Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.05 on January 2nd

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Wednesday, December 10th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of 0.045 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, December 23rd.

Federated Hermes Premier Municipal Income Fund Stock Performance

FMN opened at $11.14 on Friday. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.11 and a 1 year high of $11.38. The stock’s 50 day simple moving average is $11.12 and its 200-day simple moving average is $10.86.

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.