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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on July 30

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People's United Financial, NRG Energy, and The AES 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 July 30 as their ex-dividend date. All annual yields are estimated.

People's United Financial (NASDAQ:PBCT) yields 4.16% annually and has a market cap of $4.85 billion. The holding company for Peoples United Bank will pay a quarterly dividend of $0.1625 on August 15, and the quarterly yield will be 1.04% based on yesterday's closing price of $15.61. The company has paid a quarterly dividend since 1990 and each dividend payment has either increased or remained the same from the prior quarter.

NRG Energy (NYSE:NRG) yields 1.27% annually and has a market cap of $9.02 billion. The wholesale power generation and retail electricity company will pay a quarterly dividend of $0.12 on August 15, and the quarterly yield will be 0.43% based on yesterday's closing price of $27.98. The company has paid a quarterly dividend since last year.

The AES Corporation (NYSE:AES) yields 1.26% annually and has a market cap of $9.47 billion. The power generation and utility company will pay a quarterly dividend of $0.04 on August 15, and the quarterly yield of the dividend will be 0.32% based on yesterday's closing price of $12.68. The company first paid a dividend from the end of 1992 through the beginning 1994 and resumed paying a quarterly dividend at the end of last year.

Zoetis (NYSE:ZTS) yields 0.86% annually and has a market cap of $15.14 billion. The global producer of animal health medicines and vaccines will pay a quarterly dividend of $0.065 on September 2, and its quarterly yield will be 0.21% based on yesterday's closing price of $30.27. The company began paying a quarterly dividend this year.

KB Home (NYSE:KBH) yields 0.54% annually and has a market cap of $1.56 billion. The financial and homebuilding company in the US will pay a quarterly dividend of $0.025 on August 15, and the quarterly yield will be 0.13% based on yesterday's closing price of $18.65. The company has paid a quarterly dividend since 1988.

These companies also have their ex-dividend date on July 30. All annual yields are estimated.

Vanguard Natural Resources (NASDAQ:VNR) yields 8.88% annually and will pay a monthly dividend of $0.205 on August 14.

Realty Income Corp. (NYSE:O) yields 4.74% annually and will pay a monthly dividend of $0.1815 on August 15.

Bank of Montreal (NYSE:BMO) yields 4.71% annually and will pay a quarterly dividend of $0.74 on August 27.

Acacia Research Corp. (NASDAQ:ACTG) yields 2.27% annually and will pay a quarterly dividend of $0.125 on August 30.

The Mosaic Company (NYSE:MOS) yields 1.86% annually and will pay a quarterly dividend of $0.25 on August 15.

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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