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

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FirstEnergy Corporation, Intel Corporation, and Starbucks are on the list.

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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 three stocks that schedule February 5 as their ex-dividend date. All annual yields are estimated.

FirstEnergy Corporation (NYSE:FE) yields 5.42% annually and has a market cap of $16.98 billion. The energy company will pay a quarterly dividend of $0.55 on March 1, and its quarterly yield will be 1.35% based on yesterday's closing price of $40.60. The company has paid a quarterly dividend since 1998, and each dividend payment has either increased or remained the same from the prior quarter.

Intel Corporation (NASDAQ:INTC) yields 4.23% annually and has a market cap of $105.72 billion. The global producer of integrated digital technology platforms will pay a quarterly dividend of $0.225 on March 1, and the quarterly yield will be 1.06% based on yesterday's closing price of $21.28. The company has paid a quarterly dividend since the end of 1992, and each dividend payment has either increased or remained the same from the prior quarter.

Starbucks (NASDAQ:SBUX) yields 1.51 % annually and has a market cap of $41.34 billion. The global coffee retailer will pay a quarterly dividend of $0.21 on February 22, and its quarterly yield will be 0.38% based on yesterday's closing price of $55.60. The company began paying a quarterly dividend in 2010.

Peabody Energy Corporation (NYSE:BTU) yields 1.28% annually and has a market cap of $7.13 billion. The coal mining company will pay a quarterly dividend of $0.085 on February 28, and its quarterly yield will be 0.32% based on yesterday's closing price of $26.56. The company has paid a quarterly dividend since the end of 2001, and each dividend payment has either increased or remained the same from the prior quarter.

KB Home (NYSE:KBH) yields 0.54% annually and has a market cap of $1.44 billion. The US homebuilding company will pay a quarterly dividend of $0.025 on February 21. Its quarterly yield will be 0.13% based on yesterday's closing price of $18.62. The company has paid a quarterly dividend since the end of 1986.

These companies also have their ex-dividend date on February 5. All annual yields are estimated.

Linn Energy (NASDAQ:LINE) yields 7.37% annually and will pay a quarterly dividend of $0.725 on February 14.

LinnCo LLC (NASDAQ:LNCO) yields 7.10% annually and will pay a quarterly dividend of $0.71 on February 15.

Atlas Pipeline Partners (NYSE:APL) yields 6.79% annually and will pay a quarterly dividend of $0.58 on February 14.

ADTRAN (NASDAQ:ADTN) yields 1.78% annually and will pay a quarterly dividend of $0.09 on February 21.

HB Fuller Co. (NYSE:FUL) yields 0.85% annually and will pay a quarterly dividend of $0.085 on February 21.

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

Twitter: @ChrisWitrak
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