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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on November 15


LyondellBasell Industries, Talisman Energy, and AmerisourceBergen are on the list.

MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date tomorrow, 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 stocks that schedule November 15 as their ex-dividend date. All annual yields are estimated.

LyondellBasell Industries (NYSE:LYB) yields 3.20% annually and has market cap of $28.79 billion. LyondellBasell Industries manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. It will pay a quarterly dividend of $0.40 on December 11, and its quarterly yield will be 0.80% based on yesterday's closing price of $50.06. The company began paying a quarterly dividend last year.

Talisman Energy (NYSE:TLM) yields 2.28% annually and has a market cap of $11.70 billion. Talisman Energy, an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It will pay a semi-annual dividend of $0.0675 on December 31, and its quarterly yield will be 1.79% based on yesterday's closing price of $11.41. The company has paid a semi-annual dividend since 2001, except in 2010 when it paid just one dividend.

AmerisourceBergen (NYSE:ABC) yields 2.06% annually and has a market cap of $9.89 billion. AmerisourceBergen, a pharmaceutical services company, provides drug distribution and related services to health care providers and pharmaceutical manufacturers primarily in the United States and Canada. It will pay a quarterly dividend of $0.21 on December 3, and its monthly yield will be 0.52% based on yesterday's closing price of $40.71. The company has paid a quarterly dividend since the end of 2001, and each dividend payment has either increased or remained the same from the prior quarter.
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Position in PAAS.
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