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.
