3 FTSE 100 Shares Going Ex-Dividend Next Week


LONDON -- 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. So long as you hold the shares up to and including that day, you'll get your dividend money.

We have a number of companies from the FTSE 100 reaching their crucial dates next week. Here are three that will go ex-dividend next Wednesday, June 19.

Severn Trent
Severn Trent declared a final dividend of 45.51 pence per share in May to provide a full-year dividend of 75.85 pence per share -- a rise of 8.2% on the previous year. That provides a yield of 4.3% on a share price of 1,760 pence. At the same time, the water company said its full-year dividend would be lifted by a further 6% to 80.4 pence per share, in line with the group's policy of maintaining growth equal to Retail Price Index plus 3%.

The dividend was a point of contention regarding the recently rejected bid for Severn Trent from LongRiver Partners, with the water supplier's board reckoning the £22 per-share bid did not take the payment properly into account.

United Utilities
United Utilities will go ex-dividend on the same day with respect to its final dividend of 22.88 pence per share. That adds to an interim payment to give a full-year total of 34.32 pence per share, and a yield of 4.7% on the current share price of 731 pence.

Along with other utilities companies, United Utilities has seen its share price pushed up of late as income-seekers move into the sector in search of dependable high yields, with the shares having risen to a P/E multiple of more than 17 based on forecasts for March 2014. However, if the yield can stay around 5%, that P/E rating could be fair value.

Land Securities
Our third for next week is Land Securities, the real-estate investment trust whose shares have risen to 903 pence this year. Again we're looking at a final dividend, of 7.6 pence per share this time, for a full-year payout of 29.8 pence per share -- a rise of 2.8%, for a yield of 3.3%.

The firm's current valuation appears to reflect optimism for the future of the real-estate market, with forecasts for the year to March 2014 putting the shares on a P/E of nearly 24 -- and the dividend is set to rise over the next two years, too.

Finally, dividends such as 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 they believe will provide handsome dividend income for years to come. But it will be available for a limited period only, so click here to get your copy today.

The article 3 FTSE 100 Shares Going Ex-Dividend Next Week originally appeared on Fool.com.

Alan Oscroft has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published