Although dividend season on the ASX is in a bit of a lull right now, that doesn't mean various shares on the All Ordinaries (ASX: XAO) Index aren't still paying out their latest dividends and thus have ex-dividend dates coming up.
Next week, there aren't too many blue chip ASX 200 stocks that have 'ex-div' dates scheduled. But we still have eight prominent All Ords stocks that will cut off eligibility for their next payouts for new investors.
Remember, when a share trades ex-dividend, it draws a line in the sand that divides eligible investors from non-eligible investors as to who gets the dividend in question.
It's usually only investors who own shares as of the market close on the last trading day before the ex-dividend date that receive the dividend paycheque. If you buy the shares on or after the ex-dividend date, you'll miss out and leave the rights to the dividend payment with the seller.
Because of this loss of value for new investors, it's typical to see a stock experience a drop in share price when the market opens on its ex-dividend date, reflecting the cash leaving the company.
With all that in mind, here are eight ASX All Ords shares that will undergo this process next week.
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Eight ASX All Ords shares trading ex-dividend next week
| ASX All Ords share | Dividend per share |
Ex-dividend date |
Dividend payday |
Current dividend yield* |
| Pacific Smiles Group Ltd (ASX: PSQ) | 3.3 cents (fully franked) | 24 September | 10 October | 2.86% |
| Genesis Energy Ltd (ASX: GNE) | 6.4 cents | 24 September | 11 October | 7.26% |
| Nick Scali Ltd (ASX: NCK) | 33 cents (fully franked) | 25 September | 17 October | 4.30% |
| IMDEX Ltd (ASX: IMD) | 1.3 cents (fully franked) | 25 September | 10 October | 1.33% |
| Vulcan Steel Ltd (ASX: VSL) | 11.8 cents (95% franked) | 26 September | 10 October | 2.99% |
| Dexus Convenience Retail REIT (ASX: DXC) | 5.1 cents | 27 September | 14 November | 7.11% |
| Rural Funds Group (ASX: RFF) | 2.9 cents | 27 September | 31 October | 5.94% |
| Centuria Industrial REIT (ASX: CIP) | 4.1 cents | 27 September | 28 October | 4.80% |
*Dividend yield as of yesterday's market close
So not a whole lot of 'big' ASX names there. But even so, many investors hold at least one of these ASX All Ords shares, and so will be expecting a payout over the next month or two.
Remember, if you want the payouts from Pacific Smiles or Genesis Energy, you must own the shares before the end of today's trading.
