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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, August 12th, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.038 per share on Tuesday, September 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, August 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend by an average of 10.4% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Trading Up 0.6 %

Shares of FMN traded up $0.07 during mid-day trading on Tuesday, reaching $11.78. The company had a trading volume of 17,095 shares, compared to its average volume of 24,091. The company’s 50 day simple moving average is $11.45 and its 200 day simple moving average is $11.23. Federated Hermes Premier Municipal Income Fund has a 1-year low of $9.09 and a 1-year high of $11.79.

Federated Hermes Premier Municipal Income Fund Company Profile

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sectors.