LONDON — With so many companies boosting their dividends in line with improving full-year results, investors will surely want to know when they’ll be eligible for payment — whether they want to buy in time to get it or are looking for a bargain share price on ex-dividend day.
Here are three FTSE 100 companies going ex-dividend in the week commencing March 18.
Aviva Plc (ADR) (NYSE:AV)
Aviva, the insurer that famously slashed its final dividend by 44% last week, will go ex-dividend next Wednesday, March 20. For those who also received the firm’s interim dividend, the full-year cash payout will amount to 19 pence per share, which is 27% less than the previous year. But even after the fall, it represents a yield of 5.9% on the current share price of 324 pence, and that’s still one of the best in the FTSE 100.
We have, of course, no forecasts for Aviva Plc (ADR) (NYSE:AV)’s 2013 dividend yet, as existing ones were all based on pre-cut levels. But with the shares on a forward price-to-earnings ratio of less than eight, a lot of people will be seeing them as a bargain now.
HSBC Holdings plc (ADR) (NYSE:HBC)
Also on next Wednesday, HSBC Holdings plc (ADR) (NYSE:HBC) shares will go ex-dividend. The international bank announced a 10% rise in its full-year dividend to $0.45 per share on March 4, representing a yield of about 4% on the current share price of 734 pence.
HSBC Holdings plc (ADR) (NYSE:HBC) also told us it plans to lift its first three dividend payments for 2013 by 11%. If that is reflected in the fourth quarter, too (and we will surely be hoping for a bit more than that for the final dividend), we should be looking at a yield of about 4.5% by December 2013.
InterContinental Hotels Group PLC (ADR) (NYSE:IHG)
Wednesday is also ex-dividend day for InterContinental Hotels Group PLC (ADR) (NYSE:IHG), which on Feb. 19 reported a 10% rise in operating profit for the year to December 2012. Adjusted earnings per share rose by 8.5% to $1.42, enabling the firm to lift its full-year dividend by 16% to $0.64 per share.
With the shares currently trading at 2,019 pence, that’s a yield of only a little more than 2%, but it’s the third year in a row of dividend growth, with further rises of about 8% and 11% forecast for 2013 and 2014, respectively.
The article 3 FTSE 100 Shares Going Ex-Dividend Next Week originally appeared on Fool.com and is written by Alan Oscroft.
Alan does not own any shares mentioned in this article.
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