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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Tuesday, May 13th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.04 per share on Monday, June 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, May 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 11.6% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Trading Down 0.7%

Shares of NYSE FMN opened at $10.65 on Thursday. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.11 and a 52-week high of $12.53. The stock has a 50 day moving average price of $10.68 and a 200 day moving average price of $10.99.

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.