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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, August 12th, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.038 per share on Tuesday, September 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, August 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 10.4% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of NYSE:FMN opened at $11.77 on Thursday. Federated Hermes Premier Municipal Income Fund has a 1-year low of $9.09 and a 1-year high of $11.92. The company’s fifty day moving average is $11.53 and its two-hundred day moving average is $11.27.

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.