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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.045 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Federated Hermes Premier Municipal Income Fund Price Performance

NYSE:FMN opened at $10.56 on Friday. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.53 and a 52-week high of $11.76. The stock has a fifty day moving average of $11.13 and a 200 day moving average of $11.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 0.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 147,928 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,001 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Federated Hermes Premier Municipal Income Fund during the first quarter valued at about $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Federated Hermes Premier Municipal Income Fund during the second quarter valued at about $41,000. North Ground Capital increased its holdings in shares of Federated Hermes Premier Municipal Income Fund by 11.8% in the fourth quarter. North Ground Capital now owns 38,429 shares of the company’s stock worth $427,000 after buying an additional 4,058 shares during the period. Finally, Noble Wealth Management PBC lifted its stake in shares of Federated Hermes Premier Municipal Income Fund by 13.2% in the 2nd quarter. Noble Wealth Management PBC now owns 43,250 shares of the company’s stock valued at $497,000 after acquiring an additional 5,050 shares during the last quarter.

About Federated Hermes Premier Municipal Income Fund

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.