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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on November 19

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ArcelorMittal, Applied Materials, and Target 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 November 19 as their ex-dividend date. All annual yields are estimated.

ArcelorMittal (NYSE:MT) yields 4.31% annually and has a market cap of $22.86 billion. The global mining and steel company will pay a quarterly dividend of $0.1593 on December 10, and its quarterly yield will be 1.07% based on yesterday's closing price of $14.85. The company first paid a dividend from 1998 to 2000 and then began paying a quarterly dividend in 2005. The dividend is down from a high of $0.38 in 2008.

Applied Materials (NASDAQ:AMAT) yields 3.47% annually and has market cap of $12.68 billion. Applied Materials provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. It will pay a quarterly dividend of $0.09 on December 12, and its quarterly yield will be 0.87% based on yesterday's closing price of $10.36. The company has paid a quarterly dividend since 2005, and each dividend payment has either increased or remained the same from the prior quarter.

Target Corporation (NYSE:TGT) yields 2.35% annually and has a market cap of $40.80 billion. The operator of general merchandise stores in the United States will pay a quarterly dividend of $0.36 on December 10, and its quarterly yield will be 0.59% based on yesterday's closing price of $61.38. The company has paid a quarterly dividend since the end of 1967. When accounting for all stock splits, each dividend payment has either increased or remained the same from the prior quarter.
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