Understanding Federated Hermes Premier's Ex-Dividend Date
On March 10, 2021, Federated Hermes Premier (NYSE:FMN) declared a dividend payable on April 1, 2021 to its shareholders. Federated Hermes Premier also announced that shareholders on the company's books on or before March 23, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Federated Hermes Premier will be on March 22, 2021. The company's current dividend payout is at $0.05. That equates to a dividend yield of 4.56% at current price levels.
Understanding Ex-Dividend Dates'
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Federated Hermes Premier's Dividend History
Over the past year, Federated Hermes Premier has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 20, 2020 the company's payout was $0.05, which has returned to its value today. Federated Hermes Premier's dividend yield last year was 4.55%, which has since grown by 0.01%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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