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X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on November 13

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ARMOUR Residential REIT, Just Energy Group, and Exelon Corporation 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. 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 13 as their ex-dividend date. All annual yields are estimated.

ARMOUR Residential REIT (NYSE:ARR) yields 15.49% annually and has a market cap of $2.15 billion. The mortgage real estate investment trust, or REIT, will pay a monthly dividend of $0.09 on November 29, and its monthly yield will be 1.29% based on Friday's closing price of $6.97. The REIT began paying a monthly dividend in 2010.

Just Energy Group (NYSE:JE) yields 12.36% annually and has a market cap of $1.39 billion. Just Energy Group engages in the sale of natural gas and electricity to residential and commercial customers under the Just Energy, Hudson Energy, Commerce Energy, Amigo Energy, and Tara Energy trade names in Canada and the United States. It will pay a monthly dividend of $0.1033 on November 30, and its monthly yield will be 1.03% based on Friday's closing price of $10.03. The company began paying a monthly dividend this year.

Exelon Corporation (NYSE:EXC) yields 6.75% annually and has a market cap $26.55 billion. Exelon Corporation, a utility services holding company, engages in the energy generation and distribution business in the United States. It will pay a quarterly dividend of $0.525 on December 10, and its quarterly yield will be 1.69% based on Friday's closing price of $31.11. The company has paid a quarterly dividend since 1980.

National CineMedia (NASDAQ:NCMI) yields 6.30% annually and has market cap of $762.52 million. National CineMedia, through its subsidiaries, operates a digital in-theatre media network in North America. It will pay a quarterly dividend of $0.22 on November 29, and its quarterly yield will be 1.57% based on Friday's closing price of $13.97. The company has paid a quarterly dividend since the second half of 2007.

Healthcare Realty Trust (NYSE:HR) yields 5.11% annually and has a market cap of $1.80 billion. The REIT will pay a quarterly dividend of $0.30 on November 30, and its quarterly yield will be 1.29% based on Friday's closing price of $23.47. The REIT has paid a quarterly dividend since the end of 1993, and the dividend payment is down from a high of $0.66 in 2007.

These companies also have their ex-dividend date on November 13. All annual yields are estimated.

Eli Lilly (NYSE:LLY) yields 4.13% annually and will pay a quarterly dividend of $0.49 on December 10.

DuPont (NYSE:DD) yields 3.97% annually and will pay a quarterly dividend of $0.43 on December 14.

Microsoft (NASDAQ:MSFT) yields 3.19% annually and will pay a quarterly dividend of $0.23 on December 13.

Starbucks (NASDAQ:SBUX) yields 1.65% annually and will pay a quarterly dividend of $0.21 on November 30.

Goldcorp (NYSE:GG) yields 1.22% annually and will pay a quarterly dividend of $0.045 on November 23.

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

Twitter: @ChrisWitrak
Position in MSFT..
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