3 FTSE 100 shares with ex-dividend dates next week!

Fancy grabbing some juicy dividends in the coming weeks? These FTSE 100 shares all go ex-dividend during the next seven days.

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The dividends have kept coming thick and fast from FTSE 100 shares. Payments announced over the summer have steadily streamed in, or at least gone past their ex-dividend dates.

When a share goes ex-dividend, it means the company has declared a dividend, but the cut-off date to be eligible for that payout’s passed. Investors who buy the stock on or after the ex-dividend date aren’t entitled to claim the upcoming dividend.

Some of the UK’s biggest blue-chip shares have gone ex-dividend today. These are Centrica, Hargreaves Lansdown, Smith & Nephew, Weir Group, and Phoenix Group Holdings.

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Another three stocks from the Footsie will join the ex-dividend club next week too, on 10 October.

The 3 shares about to go ex-dividend

These are:

FTSE 100 stockDividend per shareDividend typePayment dateDividend yield
Taylor Wimpey (LSE:TW.)4.8pInterim15 November5.6%
WPP15pInterim1 November4.9%
Kingfisher3.8pInterim15 November3.6%

Investors who buy in before these ex-dividend dates can grab a dividend around four-to-six weeks from now.

Purchasing before these cut-off dates is a popular idea with share investors who invest for income, and for those that follow the ‘dividend capture strategy’. This investing concept involves buying a share before the ex-dividend date to claim the dividend and then selling up shortly afterwards.

But there’s an important thing to remember here. On the ex-dividend date, a company’s share price usually falls by roughly the amount of the dividend because new investors aren’t eligible to receive it.

So a stock that’s due to pay a 10p per share cash reward and closes at 100p per share, for instance, might open at 90p on the ex-dividend date. Bear in mind though, that other factors (such as broader market conditions and company-specific news) might see it open above or below 90p.

A Foolish takeaway

Created with Highcharts 11.4.3Taylor Wimpey Plc PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.co.uk

It’s my opinion that Taylor Wimpey might be a great dividend share to consider today. This may not be a surprise to regular readers who know I own it in my Stocks and Shares ISA.

Not only does the housebuilder offer that large 5.6% dividend yield for 2024, but expectations of a larger 9.64p per share cash reward for 2025 drives the yield to a substantial 5.8%. That’s up from a predicted 9.38p this year.

It’s important to note that dividends cover’s pretty poor for the period however. In fact, this year’s predicted dividend is higher than expected earnings of 8.07p per share. And 2025’s anticipated reward is barely covered by forecast earnings of 10.38p.

But signs of recovery in the UK homes market — combined with Taylor Wimpey’s strong balance sheet — give current dividend forecasts serious credibility. The FTSE firm also had net cash of £584m as of June.

Given the bright long-term outlook for the housing market, this could be a great passive income share for years.

But what does the head of The Motley Fool’s investing team think?

Should you invest £1,000 in Burberry Group Plc right now?

When investing expert Mark Rogers has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets.

And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Burberry Group Plc made the list?

See the 6 stocks

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.

Royston Wild has positions in Taylor Wimpey Plc. The Motley Fool UK has recommended Hargreaves Lansdown Plc, Smith & Nephew Plc, and Weir Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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This seems ridiculous, but we almost never see shares looking this cheap. Yet this recent ‘Best Buy Now’ has a price/book ratio of 0.51. In plain English, this means that investors effectively get in on a business that holds £1 of assets for every 51p they invest!

Of course, this is the stock market where money is always at risk — these valuations can change and there are no guarantees. But some risks are a LOT more interesting than others, and at The Motley Fool we believe this company is amongst them.

What’s more, it currently boasts a stellar dividend yield of around 8.5%, and right now it’s possible for investors to jump aboard at near-historic lows. Want to get the name for yourself?

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