Federated Hermes Premier Municipal Income Fund (FMN) to Distribute Monthly Dividend of $0.04 on July 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.045 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Federated Hermes Premier Municipal Income Fund Price Performance

Federated Hermes Premier Municipal Income Fund stock opened at $11.38 on Friday. The stock has a fifty day moving average of $11.22 and a two-hundred day moving average of $11.16. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.40 and a fifty-two week high of $11.42.

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.