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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, May 11th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.045 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, May 22nd.

Federated Hermes Premier Municipal Income Fund Price Performance

FMN stock opened at $11.27 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.40 and a 1 year high of $11.40. The firm has a 50-day moving average of $11.10 and a 200 day moving average of $11.14.

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.