KEY POINTS
- To qualify for a dividend, you must own the shares before the ex-dividend date. Buy on or after it, and the payout goes to the seller.
- Four fully franked ASX names go ex before 30 June: WCM Global Growth (ASX: WQG) ex 10 June, Future Generation Global (ASX: FGG) 3.0c special ex 11 June, Select Harvests (ASX: SHV) ex 17 June, and WAM Active (ASX: WAA) 1.0c special ex 17 June.
- The share price usually falls by about the dividend on the ex-date, and the ATO’s 45-day rule blocks a quick grab of franking credits, so the date is a deadline, not a reason to buy.
- Always check the franking: unfranked dividends and NZ-listed names (which pay imputation credits) are worth less after tax to Australian investors.
The end of the financial year is almost here, and for income investors, one date matters more than 30 June itself: the ex-dividend date. To collect a company’s next dividend, you must own the shares before they trade ex-dividend. Buy on or after that day, and the payout goes to the seller, not you. So here is a watchlist, not a buy list, of ASX names going ex before EOFY and what to check first.
How Ex-Dividend Dates Work (and Why Timing Matters)
Think of the ex-dividend date as a cut-off. Own the shares the day before, and you qualify, even if you sell the next morning. Buy on the day itself, and you miss this round. There is a catch. On the ex-date, the share price usually falls by roughly the dividend, because that cash is leaving the company, so the payout and the price drop tend to cancel out in the short term.
For Australians, the real prize is franking. A fully franked dividend carries a credit for tax the company has already paid, which can cut your tax bill or even be refunded if your rate is low. But to keep those credits, the 45-day rule asks you to hold the shares at risk for at least 45 days around the ex-date. That is why a quick in-and-out rarely works.
ASX Dividend Stocks Approaching Their Ex-Dividend Dates
June is a quiet month for franked dividends, since the big banks go ex in February and August. Here are four fully franked names with confirmed June ex-dates.
WCM Global Growth (ASX: WQG), a listed investment company holding global shares, has declared a fully franked 2.21 cent dividend, ex-dividend on 10 June and paid on 30 June. The income is genuinely franked even though the assets sit offshore.
Select Harvests (ASX: SHV), the almond grower, has declared a 3.5 cent fully franked interim dividend, ex-dividend on 17 June. At that level, the appeal is the full franking, not a large headline yield.
Two more LICs are paying fully franked special dividends before EOFY, in addition to their regular payouts. Future Generation Global (ASX: FGG) has a 3.0 cent special, ex-dividend on 11 June, and WAM Active (ASX: WAA) has a 1.0 cent special, ex-dividend on 17 June. Both are one-off bonuses, not income you can count on every year.
One warning: not every June payer suits an Australian portfolio. Some dividends are unfranked, and New Zealand-listed shares pay imputation credits that Australians generally cannot use, so always check the franking, not just the cents. Dates can change, so confirm each on the company’s ASX announcement before acting.
The Investor’s Takeaway for ASX Dividend Stocks
Here is the honest part: chasing a dividend for the payout alone rarely pays off. The price usually drops by about the dividend on the ex-date, so the cash you collect in one hand tends to leave the other, and the 45-day rule stops you from grabbing franking credits on a quick in-and-out. The date is a deadline, not a reason to buy.
So use the EOFY window the right way. If one of these companies is already on your list and you plan to hold it, an upcoming ex-date is a small, fully franked bonus. If not, let it pass. The investors who build real income are not the ones racing the calendar in late June; they already own quality, well-franked businesses long before the deadline matters.
Want the ASX dividend stocks we think offer the most reliable, well-franked yields? Join the free Stocks Down Under newsletter for our full income watchlist, and see our ASX dividend stocks guide for where to start.
