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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be given a dividend of 0.04 per share on Monday, February 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Thursday, January 23rd. This is a boost from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04.

Federated Hermes Premier Municipal Income Fund has decreased its dividend by an average of 11.9% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Trading Up 0.3 %

FMN stock opened at $11.11 on Tuesday. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.74 and a fifty-two week high of $12.53. The stock has a fifty day moving average of $11.13 and a 200-day moving average of $11.61.

About Federated Hermes Premier Municipal Income Fund

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.