Federated Hermes Premier's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Federated Hermes Premier (NYSE:FMN) announced a monthly dividend of 3.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FMN by the end of Wednesday are eligible for the dividend, to be paid on March 01, 2024. The stock is expected to open 3.5 cents lower on the ex-dividend date.
February 19, 2024 | 2:45 pm
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Federated Hermes Premier announced a monthly dividend of 3.5 cents per share, with an ex-dividend date this Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, FMN's stock is likely to experience a short-term decrease in price by the amount of the dividend on the ex-dividend date.
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