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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.045 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.2%

Shares of Federated Hermes Premier Municipal Income Fund stock opened at $11.21 on Thursday. Federated Hermes Premier Municipal Income Fund has a one year low of $10.40 and a one year high of $11.40. The business’s 50 day moving average price is $11.17 and its 200 day moving average price is $11.15.

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.