Perenti Ltd (ASX: PRN) and WAM Income Maximiser Ltd (ASX: WMX) are among the ASX shares going ex-dividend next week.
Following earnings season in August, scores of ASX companies are paying out millions in dividends to shareholders.
Those participating in dividend reinvestment plans (DRPs) are receiving their new shares, typically on the same day that cash dividends are paid out.
If you'd like to receive any of the dividend payments below, you need to buy these ASX shares before their ex-dividend dates.
Each time a company announces its next dividend, investors have a typically short time period to invest anew or top up their holdings to maximise their dividend income.
Here at The Fool, we do not recommend buying shares in a company you have not researched just to get the next dividend payment.
Our stock analysts say the decision to invest should be much more considered and strategic than that, and based on fundamentals.
Many investors employ a dollar-cost averaging strategy on ex-dividend dates to reduce the average cost of their holdings over time.
These investors already own stock in the company.
They target the ex-dividend date for further purchasing because the share price tends to fall on the ex-dividend day, potentially providing an attractive buy-the-dip opportunity.
Here are 16 ASX shares going ex-dividend next week.
| ASX share | Ex-div date | Amount | Payday |
| Turners Automotive Group Ltd (ASX: TRA) | 13 October | 6.2 cents | 30 October |
| Shriro Holdings Ltd (ASX: SHM) | 13 October | 3 cents | 30 October |
| Civmec Ltd (ASX: CVL) | 13 October | 3.5 cents | 24 October |
| Sandon Capital Investments Ltd (ASX: SNC) | 14 October | 0.005 cents | 31 October |
| WAM Income Maximiser Ltd (ASX: WMX) | 14 October | 0.0003 cents | 31 October |
| Star Combo Pharma Ltd (ASX: S66) | 14 October | 0.004 cents | 31 October |
| United Overseas Australia Ltd (ASX: UOS) | 15 October | 0.005 cents | 6 November |
| Cadence Capital Ltd (ASX: CDM) | 15 October | 3 cents | 31 October |
| Cadence Opportunities Fund Ltd (ASX: CDO) | 15 October | 7 cents | 31 October |
| Perenti Ltd (ASX: PRN) | 15 October | 4.3 cents | 30 october |
| WAM Research Ltd (ASX: WAX) | 15 October | 5 cents | 28 October |
| Horizon Oil Ltd (ASX: HZN) | 15 October | 1.5 cents | 24 October |
| Gowing Bros. Ltd (ASX: GOW) | 16 October | 3 cents | 5 November |
| K & S Corporation Ltd (ASX: KSC) | 16 October | 8 cents | 4 November |
| WAM Microcap Ltd (ASX: WMI) | 16 October | 5.3 cents | 29 October |
| FFI Holdings Ltd (ASX: FFI) | 17 October | 12.5 cents | 30 October |
The post 16 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.
Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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