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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on March 11

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Newmont Mining, Kohl's Corporation, and Hewlett-Packard are on the list.

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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 March 11 as their ex-dividend date. All annual yields are estimated.

Newmont Mining (NYSE:NEM) yields 4.29% annually and has a market cap of $19.68 billion. The miner of copper and gold will pay a quarterly dividend of $0.425 on March 28, and its quarterly yield will be 1.07% based on Friday's closing price of $39.62. The company has paid a quarterly dividend since 1987.

Kohl's Corporation (NYSE:KSS) yields 3.03% annually and has a market cap of $10.48 billion. The operator of department stores in the US will pay a quarterly dividend of $0.35 on March 27, and its quarterly yield will be 0.76% based on Friday's closing price of $46.17. The company has paid a quarterly dividend since 2011.

Hewlett-Packard Company (NYSE:HPQ) yields 2.63% annually and has a market cap of $39.35 billion. The global technology company will pay a quarterly dividend of $0.132 on April 3, and the quarterly yield will be 0.66% based on Friday's closing price of $20.15. The company has paid a quarterly dividend since 1992.

News Corporation (NASDAQ:NWSA) yields 0.58% annually and has a market cap of $67.76 billion. The global media company will pay a semi-annual dividend of $0.085 on April 17, and its semi-annual yield will be 0.29% based on Friday's closing price of $29.14. The company has paid a semi-annual dividend since 1997.

Anadarko Petroleum Corporation (NYSE:APC) yields 0.45% annually and has a market cap of $39.96 billion. The natural gas exploration and production company will pay a quarterly dividend of $0.09 on March 27. Its quarterly yield will be 0.11% based on Friday's closing price of $79.82. The company has paid a quarterly dividend since the end of 1987, and each dividend payment has either increased or remained the same from the prior quarter.

These companies also have their ex-dividend date on March 11. All annual yields are estimated.

T. Rowe Price Group (NASDAQ:TROW) yields 2.12% annually and will pay a quarterly dividend of $0.38 on March 27.

Magna International (NYSE:MGA) yields 1.98% annually and will pay a quarterly dividend of $0.32 on March 27.

Mead Johnson Nutrition Company (NYSE:MJN) yields 1.81% annually and will pay a quarterly dividend of $0.34 on April 1.

Pool Corporation (NASDAQ:POOL) yields 1.39% annually and will pay a quarterly dividend of $0.16 on March 27.

Amphenol Corporation (NYSE:APH) yields 0.59% annually and will pay a quarterly dividend of $0.105 on April 3.

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

Twitter: @ChrisWitrak
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