Five companies in the S&P/ASX All Ordinaries Index (ASX: XAO) will see their shares turn ex-dividend tomorrow.
This means that today will be the last day to lock in the latest dividend payments from these ASX All Ords shares.
If you buy shares on or after a company's ex-dividend date, you won't be eligible to receive the upcoming dividend payment.
But to compensate investors, shares typically drop on the day they turn ex-dividend. After all, these dividends are paid from the company's cash reserves.
With the money flowing out of the company's coffers to line the pockets of shareholders, it's left with less cash on its books. So theoretically, the company is worth less.
What's more, some investors will look to offload shares once they've secured the latest dividend.
So, there'll be downwards pressure on these five ASX All Ords shares tomorrow. But there could be elevated interest today as investors clamber to snare these dividends before it's too late.
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Costa Group Holdings Ltd (ASX: CGC)
Upcoming dividend: 4 cents
Franking: 100%
Payment date: 6 October
DRP: No
Trailing dividend yield: 3.4%
Costa recently reported its first-half 2022 results, delivering 16% revenue growth and 13% adjusted earnings growth. The company held its interim dividend steady at 4 cents per share, fully franked.
Breville Group Ltd (ASX: BRG)
Upcoming dividend: 15 cents
Franking: 100%
Payment date: 6 October
DRP: No
Trailing dividend yield: 1.4%
The ASX 200 retail share served up a record sales result in FY22 as revenue grew by 19% to $1.4 billion. Net profit after tax (NPAT) lifted 16% with total dividends following suit, up 13% on the prior year to 30 cents per share.
Lovisa Holdings Ltd (ASX: LOV)
Upcoming dividend: 37 cents
Franking: 30%
Payment date: 20 October
DRP: No
Trailing dividend yield: 3.0%
Lovisa pumped out another year of strong growth in FY22 as revenue leapt by 69% to $459 million. Comparable store sales grew by 20% while NPAT more than doubled to $58 million. In response, the ASX retailer boosted its annual dividends by 106% to 74 cents.
Lovisa shares will soon be added to the ASX 200 in the upcoming September rebalance.
MAAS Group Holdings Ltd (ASX: MGH)
Upcoming dividend: 3.5 cents
Franking: 100%
Payment date: 12 October
DRP: Yes
Trailing dividend yield: 1.4%
MAAS Group delivered record pro forma earnings of $125 million in FY22, up 65% from the prior year. Around 60% of this earnings growth was achieved through acquisitions while the remaining 40% was organic. Despite the surge in profit, the ASX All Ords share lifted its total dividends by only 10% to 5.5 cents.
Pepper Money Ltd (ASX: PPM)
Upcoming dividend: 5.4 cents
Franking: 100%
Payment date: 14 October
DRP: No
Trailing dividend yield: 9.2%
Non-bank lender Pepper Money recently announced its first-half 2022 results, printing net interest income of $193 million, up 9% from the prior year. The company grew its loan book throughout the year, with originations up 53% to $5.6 billion.
The ASX All Ords share didn't declare an interim dividend last year. Instead, it paid one dividend at the end of FY21, so Pepper Money's trailing dividend yield is inflated.
Unlike FY21, the company expects future dividend payments will be weighted equally between interim and final dividends.
Annualising Pepper Money's most recent interim dividend spins up a dividend yield of 6.9%.
