Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.05 on April 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, March 10th. Shareholders of record on Monday, March 23rd will be given a dividend of 0.045 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, March 23rd.

Federated Hermes Premier Municipal Income Fund Stock Performance

NYSE FMN opened at $10.91 on Friday. The stock’s 50 day moving average is $11.22 and its 200 day moving average is $11.12. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.11 and a twelve month 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.