Friday Is Your Last Chance To Buy Federated Hermes Premier Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Federated Hermes Premier (NYSE:FMN) has announced a monthly dividend of 3.5 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on February 1, 2024. Friday is the last chance for investors to buy the stock and receive the dividend payout.
January 17, 2024 | 2:45 pm
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NEUTRAL IMPACT
Federated Hermes Premier (FMN) will pay a 3.5 cents monthly dividend per share, with the ex-dividend date being the upcoming Monday. The stock is expected to open 3.5 cents lower on the ex-dividend date.
The announcement of a dividend typically has a neutral to positive effect on a stock's price in the short term, as it attracts dividend investors. However, the stock price is expected to adjust down by the amount of the dividend on the ex-dividend date, which is a standard and anticipated move. Therefore, the short-term impact on the stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100