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Want dividends? Here are 3 ASX shares going ex-dividend in November

You are probably reading this article because you are interested in dividends. That is, dividend income from shares. This article will highlight 3 ASX shares going “ex-dividend” in November.

You are probably reading this article because you are interested in dividends. That is, dividend income from shares. This article will highlight 3 ASX shares going “ex-dividend” in November.

Typically, to be eligible to receive a dividend, you must have purchased shares in the company prior to the ex-dividend date. This Rask video explains dividend dates.

#1 – Washington H. Soul Pattinson and Co

Investment house business Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) goes ex-dividend on 20 November, paying a fully franked dividend of 35 cents per share. WHSP has paid investors 60 cents in dividends in 2020, up from 58 cents paid in 2019.

WHSP shares currently trade on an annual dividend yield of 2.1%

#2 – Elders

Australian Agribusiness Elders Ltd (ASX: ELD) goes ex-dividend on 23 November and will pay a fully franked dividend of 13 cents per share. Elders shares currently offer investors a yield of 1.8%

Elders will have paid 22 cents in dividends in 2020, up from 18 cents paid in 2019.

Check out Jaz’s review of Elders FY20 Result here.

#3 – GrainCorp

Eastern Australia’s largest Grain handling company, GrainCorp Ltd (ASX: GNC), goes ex-dividend on 25 November and will pay shareholders a fully franked dividend of 7 cents a share.

This will be GrainCorp’s first dividend paid to shareholders since 2018, when a total of 16 cents were paid. GrainCorp reported FY20 net profit after tax of $343 million, up from a $113 million loss in FY19.

GrainCorp shares currently trade on an annual yield of 1.62%.

Summary

Of the three companies mentioned, I would only consider purchasing shares in WHSP for dividends. WHSP has grown dividends by a compound annual growth rate of 9.2% over the last 20 years (Source: FY20 Annual Report).

WHSP holds a diverse portfolio of listed equities, private equity, property and loans. In comparison, Elders and GrainCorp are exposed to the volatility of agricultural cycles.

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.
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