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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, November 11th,Wall Street Journal reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, November 22nd.

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

Federated Hermes Premier Municipal Income Fund Trading Down 0.4 %

NYSE FMN opened at $11.09 on Thursday. The stock has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $11.66. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.14 and a fifty-two week high of $12.53.

Insider Activity at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.67, for a total value of $6,630,502.41. Following the completion of the transaction, the insider now directly owns 1,111,886 shares in the company, valued at $14,087,595.62. The trade was a 32.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 524,791 shares of company stock worth $6,649,002.

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.