BAE Systems plc (LON: BA), ARM Holdings plc (LON: ARM) and Fresnillo Plc (LON: FRES) have their ex-dividend dates next week.
Next week is quite a busy one for FTSE 100 ex-dividend dates, and it pays to plan ahead if you want to buy in time to be eligible for a firm's payment -- or if you're hoping for a bargain price drop when the time has passed.
The FTSE 100's current average dividend yield is around 3.1%, and we have three companies coming up next week that are well spread around that figure. The following three will go ex-dividend on Wednesday 17 April:
BAE Systems (LSE: BA) (NASDAQOTH: BAESY.US) will go ex-dividend on Wednesday with respect to its final dividend of 11.7p per share, as announced on 21 February. Although underlying earnings per share fell a little, to 38.9p from the previous year's 39.7p, the firm lifted its total payment by 4% to 19.5p per share, and reiterated its policy of maintaining future dividends at a sustainable cover of around two times underlying earnings.
The total dividend of 19.5p per share represents a yield of 5% on the current share price of 385p, with the final payment alone providing 3%.
Wednesday is ex-dividend day for ARM Holdings (LSE: ARM) (NASDAQ: ARMH.US), too. The chip designer is not exactly known as a cash cow when it comes to dividends, but it did announce a 2.83p per share final dividend on 5 February for an annual total of 4.5p. Even if that does only provide a yield of half a percent on today's share price of 879p, it is up 29% on the previous year.
A further rise of around 15%, to about 5.2p per share, is currently forecast for the year to December 2013.
And somewhere in between BAE and ARM in terms of yield comes gold and silver miner Fresnillo (LSE: FRES), also with the same ex-dividend date. This time it relates to a final dividend of 42.4 cents per share. Added to September's interim payment of 15.5 cents, that brings the total for the year to 57.9 cents per share -- and that's a yield of around 2.8% on today's share price of 1,335p, at current exchange rates.
That share price has slumped, though, having lost a third of its value since last November's levels of around the 2,000p mark.
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> Alan does not own any shares mentioned in this article.