Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Announces Monthly Dividend of $0.05

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.045 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.2%

Federated Hermes Premier Municipal Income Fund stock traded up $0.02 during midday trading on Wednesday, reaching $11.21. The company’s stock had a trading volume of 13,491 shares, compared to its average volume of 24,827. The stock’s 50-day simple moving average is $11.16 and its 200-day simple moving average is $11.15. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.40 and a 52-week high of $11.40.

Federated Hermes Premier Municipal Income Fund Company Profile

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.