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X Factor: 5 High-Yield Stocks Reaching Their Ex-Dividend Date on November 7

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NuStar Energy, NuStar GP Holdings, and Enerplus Corporation 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 7 as their ex-dividend date. All annual yields are estimated.

NuStar Energy (NYSE:NS) yields 9.48% annually and has a market cap of $3.27 billion. NuStar Energy engages in the terminalling, storage, and transportation of petroleum products primarily in the United States, Canada, Mexico, the Netherlands, St. Eustatius in the Caribbean, the United Kingdom, and Turkey. It will pay a quarterly dividend of $1.095 on November 14, and its quarterly yield will be 2.37% based on yesterday's closing price of $46.18. The company has paid a quarterly dividend since the second half of 2001, and each dividend payment has either increased or remained the same from the prior year quarter.

NuStar GP Holdings (NYSE:NSH) yields 7.69% annually and has market cap of $1.21 billion. NuStar GP Holdings owns general partner and limited partner interests in NuStar Energy L.P. that engages in the terminalling and storage of petroleum products, transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. It will pay a quarterly dividend of $0.545 on November 16, and its quarterly yield will be 1.92% based on yesterday's closing price of $28.34. The company has paid a quarterly dividend since the end of 2006.

AmeriGas Partners (NYSE:APU) yields 7.20% annually and has a market cap of $4.14 billion. AmeriGas Partners, through its subsidiary, AmeriGas Propane, operates as a retail and wholesale distributor of propane gas in the United States. It will pay a quarterly dividend of $0.80 on November 19, and its quarterly yield will be 1.80% based on yesterday's closing price of $44.43. The company has paid a quarterly dividend since the second half of 1995, and each dividend payment has either increased or remained the same from the prior quarter.

Enerplus Corporation (NYSE:ERF) yields 6.70% annually and has a market cap of $3.20 billion. Enerplus Corporation, together with its subsidiaries, engages in the exploration and development of crude oil and natural gas in United States and Canada. It will pay a monthly dividend of $0.09 on November 20, and the monthly yield will be 0.56% based on yesterday's closing price of $16.12. The company has paid a monthly dividend since the end of 2001. The dividend is down from a high of $0.19 in 2011.

Alliance Holdings (NASDAQ:AHGP) yields 5.76% annually and has a market cap of $3 billion. Alliance Holdings, through its subsidiaries, produces and markets coal primarily to utilities and industrial users in the United States. It will pay a quarterly dividend of $0.72 on November 19, and its monthly yield will be 1.44% based on yesterday's closing price of $49.96. The company has paid a quarterly dividend since the second half of 2006, 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 7. All annual yields are estimated.

Pfizer (NYSE:PFE) yields 3.58% annually and will pay a quarterly dividend of $0.22 on December 4.

Walgreen (NYSE:WAG) yields 3.23% annually and will pay a quarterly dividend of $0.275 on December 12.

TD Ameritrade (NYSE:AMTD) yields 2.20% annually and will pay a quarterly dividend of $0.09 on November 23.

Apple (NASDAQ:AAPL) yields 1.81% annually and will pay a quarterly dividend of $2.65 on November 15.

IBM (NYSE:IBM) yields 1.75% annually and will pay a quarterly dividend of $0.85 on December 10.

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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