Federated Premier Intermediate Municipal (NYSE:FPT) declared a monthly dividend on Tuesday, July 11th, Wall Street Journal reports. Stockholders of record on Friday, July 21st will be given a dividend of 0.045 per share on Tuesday, August 1st. This represents a $0.54 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, July 19th.

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

Federated Premier Intermediate Municipal (NYSE FPT) traded down 0.22% during trading on Tuesday, hitting $13.79. The stock had a trading volume of 18,860 shares. Federated Premier Intermediate Municipal has a 12 month low of $12.55 and a 12 month high of $14.52. The stock has a 50 day moving average price of $13.76 and a 200-day moving average price of $13.26.

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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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