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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on March 14

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Huntington Bancshares, Chico's FAS, and Hecla Mining are on the list.

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Many stocks will reach their ex-dividend date next Thursday 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 14 as their ex-dividend date. All annual yields are estimated.

Huntington Bancshares (NASDAQ:HBAN) yields 2.22% annually and has a market cap of $6.08 billion. The holding company for The Huntington National Bank will pay a quarterly dividend of $0.04 on April 1, and the quarterly yield will be 0.55% based on yesterday's closing price of $7.22. The company has paid a quarterly dividend since the second half of 1990, and each dividend payment has either increased or remained the same from the prior quarter.

Chico's FAS (NYSE:CHS) yields 1.26% annually and has a market cap of $2.18 billion. The specialty retailer of privately branded apparel will pay a quarterly dividend of $0.055 on April 1, and its quarterly yield will be 0.32% based on yesterday's closing price of $17.42. The company has paid a quarterly dividend since 2010.

Hecla Mining Co. (NYSE:HL) yields 0.98% annually and has a market cap of $1.17 billion. The miner of base and precious metals will pay a quarterly dividend of $0.0025 on March 25, and its quarterly yield will be 0.06% based on yesterday's closing price of $4.09. The mining company first paid a dividend from 1985 through 1990 and resumed paying a quarterly dividend at the end of 2011.

Leucadia National Corporation (NYSE:LUK) yields 0.95% annually and has a market cap of $6.46 billion. The global conglomerate will pay an annual dividend of $0.0625 on March 28. Its annual yield will be 0.24% based on yesterday's closing price of $26.40. The company has paid an annual dividend since 1992 except for 2008 and 2009.

Chicago Bridge & Iron Company (NYSE:CBI) yields 0.36% annually and has a market cap of $5.33 billion. The provider of engineering services will pay a monthly dividend of $0.05 on March 28, and its monthly yield will be 0.09% based on yesterday's closing price of $55.25. The company has paid a quarterly dividend since 1997.

These companies also have their ex-dividend date on March 14. All annual yields are estimated.

DTE Energy (NYSE:DTE) yields 3.71% annually and will pay a quarterly dividend of $0.62 on April 15.

Greif (NYSE:GEF) yields 3.23% annually and will pay a quarterly dividend of $0.42 on April 1.

HudBay Minerals (NYSE:HBM) yields 2.10% annually and will pay a semi-annual dividend of $0.10 on March 28.

First Citizens Bancshares (NASDAQ:FCNCA) yields 0.67% annually and will pay a quarterly dividend of $0.30 on April 1.

White Mountains Insurance Group (NYSE:WTM) yields 0.17% annually and will pay an annual dividend of $1.00 on March 27.

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

Twitter: @ChrisWitrak
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No positions in stocks mentioned.
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