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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on November 30

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Old Republic International Corporation, NV Energy, and ManpowerGroup are on the list.

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MINYANVILLE ORIGINAL Fourteen stocks will reach their ex-dividend date this Friday, 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 30 as their ex-dividend date. All annual yields are estimated.

Old Republic International Corporation (NYSE:ORI) yields 6.64% annually and has a market cap of $2.73 billion. Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products in the United States and Canada. It will pay a quarterly dividend of $0.1775 on December 14, and its quarterly yield will be 1.66% based on yesterday's closing price of $10.70. The company has paid a quarterly dividend since 1990, and each dividend payment has either increased or remained the same from the prior quarter.

NV Energy (NYSE:NVE) yields 3.77% annually and has market cap of $4.27 billion. NV Energy, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in Nevada. It will pay a quarterly dividend of $0.17 on December 19, and its quarterly yield will be 0.94% based on Friday's closing price of $18.06. The company first paid a quarterly dividend from the second half of 1985 through the beginning of 2002. It then resumed paying a quarterly dividend in 2007. Since then, each dividend payment has either increased or remained the same from the prior quarter.

ManpowerGroup (NYSE:MAN) yields 2.23% annually and has a market cap of $3.02 billion. The global provider of workforce solutions and services will pay a semi-annual dividend of $0.43 on December 14, and its quarterly yield will be 1.11% based on yesterday's closing price of $38.54. The company first paid a semi-annual dividend in 1989 and then resumed paying a semi-annual dividend in 1994. Since then, each dividend payment has either increased or remained the same from the prior payment.
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