Federated Premier Intermediate Municipal Declares Monthly Dividend of $0.05 (FPT)
Federated Premier Intermediate Municipal (NYSE:FPT) announced a monthly dividend on Thursday, October 12th, Wall Street Journal reports. Investors of record on Monday, October 23rd will be paid a dividend of 0.045 per share on Wednesday, November 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Friday, October 20th.
Federated Premier Intermediate Municipal has decreased its dividend payment by an average of 3.3% annually over the last three years.
Shares of Federated Premier Intermediate Municipal (NYSE:FPT) remained flat at $13.69 during midday trading on Thursday. The company’s stock had a trading volume of 3,485 shares. The stock’s 50 day moving average price is $13.68 and its 200-day moving average price is $13.55. Federated Premier Intermediate Municipal has a 1-year low of $12.55 and a 1-year high of $13.92.
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About Federated Premier Intermediate Municipal
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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