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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on December 10

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Ameren Corporation, Hewlett-Packard, and Guess are on the list.

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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 stocks that schedule December 10 as their ex-dividend date. All annual yields are estimated.

Ameren Corporation (NYSE:AEE) yields 5.34% annually and has a market cap of $7.18 billion. Ameren Corporation operates as a public utility holding company in Missouri and Illinois. It will pay a quarterly dividend of $0.40 on December 31, and its quarterly yield will be 1.87% based on yesterday's closing price of $29.58. The company has paid a quarterly dividend since 1998. The dividend is down from its high in 2008.

Hewlett-Packard (NYSE:HPQ) yields 4.12% annually and has a market cap of $25.28 billion. Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. It will pay a quarterly dividend of $0.132 on January 2, and its quarterly yield will be 1.03% based on yesterday's closing price of $12.87. The company has paid a quarterly dividend since 1992, and each dividend payment has either increased or remained the same from the prior quarter.

Guess (NYSE:GES) yields 3.11% annually and has a market cap of $2.17 billion. Guess designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities. It will pay a quarterly dividend of $0.20 and a special dividend of $1.20 on December 28, and its regular quarterly yield will be 0.78% based on yesterday's closing price of $25.75. The combined dividend yield of the quarterly dividend and the special dividend will be 5.44% based on yesterday's closing price. The company has paid a quarterly dividend since 2007, and each dividend payment has either increased or remained the same from the prior quarter.

KBR (NYSE:KBR) yields 0.72% annually and has a market cap of $4.09 billion. KBR operates as an engineering, construction, and services company worldwide. It will pay a quarterly dividend of $0.05 on December 28, and its quarterly yield will be 0.18% based on yesterday's closing price of $27.73. The company has paid a quarterly dividend since 2008

Anadarko Petroleum Corporation (NYSE:APC) yields 0.49% annually and has market cap of $36.88 billion. Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States, Algeria, and internationally. It will pay a quarterly dividend of $0.09 on December 26, and its quarterly yield will be 0.12% based on yesterday's closing price of $73.79. The company has paid a quarterly dividend since the end of 1987, and each dividend payment has either increased or remained the same from the prior quarter.

These companies also have their ex-dividend date on December 10. All annual yields are estimated.

Legg Mason (NYSE:LM) yields 1.73% annually and will pay a quarterly dividend of $0.11 on January 7.

Public Storage (NYSE:PSA) yields 3.09% annually and will pay a quarterly dividend of $1.10 on December 27.

Texas Roadhouse (NASDAQ:TXRH) yields 2.16% annually and will pay a quarterly dividend of $0.09 on December 28.

PolyOne Corporation (NYSE:POL) yields 0.99% annually and will pay a quarterly of $0.05 on January 7.

Broadridge Financial Solutions (NYSE:BR) yields 3.07% annually and will pay a quarterly dividend of $0.18 on January 2.

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

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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