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

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Best Buy, Las Vegas Sands, and Kinross Gold are on the list.

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Many stocks will reach their ex-dividend date next Tuesday, 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 March 19 as their ex-dividend date. All annual yields are estimated.

Best Buy (NYSE:BBY) yields 3.39% annually and has a market cap of $6.79 billion. The consumer electronics retailer will pay a quarterly dividend of $0.17 on April 11, and its quarterly yield will be 0.85% based on yesterday's closing price of $20.08. The company has paid a quarterly dividend since 2004.

Las Vegas Sands (NYSE:LVS) yields 2.65% annually and has a market cap of $43.51 billion. The operator of integrated resorts in Asia and the United States will pay a quarterly dividend of $0.35 on March 29, and its quarterly yield will be $0.66 based on yesterday's closing price of $52.85. The company began paying a dividend last year.

Kinross Gold Corporation (NYSE:KGC) yields 2.06% annually and has a market cap of $8.85 billion. The gold miner will pay a semi-annual dividend of $0.08 on March 28. Its semi-annual yield will be 1.03% based on yesterday's closing price of $7.76. The company has paid a semi-annual dividend since 2008, and each dividend payment has either increased or remained the same from the prior six months.

International Game Technology (NYSE:IGT) yields 1.86% annually and has a market cap of $4.56 billion. The global developer of casino games, gaming equipment, and systems for social gaming and wagering markets will pay a quarterly dividend of $0.08 on April 5, and its quarterly yield will be 0.46% based on yesterday's closing price of $17.23. The company first paid a quarterly dividend from 1993 through the first quarter of 1999 and resumed paying a quarterly dividend in 2003.

Synovus Financial Corporation (NYSE:SNV) yields 1.42% annually and has a market cap of $2.21 billion. The provider of financial services in the US will pay a quarterly dividend of $0.01 on April 1, and the quarterly yield will be 0.36% based on yesterday's closing price of $2.81. The company has paid a quarterly dividend since 1990.

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

Apollo Investment Corporation (NASDAQ:AINV) yields 9.12% annually and will pay a quarterly dividend of $0.20 on April 4.

Main Street Capital Corporation (NYSE:MAIN) yields 5.30% annually and will pay a monthly dividend of $0.155 on April 15.

Solar Capital (NASDAQ:SLRC) yields 3.70% annually and will pay a quarterly dividend of $0.60 on April 2.

International Flavors & Fragrances (NYSE:IFF) yields 1.81% annually and will pay a quarterly dividend of $0.34 on April 4.

Total System Services (NYSE:TSS) yields 1.65% annually and will pay a quarterly dividend of $0.10 on April 1.

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

Twitter: @ChrisWitrak
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