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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on February 12

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Entergy Corporation, The TJX Companies, and Wisconsin Energy Corporation 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 February 12 as their ex-dividend date. All annual yields are estimated.

Entergy Corporation (NYSE:ETR) yields 5.18% annually and has a market cap of $11.39 billion. The electric power producer in the US will pay a quarterly dividend of $0.83 on March 1. Its quarterly yield will be 1.29% based on yesterday's closing price of $64.10. The company has paid a quarterly dividend since the end of 1988.

The TJX Companies (NYSE:TJX) yields 1.02% annually and has a market cap of $32.99 billion. The international apparel and home fashions retailer will pay a quarterly dividend of $0.115 on March 7, and its quarterly yield will be 0.25% based on yesterday's closing price of $45.24. The company has paid a quarterly dividend since 1988.

Wisconsin Energy Corporation (NYSE:WEC) yields 3.43% annually and has a market cap $9.09 billion. The producer and distributor of electric energy will pay a quarterly dividend of $0.34 on March 1, and the quarterly yield will be 0.85% based on yesterday's closing price of $39.60. The company has paid a quarterly dividend since the end of 1986.

Wynn Resorts (NASDAQ:WYNN) yields 3.21% annually and has a market cap of $12.49 billion. The operator of casino resorts will pay a quarterly dividend of $1.00 on February 28, and its quarterly yield will be 0.80% based on yesterday's closing price of $124.76. The company began paying a dividend in 2006 and began paying a quarterly dividend in 2011.

Healthcare Realty Trust Inc. (NYSE:HR) yields 4.72 % annually and has market cap of $2.22 billion. The real estate investment trust, or REIT, will pay a quarterly dividend of $0.30 on March 1, and its quarterly yield will be 1.17% based on yesterday's closing price of $25.44. The REIT began paying a quarterly dividend at the end of 1993.

These companies also have their ex-dividend date on February 12. All annual yields are estimated.

DTE Energy Company (NYSE:DTE) yields 5.10% annually and will pay a quarterly dividend of $0.3281 on March 1.

Matson (NYSE:MATX) yields 2.26% annually and will pay a quarterly dividend of $0.15 on March 7.

Spectrum Brands Holdings (NYSE:SPB) yields 1.89% annually and will pay a quarterly dividend of $0.25 on March 12.

Franco-Nevada Corporation (NYSE:FNV) yields 1.32% annually and will pay a quarterly dividend of $0.06 on March 28.

Lindsay Corporation (NYSE:LNN) yields 0.50% annually and will pay a quarterly dividend of $0.115 on February 28.

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

Twitter: @ChrisWitrak
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