Federated Hermes Premier Municipal Income Fund (NYSE:FMN) to Issue $0.04 Monthly Dividend

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Thursday, September 10th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.045 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, September 23rd.

Federated Hermes Premier Municipal Income Fund Trading Down 1.3%

FMN stock traded down $0.14 during midday trading on Thursday, reaching $10.56. 69,875 shares of the company’s stock traded hands, compared to its average volume of 24,347. The company has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $11.17. Federated Hermes Premier Municipal Income Fund has a 1-year low of $10.53 and a 1-year high of $11.76.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FMN. Pathstone Holdings LLC raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 30.8% in the third quarter. Pathstone Holdings LLC now owns 339,848 shares of the company’s stock valued at $3,752,000 after buying an additional 80,046 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Federated Hermes Premier Municipal Income Fund by 28.1% during the 4th quarter. Guggenheim Capital LLC now owns 286,092 shares of the company’s stock worth $3,178,000 after acquiring an additional 62,843 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in Federated Hermes Premier Municipal Income Fund by 0.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 147,928 shares of the company’s stock worth $1,700,000 after acquiring an additional 1,001 shares during the last quarter. Riverbridge Partners LLC increased its position in Federated Hermes Premier Municipal Income Fund by 12.1% in the 1st quarter. Riverbridge Partners LLC now owns 140,894 shares of the company’s stock valued at $1,540,000 after acquiring an additional 15,195 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Federated Hermes Premier Municipal Income Fund by 7.0% in the 1st quarter. Bank of America Corp DE now owns 133,861 shares of the company’s stock valued at $1,463,000 after acquiring an additional 8,804 shares in the last quarter.

About Federated Hermes Premier Municipal Income Fund

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.