Federated Premier Intermediate Municipal (NYSE:FPT) announced a monthly dividend on Tuesday, July 11th, Wall Street Journal reports. Stockholders of record on Friday, July 21st will be paid a dividend of 0.045 per share on Tuesday, August 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, July 19th.

Federated Premier Intermediate Municipal has decreased its dividend by an average of 3.3% per year over the last three years.

Federated Premier Intermediate Municipal (NYSE FPT) traded up 0.51% during trading on Tuesday, hitting $13.72. The company had a trading volume of 6,615 shares. Federated Premier Intermediate Municipal has a 1-year low of $12.55 and a 1-year high of $14.73. The company’s 50 day moving average price is $13.51 and its 200-day moving average price is $13.09.

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Federated Premier Intermediate Municipal Company Profile

Federated Premier Intermediate Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). The Fund invests in various sectors, such as pre-refunded, dedicated tax, hospital, education, toll road, senior care, water and sewer, public power, airport, industrial development bond/pollution control revenue and public power.

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