Federated Hermes Premier Municipal Income Fund Plans Monthly Dividend of $0.05 (NYSE:FMN)

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, February 10th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.045 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, February 23rd.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of FMN stock traded up $0.07 during mid-day trading on Tuesday, hitting $11.36. The company’s stock had a trading volume of 17,674 shares, compared to its average volume of 29,808. The company’s fifty day simple moving average is $11.14 and its 200-day simple moving average is $11.00. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.11 and a 52 week high of $11.38.

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.