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X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on November 2

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Energy Transfer Partners, Suburban Propane Partners, and Regency Energy Partners 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 2 as their ex-dividend date. All annual yields are estimated.

Energy Transfer Partners (NYSE:ETP) yields 8.36% annually and has a market cap of $10.53 billion. Energy Transfer Partners engages in the natural gas midstream and the intrastate transportation and storage businesses in the United States. It will pay a quarterly dividend of $0.8938 on November 14, and its monthly yield will be 2.08% based on yesterday's closing price of $42.94. The company has paid a quarterly dividend since 1997, and each dividend payment has either increased or remained from the prior quarter.

Suburban Propane Partners (NYSE:SPH) yields 7.93% annually and has a market cap of $1.52 billion. Suburban Propane Partners through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. It will pay a quarterly dividend of $0.8525 on November 13, and its quarterly yield will be 1.98% based on yesterday's closing price of $43.00. The company has paid a quarterly dividend since the second half of 1996, and each dividend payment has either increased or remained the same from the prior quarter.

Regency Energy Partners (NYSE:RGP) yields 7.89% annually and has a market cap of $3.93 billion. Regency Energy Partners engages in gathering, treating, processing, compressing, and transporting natural gas and natural gas liquids (NGLs). It will pay a quarterly dividend of $0.46 on November 14, and its quarterly yield will be 1.99% based on yesterday's closing price of $23.06. The company has paid a quarterly dividend since 2006, and each dividend payment has either increased or remained the same from the prior quarter.

Linn Co (NASDAQ:LNCO) yields 7.27% annually and has market cap of $1.19 billion. Linn Co focuses on the development and acquisition of oil and natural gas properties in the United States. It will pay a quarterly dividend of $0.71 on November 15, and its quarterly yield will be 1.82% based on yesterday's closing price of $39.06. This dividend will be the company's first dividend payment.

Spectra Energy Partners (NYSE:SEP) yields 6.59% annually and has a market cap of $2.93 billion. Spectra Energy Partners, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. It will pay a quarterly dividend of $0.49 on November 14, and its monthly quarterly will be 1.65% based on yesterday's closing price of $29.76. The company has paid a quarterly dividend since the end of 2007, and each dividend payment has either increased or remained the same from the prior quarter.

These companies also have their ex-dividend date on November 2. All annual yields are estimated.

CCA Industries (NYSEAMEX:CAW) yields 6.44% annually and will pay a quarterly dividend of $0.07 on December 6.

Energy Transfer Equity (NYSE:ETE) yields 5.68% annually and will pay a quarterly dividend of $0.625 on November 16.

Health Care REIT (NYSE:HCN) yields 4.98% annually and will pay a quarterly dividend of $0.74 on November 20.

Magellan Midstream Partners (NYSE:MMP) yields 4.47% annually and will pay a quarterly dividend of $0.485 on November 14.

Kennametal (NYSE:KMT) yields 1.81% annually and will pay a quarterly dividend of $0.16 on November 27.

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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