Federated Hermes Premier Municipal Income Fund (NYSE:FMN) to Issue $0.05 Monthly Dividend

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, January 12th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.045 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, January 23rd.

Federated Hermes Premier Municipal Income Fund Trading Down 0.1%

Shares of NYSE FMN traded down $0.01 during mid-day trading on Monday, hitting $11.16. 6,706 shares of the stock traded hands, compared to its average volume of 22,429. The stock has a fifty day moving average price of $11.12 and a 200-day moving average price of $10.91. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.11 and a 52 week high of $11.38.

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.