Wednesday Is Your Last Chance To Buy Federated Hermes Premier Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Federated Hermes Premier (NYSE:FMN) announced a monthly dividend of 3.5 cents per share, with Wednesday being the last chance for investors to be eligible for the payout. The stock will go ex-dividend on Thursday, and the dividend will be paid out on July 3, 2023.
June 19, 2023 | 2:52 pm
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Federated Hermes Premier (FMN) announced a 3.5 cents per share dividend, with the stock going ex-dividend on Thursday. Investors must own shares by end of Wednesday to be eligible.
The announcement of the dividend payout is important for investors who want to receive the dividend. However, the short-term impact on the stock price is neutral, as the stock will likely open 3.5 cents lower on Thursday to reflect the payout, which is a common occurrence for stocks going ex-dividend.
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