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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on December 19

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Equity Residential, The Chubb Corporation, and Jefferies Group are on the list.

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MINYANVILLE ORIGINAL Nineteen stocks will reach their ex-dividend date next Wednesday 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 19 as their ex-dividend date. All annual yields are estimated.

Equity Residential (NYSE:EQR) yields 3.21% annually and has a market cap of $17.84 billion. Equity Residential, a real estate investment trust, or REIT, engages in the acquisition, development, and management of multifamily properties in the United States. It will pay a quarterly dividend of $0.7675 on January 11, 2013 and its quarterly yield will be 1.39% based on yesterday's closing price of $55.37. The REIT has paid a quarterly dividend since the second half of 1993, and the dividend is down from a high of $0.48 in 2009.

The Chubb Corporation (NYSE:CB) yields 2.12% annually and has a market cap $20.30 billion. The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals. It will pay a quarterly dividend of $0.41 on January 8, 2013 and its quarterly yield will be 0.53% based on yesterday's closing price of $77.44. The company has paid a quarterly dividend since the end of 1984, and each dividend payment has either increased or remained the same from the prior quarter.

Jefferies Group (NYSE:JEF) yields 1.63% annually and has a market cap of $3.88 billion. Jefferies Group, together with its subsidiaries, operates as a securities and investment banking company in the Americas, Europe, and Asia. Jefferies accelerated its next quarterly dividend of $0.075 to be paid on December 31 instead of in 2013. The yield of this special dividend will be 0.41% based on yesterday's closing price of $18.35. The company has paid a quarterly dividend since 1988, and the dividend is down, after adjusting for stock splits, from a high of $0.13 in 2008.

Coventry Health Care (NYSE:CVH) yields 1.12% annually and has a market cap of $6.03 billion. Coventry Health Care, operates as a managed health-care company in the United States. It will pay a quarterly dividend of $0.125 on January 7, 2013 and its quarterly yield will be 0.28% based on yesterday's closing price of $44.63. The company began paying a quarterly dividend this year.

Chicago Bridge & Iron Company (NYSE:CBI) yields 0.48% annually and has market cap of $4.04 billion. Chicago Bridge & Iron Company provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to energy and natural resource industries worldwide. It will pay a quarterly dividend of $0.05 on December 31, and its quarterly yield will be 0.12% based on yesterday's closing price of $41.34. The company has paid a quarterly dividend since 1997, 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 19. All annual yields are estimated.

Capitol Federal Financial (NASDAQ:CFFN) yields 5.95% annually and will pay a quarterly dividend of $0.52 on December 28.

LTC Properties (NYSE:LTC) yields 5.32% annually and will pay a quarterly dividend of $0.155 on December 31.

Vina Concha y Toro (NYSE:VCO) yields 0.96% annually and will pay a quarterly dividend of $0.0985, but the pay day has not been officially announced yet.

Eagle Materials (NYSE:EXP) yields 0.73% annually and will pay a quarterly dividend of $0.10 on January 23, 2013.

Advance Auto Parts (NYSE:AAP) yields 0.33% and will pay a quarterly dividend of $0.06 on January 4, 2013.

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

Twitter: @ChrisWitrak
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