Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.04 on December 2nd

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Friday, November 22nd will be given a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Friday, November 22nd.

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

Federated Hermes Premier Municipal Income Fund Trading Down 0.3 %

NYSE:FMN opened at $11.13 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.14 and a 12-month high of $12.53. The stock has a fifty day moving average price of $11.95 and a 200 day moving average price of $11.67.

Insider Buying and Selling at Federated Hermes Premier Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of Federated Hermes Premier Municipal Income Fund stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.67, for a total transaction of $6,630,502.41. Following the sale, the insider now owns 1,111,886 shares in the company, valued at approximately $14,087,595.62. The trade was a 32.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 524,791 shares of company stock worth $6,649,002 over the last ninety days.

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.