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Federated Premier Municipal Income Fund (FMN) has 1 split in our FMN split history database. The split for FMN took place on September 22, 1999. This was a 103 for 100 split, meaning for each 100 shares of FMN owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split.
When a company such as Federated Premier Municipal Income Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FMN split history from start to finish, an original position size of 1000 shares would have turned into 1030 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Federated Premier Municipal Income Fund shares, starting with a $10,000 purchase of FMN, presented on a split-history-adjusted basis factoring in the complete FMN split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-0.04%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.16%|
|About Federated Premier Municipal Income Fund|
|Federated Hermes Premier Municipal Income Fund is a 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. According to our FMN split history records, Federated Premier Municipal Income Fund has had 1 split.|
|FMN Split History Table|
|09/22/1999||103 for 100|
|Financials Stock Splits|
|FMN is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: FMN shares outstanding history