In this article we take a look at the upcoming dividends and earnings to watch out for on the ASX this week.
Earnings This Week
ASX listed stocks whose Fiscal Year ends on 30 June will begin reporting earnings in mid-August, with some starting in late July. Companies closing their books on 31 December report earnings beginning in mid-February. The period immediately following the June or December close sees little if any reporting. There are no earnings report this week, but next week the early entries in the ASX reporting season will begin posting results.
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Ex-Dividend Dates This Week
This week only one ASX stocks is going ex-dividend.
Regardless of the business in which they operate, a publicly listed company’s ex-dividend date is an important milestone for would-be investors looking for dividend stocks.
The ex-dividend date is the cut-off point for determining the number of shareholders eligible to receive the upcoming dividend. Anyone purchasing shares one day or more before the ex-dividend date qualify as recipients of the dividend. On the ex-dividend date the company and the market know how much the company will pay out in dividends.
The first trading day after the ex-dividend date the total amount of the dividends is reflected in the share price. The stock price typically falls in response but recovers in anywhere from a few f days to a few months.. That presents a window of opportunity to buy at a bargain price, as long as the investor has the patience to wait for the next dividend date. In Australia dividends are paid twice a year.
Here is the sole company going ex-dividend this week.
Monday 21 July
- FRI – Developer and renter of residential and commercial properties – Finbar Group — share price $0.70 — $0.02 per share dividend
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