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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on November 29

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McDonald's Corporation, The Interpublic Group of Companies, and The Hartford Financial Services Group are on the list.

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MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date this Thursday, 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 29 as their ex-dividend date. All annual yields are estimated.

McDonald's Corporation (NYSE:MCD) yields 3.54% annually and has a market cap of $86.40 billion. McDonald's Corporation franchises and operates McDonald's restaurants in the global restaurant industry. It will pay a quarterly dividend of $0.77 on December 17, and its quarterly yield will be 0.88% based on Friday's closing price of $87.05. The company has paid a quarterly dividend since 1976, except for 2000 to 2007 when it paid an annual dividend.

The Interpublic Group of Companies (NYSE:IPG) yields 2.33% annually and has market cap of $4.39 billion. The Interpublic Group of Companies, through its subsidiaries, provides advertising and marketing services worldwide. It will pay a quarterly dividend of $0.06 on December 17, and its quarterly yield will be 0.58% based on Friday's closing price of $10.32. The company paid a quarterly dividend from the end of 1987 to 2002. It then resumed paying a quarterly dividend in 2011.

The Hartford Financial Services Group (NYSE:HIG) yields 1.88% annually and has a market cap of $9.25 billion. The Hartford Financial Services Group, together with its subsidiaries, provides insurance and financial services primarily in the United States and Japan. It will pay a quarterly dividend of $0.10 on January 2 and its quarterly yield will be 0.47% based on Friday's closing price of $21.31. The company has paid a quarterly dividend since 1996, and the dividend is down from a high of $0.53 in 2008.
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