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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.0450 per share on Tuesday, December 1st. This represents a $0.54 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Monday, November 23rd.

Federated Hermes Premier Municipal Income Fund Stock Performance

FMN traded down $0.03 during midday trading on Wednesday, reaching $10.54. 534 shares of the company were exchanged, compared to its average volume of 28,549. Federated Hermes Premier Municipal Income Fund has a one year low of $9.77 and a one year high of $11.76. The company’s fifty day moving average price is $10.36 and its 200 day moving average price is $10.98.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax. It pursues this objective primarily by investing in municipal securities. The fund’s portfolio may include bonds issued by U.S. state and local governments and their agencies or other public entities. Its investments provide financing for public purposes, while the fund offers investors exposure to the municipal bond market. Federated Investment Management Company, an affiliate of Federated Hermes, manages the fund.