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 day for investors to be eligible for this payout. The stock will go ex-dividend on Thursday, indicating a likely opening price adjustment of 3.5 cents lower. The dividend is scheduled for payment on April 01, 2024.

March 18, 2024 | 2:45 pm
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NEUTRAL IMPACT
Federated Hermes Premier announces a 3.5 cents per share monthly dividend. Last buy-in day Wednesday before Thursday's ex-dividend date. Payment on April 1, 2024.
The announcement of a monthly dividend and the upcoming ex-dividend date are directly related to FMN's stock. While dividends are generally seen as positive, the ex-dividend date price adjustment is a standard procedure that reflects the dividend payout, not necessarily indicating a negative outlook. The importance is high due to the direct financial benefit to shareholders, but the score is neutral as the price adjustment is expected and not indicative of a fundamental change in the company's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100