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

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NYSE Euronext, DDR Corporation, and Marvell Technology Group 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 12 as their ex-dividend date. All annual yields are estimated.

NYSE Euronext (NYSE:NYX) yields 3.19% annually and has a market cap of $9.14 billion. The operator of securities exchanges will pay a quarterly dividend of $0.30 on March 28, and its quarterly yield will be 0.80% based on yesterday's closing price of $37.62. The company began paying a quarterly dividend in 2007.

DDR Corporation (NYSE:DDR) yields 3.11% annually and has a market cap of $5.35 billion. The real estate investment trust, or REIT, will pay a quarterly dividend of $0.135 on April 2, and its quarterly yield will be 0.78% based on yesterday's closing price of $17.39. The company has paid a quarterly dividend since 1993.

Marvell Technology Group (NASDAQ:MRVL) yields 2.33% annually and has a market cap of $5.42 billion. The producer of microprocessor integrated circuits in the US will pay a quarterly dividend of $0.06 on April 4, and its quarterly yield will be 0.58% based on yesterday's closing price of $10.31. The company began paying a quarterly dividend last year.

The Home Depot (NYSE:HD) yields 2.22% annually and has a market cap of $103.96 billion. The home improvement retailer will pay a quarterly dividend of $0.39 on March 28, and the quarterly yield will be 0.55% based on yesterday's closing price of $70.29. The company began paying a quarterly cash dividend in 1987, and each dividend payment has either increased or remained the same from the prior quarter.

Legg Mason (NYSE:LM) yields 1.55% annually and has a market cap of $3.66 billion. The provider of asset management and related financial services will pay a quarterly dividend of $0.11 on April 15. Its quarterly yield will be 0.39% based on yesterday's closing price of $28.37. The company has paid a quarterly dividend since the end of 1986.

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

Wyndham Worldwide Corporation (NYSE:WYN) yields 1.92% annually and will pay a quarterly dividend of $0.29 on March 29.

Nasdaq OMX Group (NASDAQ:NDAQ) yields 1.62% annually and will pay a quarterly dividend of $0.13 on March 28.

Franco-Nevada (NYSE:FNV) yields 1.60% annually and will pay a quarterly dividend of $0.06 on March 28.

SPX Corporation (NYSE:SPW) yields 1.27% annually and will pay a quarterly dividend of $0.25 on April 2.

AMETEK, Inc. (NYSE:AME) yields 0.58% annually and will pay a quarterly dividend of $0.06 on March 28.

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

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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