Federated Hermes Premier Municipal Income Fund (NYSE:FMN) to Issue $0.05 Monthly Dividend

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Tuesday, March 10th. Investors of record on Monday, March 23rd will be given a dividend of 0.045 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, March 23rd.

Federated Hermes Premier Municipal Income Fund Stock Down 0.0%

Shares of FMN stock opened at $11.22 on Wednesday. Federated Hermes Premier Municipal Income Fund has a one year low of $10.11 and a one year high of $11.38. The company has a 50 day moving average price of $11.23 and a 200 day moving average price of $11.10.

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.