3 FTSE 100 Shares Going Ex-Dividend Next Week: SSE PLC, Investec plc And Fenner plc

It’s ex-dividend time for SSE PLC (LON: SSE), Investec plc (LON: INVP) and Fenner plc (LON: FENR).

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

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.

If you want to be eligible for a dividend payment, or if you’re watching for possible share price falls, keeping up with ex-dividend dates can prove beneficial — as long as you hold the shares up to and including that day, you’ll get your money.

We have just one company in the FTSE 100 reaching that crucial date next week, together with a few from the FTSE 250. Here are three that will go ex-dividend next Wednesday, 31 July:

SSE

When it comes to dividends, few are more keenly watched that those from utilities companies, which are a huge attraction to income investors in these low-interest days. Electricity supplier SSE (LSE: SSE) is one of them, with a final dividend of 59p per share to come.

That takes the full-year dividend to 84.2p per share, for a yield of 5.2% on the current share price of 1,611p. And that’s not bad at all — well ahead of the FTSE average of around 3.2%, and more reliable than most. In fact, SSE has been regularly boosting its annual payout along with earnings every year, and that looks set to continue.

Investec

It’s also full-year dividend time for Investec (LSE: INVP). The specialist banker and investment manager announced a final dividend of 10p per share to take its total payout for the year to 18p, up 5.9% on the previous year. The dividend is more than twice covered, which is an improvement on the previous year’s cover which came in at just under two.

With the share price currently standing at 459p, that 18p-per-share payment represents a yield of 3.9%, which is decent. And with a couple of years of earnings growth forecast, it looks like there will be further dividend rises to come.

Fenner

Our third for next week is Fenner (LSE: FENR), the maker of specialist reinforced polymers. This time it’s a first-half dividend, of 3.75p per share. That represents a lift of 7% over the previous year’s interim of 3.5p. Although underlying pre-tax profit fell by 26%, Fenner said it is confident of a return to growth for 2013-14, and told us the dividend rise was a reflection of confidence in earnings prospects.

It’s too early to guess at Fenner’s final dividend, but a similar 7% boost would take it to 11.2p — with the shares currently changing hands at 346p, that would provide a 3.2% yield.

Finally, dividends like these can add nicely to your investment returns — they can be spent or reinvested according to your needs. Whether 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 does not own any shares mentioned in this article.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Investing Articles

Black father and two young daughters dancing at home
Investing Articles

1 FTSE 250 stock I own, and 1 I’d love to buy

Our writer explains why she’s eyeing up this FTSE 250 growth phenomenon, and may buy more shares in this property…

Read more »

View of Tower Bridge in Autumn
Investing Articles

The FTSE 100 is closing in on 8,000 points! Here’s what I’m buying before it’s too late!

As the FTSE 100 keeps gaining momentum, this Fool is on the lookout for bargains. Here's one stock he'd willingly…

Read more »

Investing Articles

3 ideas to help investors aim for a million-pound Stocks & Shares ISA

The UK has a growing number of Stocks and Shares ISA millionaires, and this plan may be one of the…

Read more »

Illustration of flames over a black background
Investing Articles

2 red-hot UK growth stocks to consider buying in April

These two growth stocks are performing well, but can they continue to deliver for investors through 2024 and beyond?

Read more »

Charticle

Is JD Sports Fashion one of the FTSE 100’s best value stocks? Here’s what the charts say!

The JD Sports Fashion share price remains a wild ride during the first quarter. Could it be one of the…

Read more »

Investing Articles

Could the JD Sports Fashion share price double in the next five years?

The JD Sports Fashion share price has nearly halved in the past five years. Our writer thinks a proven business…

Read more »

Bus waiting in front of the London Stock Exchange on a sunny day.
Investing Articles

If interest rate cuts are coming, I think these UK growth stocks could soar!

Falling interest could be great news for UK growth stocks, especially those that have been under the cosh recently. Paul…

Read more »

Investing Articles

Are these the best stocks to buy on the FTSE right now?

With the UK stock market on the way to hitting new highs, this Fool is considering which are the best…

Read more »