Favorable Press Coverage Somewhat Unlikely to Affect Federated Premier Intermediate Municipal (FPT) Share Price
Media headlines about Federated Premier Intermediate Municipal (NYSE:FPT) have been trending positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Federated Premier Intermediate Municipal earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.6922268602367 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Federated Premier Intermediate Municipal (NYSE FPT) traded up 0.07% during midday trading on Wednesday, reaching $13.69. 8,750 shares of the company traded hands. The firm’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 12 month low of $12.55 and a 12 month high of $13.92.
The firm also recently announced a monthly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.54 annualized dividend and a dividend yield of 3.95%.
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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