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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.

Marathon Oil Corporation (NYSE:MRO) yields 2.20% annually and has a market cap of $21.58 billion. Marathon Oil is a global energy company and operates in exploration and production, oil sands mining, and integrated gas. It will pay a quarterly dividend of $0.17 on December 10, and its quarterly yield will be 0.57% based on yesterday's closing price of $30.05. The company has paid a quarterly dividend since 1972. The dividend is down from a recent high of $0.25 in 2011.

Silver Wheaton Corporation (NYSE:SLW) yields 0.77% and has a market cap of $12.63 billion. Silver Wheaton, a mining company, together with its subsidiaries, operates as a silver streaming company worldwide. It will pay a quarterly dividend of $0.07 on December 5, and its monthly yield will be 0.19% based on yesterday's closing price of $36.52. The company began paying a quarterly dividend last year.

These companies also have their ex-dividend date on November 19. All annual yields are estimated.

Microchip Technology (NASDAQ:MCHP) yields 4.71% annually and will pay a quarterly dividend of $0.352 on December 6.

Marathon Petroleum Corporation (NYSE:MPC) yields 2.64% annually and will pay a quarterly dividend of $0.35 on December 10.

Valero-Energy Corporation (NYSE:VLO) yields 2.43% annually and will pay a quarterly dividend of $0.175 on December 12.

FedEx Corporation (NYSE:FDX) yields 0.64% annually and will pay a quarterly dividend of $0.14 on December 17.

Allergan (NYSE:AGN) yields 0.22% annually and will pay a quarterly dividend of $0.05 on December 12.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.

Twitter: @ChrisWitrak
Position in SLW.
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