Morning Wrap: ASX 200 Set for Gains, S&P 500 Ends Losing Streak, Nvidia Surpasses Earnings Projections

by admin

Stock Market Update: Key Dividends and Corporate Actions

Upcoming Ex-Dividend Dates:

Investors should take note of the following stocks that will be trading ex-dividend soon:

  • Thursday, 21 May: Orica (ORI) will declare a dividend of $0.285.
  • Friday, 22 May: No companies scheduled for ex-dividend.
  • Monday, 25 May:
    • Aristocrat Leisure (ALL) – $0.50
    • Embark Early Education (EVO) – $0.015
  • Tuesday, 26 May:
    • Elders (ELD) – $0.18
    • Newmont (NEM) – $0.254

Corporate Actions on the ASX:

In other corporate news for today, several significant events are scheduled:

  • Dividends Paid: Myer (MYR) has distributed dividends.
  • Initial Public Offerings (IPOs): SkinKandy (SK1) will launch at 12:30 pm.
  • Earnings Reports: The Australian Agricultural Company (AAC) is scheduled to release its earnings.
  • Annual General Meetings (AGMs): Key companies including Karoon Energy (KAR), Nine Entertainment (NEC), Ventia Services (VNT), and Viva Energy (VEA) will hold their AGMs today.

Economic Calendar (AEST):

The economic calendar for today includes several vital indicators that will provide insights into the Australian economy and beyond:

  • 9:00 am: Release of the Australia S&P Manufacturing and Services PMI.
  • 11:30 am: Announcement of the Australia Unemployment Rate.
  • 6:00 pm: Eurozone S&P Manufacturing and Services PMI data will be published.
  • 6:30 pm: The UK S&P Manufacturing and Services PMI will also be revealed.

This information is crucial for investors and analysts monitoring market movements and assessing economic health as companies report their financial performances and economic indicators are released. Stay tuned for more insights and analyses.

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