Please ensure Javascript is enabled for purposes of website accessibility

3 FTSE 100 Shares Going Ex-Dividend Next Week

By Alan Oscroft – Apr 24, 2013 at 11:32AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's ex-dividend week for ITV, Admiral, and The Weir Group.

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.

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 1.

ITV (ITV -4.25%)
Wednesday is the day for ITV after the television company declared a final dividend of 1.8 pence per share on March 21. That takes the total dividend for the year ending Dec. 31 to 2.6 pence per share for a yield of 2.5% on the year-end share price of 105.2 pence. Since then, the price has risen to 127 pence, bringing the yield down to 2.1% on today's price.

But an ordinary annual dividend is not all shareholders will enjoy: There will also be a special dividend of 4 pence per share. We were told: "Over the last three years we have made significant progress in transforming the Group-commercially, creatively and financially."

Admiral (ADM 0.31%)
On March 6, insurer Admiral Group announced a 20% rise in its dividend for the full year to December 2012, with a final dividend of 45.5 pence per share taking the total up to 90.6 pence. Based on December's closing share price of 1,160 pence, that represented an attractive yield of 7.8% -- and even on today's price of 1,349 pence, it's still 6.7%.

Those dividend levels look unlikely to be maintained, however, with City analysts currently forecasting a fall to around 83 pence per share for 2013 and 74 pence for 2014.

Weir (WEIR -2.59%)
Weir Group will go ex-dividend with respect to its 30 pence final dividend, announced on Feb. 27. For the full year to Dec. 28, the engineering group, which caters to the mining, power, and oil and gas industries, is set to pay a total dividend of 38 pence per share. That's a 15% rise on 2011's payment and amounts to a yield of 2% based on the Dec. 28 share price of 1,876 pence. Once again, the price has risen, taking the yield down to 1.8% on today's price of 2,175 pence.

Finally, dividends like these can add nicely to your investment returns -- they can be spent or reinvested, according to your needs. Whether you're investing for income or growth, good old cash is always welcome. And that's why I recommend the brand-new Fool report "The Motley Fool's Top Income Share For 2013," in which our top analysts identify a share that they believe will provide handsome dividend income for years to come. But it will only be available for a limited period, so click here to get your copy today.

Alan Oscroft has no position in any stocks mentioned. The Motley Fool recommends Weir Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

ITV plc Stock Quote
ITV plc
ITV
$55.38 (-4.25%) $-2.46
The Weir Group PLC Stock Quote
The Weir Group PLC
WEIR
$1,429.00 (-2.59%) $-38.00
Admiral Group plc Stock Quote
Admiral Group plc
ADM
$1,932.50 (0.31%) $6.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
342%
 
S&P 500 Returns
107%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.