X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on November 5

By Christopher Witrak  NOV 02, 2012 10:45 AM

Rentech Nitrogen Partners, Eagle Rock Energy Partners, and PVR Partners are on the list.

 


MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Monday, which is significant for investors as the seller of the stock on that date, not the buyer, receives the most recent dividend.

A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.

It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor’s account.

Below are five high-yield stocks that schedule November 5 as their ex-dividend date. All annual yields are estimated.

Rentech Nitrogen Partners (NYSE:RNF) yields 8.50% annually and has a market cap of $1.55 billion. Rentech Nitrogen Partners engages in the production of natural gas-based nitrogen fertilizer and industrial products for agricultural uses. It will pay a quarterly dividend of $0.85 on November 14, and its quarterly yield will be 2.13% based on yesterday’s closing price of $40.00. The company began paying a quarterly dividend this year.

Eagle Rock Energy Partners (NASDAQ:EROC) yields 8.71% annually and has a market cap of $1.36 billion. Eagle Rock Energy Partners together with its subsidiaries, engages in gathering, compressing, treating, processing, transporting, marketing, and trading natural gas, as well as fractionating and transporting natural gas liquids (NGL). It will pay a quarterly dividend of $0.22 on November 14, and its quarterly yield will be 2.18% based on yesterday's closing price of $10.10. The company has paid a quarterly dividend since 2007.

PVR Partners (NYSE:PVR) yields 8.43% annually and has a market cap of $2.24 billion. PVR Partners engages in the management of coal and natural resource properties, and the gathering and processing of natural gas in the United States. It will pay a quarterly dividend of $0.54 on November 14, and its quarterly yield will be 2.11% based on yesterday’s closing price of $25.62. The company has paid a quarterly dividend since 2002, and each dividend payment has either increased or remained the same from the prior quarter. KKR Financial Holdings (NYSE:KFN) yields 8.08% annually and has market cap of $1.85 billion. KKR Financial Holdings, together with its subsidiaries, operates as a specialty finance company with expertise in a range of asset classes. It will pay a quarterly dividend of $0.21 on November 21, and its quarterly yield will be 2.02% based on yesterday’s closing price of $10.40. The company has paid a quarterly dividend since the end of 2005.

CVR Partners (NYSE:UAN) yields 7.16% annually and has a market cap of $2.03 billion. CVR Partners engages in the production, distribution, and marketing of nitrogen fertilizers in North America. It will pay a quarterly dividend of $0.496 on November 14, and its quarterly yield will be 1.79% based on yesterday’s closing price of $27.64. The company has paid a quarterly dividend since the middle of 2011.

These companies also have their ex-dividend date on November 5. All annual yields are estimated.

New York Community Bancorp (NYSE:NYB) yields 7.09% annually and will pay a quarterly dividend of $0.25 on November 16.

Inergy Midstream (NYSE:NRGM) yields 6.59% annually and will pay a quarterly dividend of $0.385 on November 14.

Alliance Resource Partners (NASDAQ:ARLP) yields 6.57% annually and will pay a quarterly dividend of $1.085 on November 14.

Atlas Pipeline Partners (NYSE:APL) yields 6.38% annually and will pay a quarterly dividend of $0.57 on November 14.

MarkWest Energy Partners (NYSE:MWE) yields 5.90% annually and will pay a quarterly dividend of $0.81 on November 14.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.

Twitter: @ChrisWitrak
No positions in stocks mentioned.