Hello everyone, great to have your company on Kalkine TV. I'm Holly and you’re watching
Buzzing Trends. Today we will be looking at six ASX listed stocks turned ex-dividend yesterday.
But first lets quickly understand the concept of stocks turning ex-dividend.
An ex-dividend date, sometimes known as an "ex-date," indicates that an investor who
purchases a stock on or after the ex-dividend date will not be eligible to receive the announced
dividend. Instead, individuals who owned the stock the day before the ex-dividend date
receive the dividend payout. On or after the ex-dividend date, traders who buy a stock
will not receive the subsequent dividend payment. The dividend amount will adjust the shares
down because buyers aren't entitled to the next dividend payment on the ex-date. Many
ASX-listed firms went ex-dividend yesterday, and these stocks stayed on investors' watchlists
during yesterday's trading session. These companies include Briscoe Group Australasia,
Fonterra Shareholders' Fund, Myer Holdings, Seek, Supply Network, and Virtus Health.
Let's take a look at them one by one.
The first one on the list is Briscoe Group Australasia.
It is a non-trading holding company based in New Zealand. The company provides management
services to its subsidiaries as a holding company. Briscoes, a specialised homeware
store offering branded products, and The Sports Authority, trading as Rebel Sport, a retailer
of sporting goods brands, are the company's principal trading subsidiaries. The retail
giant Briscoe turned ex-dividend yesterday. It would pay a dividend of AU$0.145 per share
to its shareholders on 31 March 2022. The record date for this dividend payment is 24
March 2022. Briscoe Group shares are currently trading at AU$ 4.840.
Second on the list is Fonterra Shareholders' Fund.
It is a unit trust-based in Auckland, New Zealand. Last week on 17 March, the company
shared its half-yearly results for the financial year 2022. It delivered a half-year profit
after tax of NZ$364 million and a total group normalised EBIT of NZ$607 million. Fonterra
turned ex-dividend yesterday and decided to pay a final dividend of AU$0.039 per share
on 14 April 2022. Fonterra shares were currently trading at AU$3.32.
Third on the list is Myer.
It is an Australian corporation that operates a department store chain. Around 60 department
shops and one retail website, myer.com.au, are operated by the company across Australia.
Myer also maintains a sourcing office in Hong Kong, in addition to its Australian activities. The
company, which turned ex-dividend yesterday, announced a fully franked dividend of AU$0.015
per share to be paid to shareholders on 12 May 2022. Myer's shares are currently trading
at AU$0.59, up by 1.00%
Fourth on the list is SEEK.
Australia's SEEK is an online employment marketplace. The company is involved in the online matching
of hirers and candidates with career opportunities and other related services. SEEK also invests
in early-stage enterprises and technology in the human capital management industry and
distribution and provision of higher education courses. The company turned ex-dividend
yesterday. It would pay a fully franked dividend of AU$0.23 per share to its shareholders on
07 April 2022. The record date for this dividend payment is 24 March 2022. SEEK's shares
are currently trading at AU$29.61, down by 2.44%
Moving on to Fifth on the list is Supply Network.
This company specialises in aftermarket parts for commercial vehicles. Its Multispares brand
is used by trading companies in Australia and New Zealand. The firm is in the business
of selling truck and bus parts. It also provides other services, such as part interpretation,
procurement, supply management, and problem resolution. Supply Network also turned ex-dividend
yesterday and decided to pay a fully franked final dividend of AU$0.12 per share on 07
April 2022. Supply Network shares are currently trading at AU$ 10.02, up by 0.40%
And moving on to the last one on the list is Virtus Health.
It specialises in the business of fertility, medical day procedures, and medical diagnostics.
New South Wales, Queensland, Victoria, Tasmania, Australian Diagnostics, and International
are its six segments from where it operates. The healthcare services firm turned ex-dividend
yesterday and has announced a fully franked dividend of AU$0.12 per share to be paid to
shareholders on 14 April 2022. Virtus Health shares are currently trading at AU$ 8.14,
up by 0.37%.
We will be back with our Buzzing Trends show tomorrow to share the latest market insights
with you. Till then, Stay tuned with Kalkine TV for more stock, business and economy related
hot trends.