Ex-Div Reminder For Federated Premier Municipal Income Fund (FMN)

Looking at the universe of stocks we cover at Dividend Channel, on 10/21/13, Federated Premier Municipal Income Fund ( FMN) will trade ex-dividend, for its monthly dividend of $0.0755, payable on 11/1/13. As a percentage of FMN's recent stock price of $12.85, this dividend works out to approximately 0.59%, so look for shares of Federated Premier Municipal Income Fund to trade 0.59% lower — all else being equal — when FMN shares open for trading on 10/21/13.

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Below is a dividend history chart for FMN, showing historical dividends prior to the most recent $0.0755 declared by Federated Premier Municipal Income Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FMN is likely to continue, and whether the current estimated yield of 7.05% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FMN shares, versus its 200 day moving average:

Federated Premier Municipal Income Fund 200 Day Moving Average Chart

Looking at the chart above, FMN's low point in its 52 week range is $12.46 per share, with $17.07 as the 52 week high point — that compares with a last trade of $12.85.

In Thursday trading, Federated Premier Municipal Income Fund shares are currently down about 0.4% on the day.