Wednesday Is Your Last Chance To Buy Federated Hermes Premier Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy Federated Hermes Premier (NYSE:FMN) shares to be eligible for the monthly dividend payout of 3.5 cents per share. FMN will go ex-dividend on Thursday, meaning its stock price will likely open 3.5 cents lower to reflect the payout. Shareholders owning the stock by Wednesday's close will receive the dividend on January 02, 2024.
December 18, 2023 | 2:45 pm
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Federated Hermes Premier (NYSE:FMN) will pay a 3.5 cents monthly dividend per share, with shares purchased by Wednesday eligible. The stock will trade lower by the dividend amount on Thursday.
The stock price of FMN is expected to drop by the amount of the dividend (3.5 cents) on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This anticipated decrease is typically short-term and reflects the payout rather than a change in the company's fundamentals.
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