Federated Hermes Premier Municipal Income Fund (FMN) to Distribute Monthly Dividend of $0.04 on September 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, August 10th. Stockholders of record on Friday, August 21st will be given a dividend of 0.045 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, August 21st.

Federated Hermes Premier Municipal Income Fund Stock Performance

FMN opened at $11.09 on Wednesday. The stock has a fifty day moving average of $11.27 and a 200-day moving average of $11.20. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.56 and a 12-month high of $11.76.

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.