Federated Hermes Premier Municipal Income Fund (NYSE:FMN) to Issue Monthly Dividend of $0.04

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be paid a dividend of 0.045 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, July 23rd.

Federated Hermes Premier Municipal Income Fund Price Performance

NYSE FMN traded down $0.06 on Friday, reaching $11.32. The stock had a trading volume of 29,612 shares, compared to its average volume of 25,205. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.40 and a 12-month high of $11.76. The business’s 50-day moving average price is $11.27 and its 200 day moving average price is $11.19.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.