ARB)
Finally today, it's time to check out ASX All Ords four-wheel driving accessories company ARB. Back in August, ARB gave investors notice that its upcoming final dividend would be worth 30 cents per share, fully franked.
This represents a cut from both April's interim dividend, as well as 2022's final dividend, which were both worth 32 cents per share.
ARB shares will trade ex-dividend for this paycheque next Thursday, 5 October. Payment day will then roll around on 20 October next month.
Right now, ARB shares are trading with a dividend yield of 1.99%.
