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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on December 3

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Regal Entertainment Group, Avery Dennison Corporation, and Kohl's Corporation are on the list.

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MINYANVILLE ORIGINAL Many stocks will reach their ex-dividend date next Monday, 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 December 3 as their ex-dividend date. All annual yields are estimated.

Regal Entertainment Group (NYSE:RGC) yields 5.44% annually and has a market cap of $2.39 billion. Regal Entertainment Group, a motion picture exhibitor, owns and operates a theatre circuit in the United States. It will pay a quarterly dividend of $0.21 on December 14, and its quarterly yield will be 1.36% based on yesterday's closing price of $15.43. The company has paid a quarterly dividend since the end of 2002.

Avery Dennison Corporation (NYSE:AVY) yields 3.19% annually and has a market cap of $3.37 billion. Avery Dennison Corporation manufactures and sells pressure-sensitive materials, brand identification and information management products, and other converted products worldwide. It will pay a quarterly dividend of $0.27 on December 19, and its quarterly yield will be 0.80% based on yesterday's closing price of $33.85. The company has paid a quarterly dividend since the end of 1987. The dividend is down from a high of $0.41 in 2009.

Kohl's Corporation (NYSE:KSS) yields 2.47% annually and has a market cap of $11.99 billion. The US department store operator will pay a quarterly dividend of $0.32 on December 16, and its quarterly yield will be 0.62% based on yesterday's closing price of $51.91. The company began paying a quarterly dividend last year.

Itau Unibanco Holding (NYSE:ITUB) yields 0.58% annually and has a market cap of $66.92 billion. Itau Unibanco Holding S.A. provides a range of credit and other financial services to individuals and companies in Brazil and internationally. It will pay a monthly dividend of $0.0074 on January 1, and its monthly yield will be 0.0005% based on yesterday's closing price of $15.15.

Ross Stores (NASDAQ:ROST) yields 0.99% annually and has a market cap $12.48 billion. Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. The company has paid a quarterly dividend since 1994.

These companies also have their ex-dividend date on December 3. All annual yields are estimated.

CVB Financial (NASDAQ:CVBF) yields 3.40% annually and will pay a quarterly dividend of $0.085 on December 19.

Fair Isaac Corporation (NYSE:FICO) yields 0.19% annually and will pay a quarterly dividend of $0.02 on December 19.

Greenhill & Co. (NYSE:GHL) yields 3.69% annually and will pay a quarterly dividend of $0.45 on December 19.

Hancock Holding Company (NASDAQ:HBHC) yields 3.08% annually and will pay a quarterly dividend of $0.24 on December 14.

HSN (NASDAQ:HSNI) yields 1.38% annually and will pay a quarterly dividend of $0.18 on December 19.

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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