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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on April 24

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R.R. Donnelley & Sons Company, Hospitality Properties Trust, and Williams-Sonoma are on the list.

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Ten stocks will reach their ex-dividend date next Wednesday, 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 April 24 as their ex-dividend date. All annual yields are estimated.

R.R. Donnelley & Sons Company (NASDAQ:RRD) yields 8.90% annually and has a market cap of $2.11 billion. The global provider of integrated communications solutions to private and public sectors will pay a quarterly dividend of $0.26 on June 3. Its quarterly yield will be 2.16% based on yesterday's closing price of $12.05. The company has paid a quarterly dividend since the second half of 1985.

Hospitality Properties Trust (NYSE:HPT) yields 6.77% annually and has a market cap of $3.43 billion. The real estate investment trust, or REIT, will pay a quarterly dividend of $0.47 on May 24, and the quarterly yield will be 0.72% based on yesterday's closing price of $28.09. The company has paid a quarterly dividend since the second half of 1995.

Williams-Sonoma (NYSE:WSM) yields 2.38% annually and has a market cap of $5.09 billion. The specialty retailer of home products will pay a quarterly dividend of $0.31 on May 24, and its quarterly yield will be 0.59% based on yesterday's closing price of $52.50. The company has paid a quarterly since 2006.

Tyco International (NYSE:TYC) yields 2.05% annually and has a market cap of $14.54 billion. The global provider of security, fire detection, suppression, and life safety products and services will pay a quarterly dividend of $0.16 on May 22, and its quarterly yield will be 0.51% based on yesterday's closing price of $31.58. The company has paid a quarterly dividend since 1988.

Pentair (NYSE:PNR) yields 1.79% annually and has a market cap of $10.62 billion. The global provider of products for water and other fluids will pay a quarterly dividend of $0.44 on May 10, and its quarterly yield will be 0.26% based on yesterday's closing price of $52.52. 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.

These companies also have their ex-dividend date on April 24. All annual yields are estimated.

Government Properties Income Trust (NYSE:GOV) yields 6.65% annually and will pay a quarterly dividend of $0.43 on May 24.

Franklin Street Properties Corporation (NYSEAMEX:FSP) yields 5.19% annually and will pay a quarterly dividend of $0.19 on May 16.

General Electric Capital Corporation (NYSE:GEH) yields 4.72% annually and will pay a quarterly dividend of $0.3046 on April 29.

BankFinancial Corporation (NASDAQ:BFIN) yields 3.79% annually and will pay a quarterly dividend of $0.01 on May 10.

AptarGroup (NYSE:ATR) yields 1.82% annually and will pay a quarterly dividend of $0.25 on May 17.

Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.
Twitter: @ChrisWitrak
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