Why are Transurban (ASX:TCL), Dexus, and Mirvac shares tumbling?

These ASX 200 stocks all have one thing in common today…
The post Why are Transurban (ASX:TCL), Dexus, and Mirvac shares tumbling? appeared first on The Motley Fool Australia. –

The share prices of ASX 200 companies Transurban Group (ASX: TCL), DEXUS Property Group (ASX: DXS), and Mirvac Group (ASX: MGR) are plummeting today.

At the time of writing, they’ve fallen 1.25%, 2.59%, and 1.82% respectively.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 0.1%.

So, what’s sent the three ASX 200 giants spiralling lower on Thursday? Let’s take a look.

What’s going on with some ASX 200 share prices today?

Many ASX 200 shares are trading ex-dividend on Thursday, including Transurban, DEXUS, and Mirvac.

That means, from today, any of the companies’ shares that swap hands won’t provide their buyer with the companies’ upcoming dividends.

Instead, the next dividend will be handed to the shares’ owner at the time of yesterday’s close.

For some stocks, that dividend represents a significant portion of its value.

For instance, the DEXUS share price closed yesterday trading at $11.38. It handed out a 28 cents unfranked dividend in February.

That means its dividend represented 2.46% of its share price at Wednesday’s close. Thus, likely as a result, its share price has fallen a similar amount today.

That’s because its dividend’s value is no longer built into that of its stock.

Transurban is handing its investors a 15 cent, unfranked dividend in February. Right now, the Transurban share price is $13.77.

Meanwhile, Mirvac has promised its shareholders a 5.1 cent, unfranked dividend to be paid in February. At the time of writing, the company’s stock is trading at $2.97.

The three popular ASX 200 companies’ shares aren’t the only ones suffering today. They are some of many stocks going ex-dividend on Thursday.

Charter Hall Group (ASX: CHC) and Shopping Centres Australasia Property Group Re Ltd (ASX: SCP) are also trading ex-dividend today. The value of their stock has slumped 0.49% and 2.46% respectively.

Meanwhile, the Goodman Group (ASX: GMG) share price is breaking the mould. It’s gaining 0.19% despite surpassing its ex-dividend date this morning.

The post Why are Transurban (ASX:TCL), Dexus, and Mirvac shares tumbling? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

ASX 200 (ASX:XJO) midday update: CBA rises, Sandfire’s MATSA update

Insiders have been buying Nuix (ASX:NXL) and this ASX share

5 things to watch on the ASX 200 on Thursday

2 buy-rated ASX dividend shares with growing yields

5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Shopping Centres Australasia Property Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!