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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, September 10th, NASDAQ reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.038 per share on Tuesday, October 1st. This represents a $0.46 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, September 23rd.

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

Federated Hermes Premier Municipal Income Fund Stock Performance

FMN traded up $0.01 during trading on Tuesday, hitting $12.32. The stock had a trading volume of 273,571 shares, compared to its average volume of 28,252. Federated Hermes Premier Municipal Income Fund has a twelve month low of $9.09 and a twelve month high of $12.42. The company’s 50-day moving average price is $11.68 and its 200 day moving average price is $11.34.

About Federated Hermes Premier Municipal Income Fund

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.