Federated Hermes Premier: Dividend Insights
Portfolio Pulse from Benzinga Insights
Federated Hermes Premier (NYSE:FMN) has announced a monthly dividend of 3.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 3.5 cents lower. Shareholders who own FMN as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 01, 2023.
August 17, 2023 | 2:45 pm
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Federated Hermes Premier's announcement of a 3.5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
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