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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.04 per share on Tuesday, April 1st. This represents a $0.48 annualized dividend and a yield of 4.37%. The ex-dividend date is Friday, March 21st.

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

Federated Hermes Premier Municipal Income Fund Stock Down 0.1 %

FMN traded down $0.02 during trading on Tuesday, hitting $10.99. The company’s stock had a trading volume of 37,434 shares, compared to its average volume of 38,123. The business’s fifty day simple moving average is $11.09 and its 200 day simple moving average is $11.50. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.78 and a twelve month high of $12.53.

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.