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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on September 11

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Marvell Technology Group, Apollo Investment Corporation, and Medical Properties Trust are on the list.

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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. Dividends are paid on the dividend record date, usually two business days after the ex-dividend date.

Purchasers must own a stock several days prior to the dividend record date to get the dividend. Those purchasing right before the 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 effect 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 stocks that schedule September 11 as their ex-dividend date. All annual yields are estimated.

Apollo Investment Corporation (AINV) yields 9.77% annually and has a market cap of $1.66 billion. The investment company will pay a quarterly dividend of $0.20 on October 4. Its quarterly yield will be 2.44% based on last Friday's closing price of $8.19. The company has been paying a quarterly dividend since the middle of 2004. The dividend has declined from a high of $0.52 in 2008.

Medical Properties Trust (MPW) yields 7.44% annually and has a market cap of $1.46 billion. The health care company will pay a quarterly dividend of $0.20 on October 11. Its quarterly yield will be 1.86% based on last Friday's closing price of $10.75. The company has been paying a quarterly dividend since the middle of 2005.

Golar LNG (GLNG) yields 3.57% annually and has a market cap of $3.15 billion. The liquefied natural gas carriers operator will pay a quarterly dividend of $0.40 on September 27. This dividend results in a quarterly yield of 1.02% based on last Friday's closing price of $39.21. The company has been paying a quarterly dividend since 2007, except for 2009 when no dividend was paid. The company's quarterly dividend has been increased twice this year.

MDU Resources Group (MDU) yields 2.99% annually. The energy and transportation infrastructure company has a market cap of $4.24 billion and will pay a quarterly dividend of $0.1675 on October 1. Its quarterly yield will be 0.75% based on last Friday's closing price of $22.43. The company has been paying a quarterly dividend since the fourth quarter of 1987; each quarter, the dividend has only increased in value or remained the same from the previous quarter.

Marvell Technology Group (MRVL) yields 2.29% annually and has a market cap of $5.89 billion. The fabless semiconductor company will pay a quarterly dividend of $0.06 on October 4. Its quarterly yield will be 0.57% based on yesterday's closing price of $10.48. The company began paying a quarterly dividend this year.



These companies also have their ex-dividend date on September 11. All annual yields are estimated.

NTELOS Holding (NTLS) yields 6.44% annually and will pay a quarterly dividend of $0.42 on October 11.

T. Rowe Price Group (TROW) yields 2.15% annually and will pay a quarterly dividend of $0.34 on September 27.

Ingersoll-Rand (IR) yields 1.39% annually and will pay a quarterly dividend of $0.16 on September 28.

PolyOne Corporation (POL) yields 1.25% annually and will pay a quarterly dividend of $0.05 on October 5.

Franco-Nevada Corporation (FNV) yields 0.88% annually and will pay a monthly dividend of $0.05 on September 27.

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

(See also: 11 High-Quality Dividend-Paying Stocks to Consider Ahead of First Quarter)

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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