Key Highlights

• Michael Hill International (ASX:MHJ) goes ex-dividend on 7 September 2026 with a $0.02 unfranked final Dividend payable 22 September 2026, marking the reinstatement of dividends after a year in which comparable EBIT rose 57% to $24.0 million, statutory NPAT jumped 376% to $10.0 million, and group Revenue reached a record $655.7 million with same store sales growth across all three markets.

• Super Retail Group (ASX:SUL) goes ex-dividend on 7 September 2026 with a $0.33 fully franked Interim Dividend payable 29 September 2026 at a 100% payout ratio, backed by its diversified four-brand retail portfolio spanning Supercheap Auto, BCF, Rebel Sport, and Macpac across Australia and New Zealand.

• Adairs (ASX:ADH) goes ex-dividend on 7 September 2026 with a $0.06 fully franked interim dividend payable 1 October 2026 at a 100% payout ratio, as the home furnishings retailer distributes the full interim period Earnings to shareholders.

• In total, eleven ASX stocks go ex-dividend on Monday, 7 September 2026, spanning retail, gold mining, Wealth platforms, Marketing agencies, satellite communications, and financial advice — with dividends ranging from 0.75 cents per share (WTL) to 42 cents per share (HUB24), and franking statuses varying across the cohort.

Michael Hill International Limited (ASX:MHJ), Super Retail Group Limited (ASX:SUL), and Adairs Limited (ASX:ADH) — and their ex-dividend moments arrive against a backdrop of an Australian consumer discretionary environment that has tested retailers over recent years. Beyond the retail trio, the broader ex-dividend cohort on this date spans Perseus Mining (ASX:PRU), HUB24 (ASX:HUB), Pro Medicus (ASX:PME), Alkane Resources (ASX:ALK), Enero Group (ASX:EGG), Beam Communications (ASX:BCC), and WT Financial Group (ASX:WTL), making 7 September one of the more concentrated ex-dividend dates of the September quarter.

Michael Hill International (ASX:MHJ) — Dividend Reinstated After Turnaround Year

Michael Hill International goes ex-dividend on 7 September 2026, distributing a $0.02 per share unfranked final dividend payable on 22 September 2026 at a 50% payout ratio. The payment is the reinstatement of Michael Hill's dividend programme after no final dividend was declared in FY25 — making it a qualitatively significant milestone in the Company's turnaround narrative. The decision to resume distributions is supported by a FY26 result that delivered across multiple dimensions simultaneously: record group revenue, sharply higher profitability, and a materially improved balance sheet.

Group revenue for FY26 reached a record $655.7 million, up 1.9% on FY25 (4.1% on a constant currency basis). Same store sales (SSS) growth of 3.0% was delivered across all three markets — Canada achieved SSS growth of 7.0%, Australia 4.8%, and New Zealand 3.6% — with the momentum from the first half continuing into the second half. Comparable EBIT reached $24.0 million, up 57% from $15.3 million in FY25, driven by the combination of revenue growth and a 70 basis point improvement in Cost of Doing Business as a percentage of revenue to 57.1%. Statutory NPAT reached $10.0 million, compared with $2.1 million in FY25 — a 376% increase, albeit off a very low base. Group net Debt declined from $41.9 million at the end of FY25 to $5.5 million, a $36.3 million improvement reflecting sustained positive cash generation. Gross Margin was held flat at 60.5% despite elevated precious metal costs — a relevant operational achievement for a jewellery retailer with significant gold procurement requirements. The unfranked nature of the $0.02 dividend reflects MHJ's operating structure, which includes significant non-Australian earnings from Canada.

Super Retail Group (ASX:SUL) — $0.33 Fully Franked Interim at 100% Payout

Super Retail Group goes ex-dividend on 7 September 2026 with a $0.33 per share fully franked interim dividend, payable on 29 September 2026 at a 100% payout ratio. The Company operates four specialty retail brands across Australia and New Zealand: Supercheap Auto (automotive accessories and parts), BCF (boating, camping, and fishing equipment), Rebel Sport (sporting goods), and Macpac (outdoor apparel and equipment). The four-brand structure provides Diversification across consumer spending occasions within the broader lifestyle and recreation category.

The $0.33 per share quantum at a 100% interim Payout Ratio means the full earnings attributable to the interim period are being distributed to shareholders, with no retention for business reinvestment from this payment. The fully franked status provides eligible Australian shareholders with franking credits representing corporate tax paid on the underlying earnings — a meaningful after-tax consideration for shareholders in higher marginal tax brackets. Super Retail Group operates in consumer discretionary retail, a sector that has navigated elevated cost-of-living pressures and Interest Rate impacts on household budgets over the past two financial years in Australia. The FY26 result underpinning this interim dividend was released on 20 August 2026, and the per-brand trading performance across Supercheap Auto, BCF, Rebel, and Macpac provides the detail behind the aggregate earnings outcome.

Adairs (ASX:ADH) — $0.06 Fully Franked Interim at 100% Payout

Adairs Limited goes ex-dividend on 7 September 2026, distributing a $0.06 per share fully franked interim dividend payable on 1 October 2026 at a 100% payout ratio. Adairs operates the Adairs Brand — a specialty retailer of bedding, home furnishings, and homewares targeting the middle-to-premium consumer segment — and the Mocka brand, an online furniture and homewares retailer at a more value-oriented price point. Both brands serve the home interior category, where purchasing activity is influenced by housing market conditions, consumer confidence, and household renovation cycles.

The 100% interim payout ratio means no earnings from the interim period are retained, making future dividend sustainability entirely dependent on continued earnings generation. The fully franked $0.06 payment carries attached franking credits representing the 30% corporate tax already paid, which may reduce Personal Income tax payable for eligible Australian shareholders or generate a tax refund for those in lower tax brackets. The home furnishings and bedding retail segment operates within the broader Australian consumer discretionary environment, where cost-of-living pressures have been a notable Factor influencing spending patterns over the FY25-FY26 period.

Conclusion

The three ASX specialty retailers going ex-dividend on 7 September 2026 — Michael Hill International (ASX:MHJ), Super Retail Group (ASX:SUL), and Adairs (ASX:ADH) — each tell distinct dividend stories rooted in their respective FY26 operating performances. MHJ's reinstated $0.02 unfranked payment carries symbolic weight as the first post-turnaround distribution, supported by a 57% rise in comparable EBIT and a $36.3 million improvement in net debt. SUL's $0.33 fully franked interim at 100% payout distributes the full interim earnings from a diversified four-brand retail portfolio. ADH's $0.06 fully franked interim similarly returns all interim earnings to shareholders in a fully franked format. Set within the broader eleven-stock ex-dividend cohort of 7 September, the retail trio sits alongside some of the ASX's best-performing and most-watched companies across gold, technology, and financial services — a coincidence of calendar timing rather than operational commonality, but one that makes the Monday session worth tracking for income investors across multiple sectors.