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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.04 per share on Monday, March 3rd. This represents a $0.48 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, February 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 Trading Down 0.4 %

Shares of FMN stock traded down $0.04 during trading hours on Tuesday, hitting $11.15. The company had a trading volume of 53,578 shares, compared to its average volume of 44,184. Federated Hermes Premier Municipal Income Fund has a 12 month low of $10.78 and a 12 month high of $12.53. The firm’s fifty day moving average is $11.09 and its 200 day moving average is $11.57.

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.