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

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Rentech Nitrogen Partners, Eagle Rock Energy Partners, and PVR Partners 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 high-yield stocks that schedule November 5 as their ex-dividend date. All annual yields are estimated.

Rentech Nitrogen Partners (NYSE:RNF) yields 8.50% annually and has a market cap of $1.55 billion. Rentech Nitrogen Partners engages in the production of natural gas-based nitrogen fertilizer and industrial products for agricultural uses. It will pay a quarterly dividend of $0.85 on November 14, and its quarterly yield will be 2.13% based on yesterday's closing price of $40.00. The company began paying a quarterly dividend this year.

Eagle Rock Energy Partners (NASDAQ:EROC) yields 8.71% annually and has a market cap of $1.36 billion. Eagle Rock Energy Partners together with its subsidiaries, engages in gathering, compressing, treating, processing, transporting, marketing, and trading natural gas, as well as fractionating and transporting natural gas liquids (NGL). It will pay a quarterly dividend of $0.22 on November 14, and its quarterly yield will be 2.18% based on yesterday's closing price of $10.10. The company has paid a quarterly dividend since 2007.

PVR Partners (NYSE:PVR) yields 8.43% annually and has a market cap of $2.24 billion. PVR Partners engages in the management of coal and natural resource properties, and the gathering and processing of natural gas in the United States. It will pay a quarterly dividend of $0.54 on November 14, and its quarterly yield will be 2.11% based on yesterday's closing price of $25.62. The company has paid a quarterly dividend since 2002, and each dividend payment has either increased or remained the same from the prior quarter.
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