Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.05 on July 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 23rd will be given 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 4.8%. The ex-dividend date is Tuesday, June 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.3%

Shares of NYSE:FMN opened at $11.24 on Friday. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.40 and a 1 year high of $11.40. The business has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $11.15.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 601.0% during the first quarter. Bank of New York Mellon Corp now owns 101,531 shares of the company’s stock worth $1,110,000 after acquiring an additional 87,048 shares in the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 484.2% during the first quarter. Rivernorth Capital Management LLC now owns 146,927 shares of the company’s stock worth $1,606,000 after acquiring an additional 121,777 shares in the last quarter. Bulldog Investors LLP purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the first quarter worth $374,000. Scarborough Advisors LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund during the first quarter worth $30,000. Finally, Riverbridge Partners LLC raised its holdings in shares of Federated Hermes Premier Municipal Income Fund by 12.1% during the first quarter. Riverbridge Partners LLC now owns 140,894 shares of the company’s stock worth $1,540,000 after acquiring an additional 15,195 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.