The ASX has a reputation for dividends. A few S&P/ASX All Ordinaries Index (ASX: XAO) shares will be sending their payments to investors in the next few weeks. Investors need to be quick because the ex-dividend date is rapidly approaching.
An ex-dividend date is the cut-off date for new investors to buy shares before they miss out on the upcoming payout. People need to own shares before the ex-dividend date to gain entitlement.
So, if the ex-dividend is Thursday, then investors need to buy shares before the end of trading on Wednesday.
Let's look at four of the names that are about to go ex-dividend.
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Reece Ltd (ASX: REH)
Reece is one of the largest bathroom suppliers in Australia and the south half of the US.
It's on course to pay a 17 cent dividend per share on 25 October 2023. The ex-dividend for this one is 10 October 2023, which is next Tuesday.
The dividend comes fully franked, which means the payment suggests a grossed-up dividend yield of 1.3%, or 0.9% excluding franking credits.
Duxton Water Ltd (ASX: D2O)
Duxton Water owns a large amount of water entitlements in Australia which are leased to agricultural operators on short-term and long-term leases.
The ASX All Ords share is planning to pay a dividend per share of 3.5 cents on 27 October 2023. The ex-dividend date for this one is 12 October 2023, which is next Thursday.
The ASX All Ords share's fully franked yield is 2%, or 2.9% grossed-up.
United Overseas Australia Limited (ASX: UOS)
The business is mainly involved in developing property and investing in Malaysia through its controlled entities.
It's going to pay its upcoming 2 cents per share dividend on 6 November 2023, with the ex-dividend date being 13 October 2023, which is next Friday.
The company's unfranked yield is 3.6%.
Harvey Norman Holdings Limited (ASX: HVN)
Harvey Norman is the business behind the large retail network in Australia (thanks to franchising), and it also has a growing overseas retail presence.
The company is planning on paying its 12 cents per share dividend on 13 November 2023. This dividend from the ASX All Ords share has an ex-dividend date of 13 October, which is next Friday.
Harvey Norman's dividend is fully franked, so the grossed-up dividend yield is 4.4%, or 3% excluding franking credits.
