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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on November 27

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Great Plains Energy Incorporated, Rockwood Holdings, and Cisco Systems are on the list.

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MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Tuesday, 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 November 27 as their ex-dividend date. All annual yields are estimated.

Great Plains Energy Incorporated (NYSE:GXP) yields 4.37% annually and has market cap of $3.07 billion. Great Plains Energy Incorporated, a public utility holding company, engages in the generation, transmission, distribution, and sale of electricity. It will pay a quarterly dividend of $0.2175 on December 20, and its quarterly yield will be 1.09% based on Wednesday's closing price of $19.91. The company has paid a quarterly dividend since the end of 1987. The dividend is down from a high of $0.42.

Rockwood Holdings (NYSE:ROC) yields 3.20% annually and has a market cap of $3.42 billion. Rockwood Holdings, develops, manufactures, and markets specialty chemicals and materials for industrial and commercial applications primarily in Germany, the United States, and Europe. It will pay a quarterly dividend of $0.35 on December 18, and its quarterly yield will be 0.80% based on Wednesday's closing price of $43.70. The company began paying a quarterly dividend this year.

Cisco Systems (NASDAQ:CSCO) yields 3.03% annually and has a market cap of $99.23 billion. Cisco Systems designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. It will pay a quarterly dividend of $0.14 on December 19, and its quarterly yield will be 0.76% based on Wednesday's closing price of $18.48. The company has paid a quarterly dividend since 2011.

The Home Depot (NYSE:HD) yields 1.81% annually and has a market cap $96.05 billion. The home improvement retailer will pay a quarterly dividend of $0.29 on December 13, and its quarterly yield will be 0.45% based on Wednesday's closing price of $64.09. The company paid a dividend from 1981 to 1983, and it began paying a quarterly dividend since 1987. Each dividend payment since then has either increased or remained the same from the prior quarter.

Werner Enterprises (NASDAQ:WERN) yields 0.88% annually and has a market cap of $1.67 billion. Werner Enterprises, a transportation and logistics company, engages primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce in the United States and internationally. It will pay a special dividend of $1.50 on December 13, and the yield of this special dividend will be 6.58% based on Wednesday's closing price of $22.80. The company has paid a quarterly dividend since 1990, 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 27. All annual yields are estimated.

Avista Corp. (NYSE:AVA) yields 4.99% annually and will pay a quarterly dividend of $0.29 on December 14.

Barnes Group (NYSE:B) yields 1.96% annually and will pay a quarterly dividend of $0.10 on December 10.

Reliance Steel & Aluminum (NYSE:RS) yields 1.78% annually and will pay a quarterly dividend of $0.25 on December 20.

Westlake Chemical Corporation (NYSE:WLK) yields 1.01% annually and will pay a quarterly dividend of $0.1875 and a special dividend of $3.75 on December 12.

Gardner Denver (NYSE:GDI) yields 0.29% annually and will pay a quarterly dividend of $0.05 on December 14.

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

Twitter: @ChrisWitrak
The author has a position in Cisco.
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