Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

GlaxoSmithKline plc (GSK), Antofagasta plc (ANTO), Kingfisher plc (KGF): Three FTSE 100 Shares Going Ex-Dividend Next Week

GlaxoSmithKline plc (ADR) (GSK) (NYSE:GSK)LONDON — If you want to be eligible for a dividend payment, or if you’re hoping a share price might drop disproportionately when the time has passed, you need to be aware of your ex-dividend dates; so long as you hold the shares up to and including that day, you’ll get your money.

Whatever your strategy, we have a handful of FTSE 100 companies reaching the all-important day next week. The following three will go ex-dividend next Wednesday, May 8.

GlaxoSmithKline plc (LON:GSK)
GlaxoSmithKline plc (LON:GSK) released first-quarter results on April 24 and announced a dividend of 18 pence per share. That’s a rise of 6% over the same period last year and is part of a program of returning cash to shareholders; the pharmaceuticals giant is also targeting share repurchases of 1 billion pounds to 2 billion pounds.

A similar percentage rise in the firm’s dividends over the full year would result in a total payment of approximately 78 pence per share for a yield of 4.7% on a share price of 1,658 pence.

Antofagasta plc (LON:ANTO)
The mining sector might be under some pressure these days, but that hasn’t stopped Antofagasta plc (LON:ANTO) from offering a nice dividend for the 2012 full year. Although the ordinary dividend of $0.21 per share announced on March 12 only represents a yield of 1.5% on a share price of 909 pence, there is also a special dividend of $0.775 per share to be paid, taking the total for the year to $0.985 for a yield of 6.9%.

The previous year’s dividend payment was similarly split, but with an ordinary dividend of $0.20 and a special dividend of $0.24 per share for 2011, the total payout for 2012 is up 124%.

Kingfisher plc (LON:KGF)
On March 26,  Kingfisher plc (LON:KGF) announced a final dividend of 6.37 pence per share, unchanged from the same period last year. But an earlier 25% rise in the interim dividend to 3.09 pence takes Kingfisher’s overall payment for the year to 9.46 pence per share. That’s a rise of 7% and represents a yield of 3% on a share price of 327 pence.

The boost comes despite the fact that a 2.4% drop in sales for the owner of the U.K.’s B&Q and Screwfix brands led to an 11.4% fall in adjusted pre-tax profit and an 11.2% fall in adjusted earnings per share. But the dividend was more than twice-covered, and there is a return to earnings forecast for the current year.

The article 3 FTSE 100 Shares Going Ex-Dividend Next Week originally appeared on Fool.com and is written by Alan Oscroft.

Alan Oscroft has no position in any stocks mentioned. The Motley Fool recommends Antofagasta and GlaxoSmithKline.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Loading Comments...