Investors chasing dividends from ASX All Ords shares have a few options to pick from next week, with a number of companies going ex-dividend.
The ex-dividend date is the last day that you can own shares of a company and expect to receive its upcoming dividend.
You must own the stock before the ex-dividend date – not the day of – in order to qualify for the payout.
Three companies that are due to hit the cutoff date next week are Reece Ltd (ASX: REH), Ridley Corp Ltd (ASX: RIC), and Harvey Norman Holdings Ltd (ASX: HVN).
Let's take a look at these ASX All Ords shares' upcoming dividend and what it means for investors.
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ASX All Ords shares go ex-dividend
Plumbing and bathroom supplies company Reece announced in its FY24 results that it will pay a fully franked dividend of 17.75 cents per share.
Morgans analysts expressed concerns about ongoing challenging trading conditions for Reece, particularly in Australia and New Zealand.
As a result, the broker has a 'reduce' rating on Reece shares, with a price target of $21.00.
Reece shares finished the session on Thursday at $27.66 per share and have advanced more than 51% over the past twelve months.
With the ex-dividend date set for October 8, investors need to be on the share registry before then to receive the payout. Here's the key dates:
- Dividend: 17.75 cents (fully franked)
- Ex-Dividend Date: 8 October
- Payment Date: 23 October
Ridley Corp 's nutritious dividend growth
Ridley operates in the animal nutrition industry. It has a market capitisation of nearly $800 million at the time of writing.
The ASX All Ords share has climbed more than 9.5% in the past month, after a difficult first half of the year.
Ridley declared a fully franked final dividend of 4.65 cents per share in its annual results, up from 4.25 cents apiece the prior year.
The ex-dividend date is scheduled for October 7 and the dividend will be paid on October 24.
It's been quiet from Ridley in the past few months, but its FY24 results showed a 5% growth in underlying pre-tax income to $92 million.
Net profit was up 1%, and the company paid 50-70% of its net profit to shareholders as dividends last financial year.
The ASX All Ords share is rated a buy from consensus estimates, according to CommSec. Here's the key dates:
- Dividend: 4.65 cents (fully franked)
- Ex-Dividend Date: 7 October
- Payment Date: 24 October
Harvey Norman: dividends in store
Retail and property giant Harvey Norman is another ASX All Ords stock going ex-dividend next week.
The company will pay a fully franked dividend of 12 cents per share, with the ex-dividend date on 15 October.
The dividend is set to be paid out on November 13.
Harvey Norman's diversified business model, combining retail operations with property ownership, has brokers positive on the stock.
Bell Potter initiated coverage with a buy rating and a price target of $5.80, citing Harvey Norman's competitive advantage and potential for growth in the consumer electronics space.
If this translates into profit growth, it could translate to dividend growth, too. Who knows.
For Harvey Norman, here are the key points investors need to know for the upcoming dividend:
- Dividend: 12 cents (fully franked)
- Ex-Dividend Date: 15 October
- Payment Date: 13 November
ASX All Ords shares takeaway
Dividend-seeking investors have a few opportunities on the horizon with these ASX All Ords shares.
Remember, to be eligible for these dividends, you need to hold the shares before the ex-dividend dates. Buying on or after the respective day means you will miss out on this payout, but receive any future payments.
