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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, August 10th. Investors of record on Friday, August 21st will be paid a dividend of 0.045 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, August 21st.

Federated Hermes Premier Municipal Income Fund Stock Down 0.4%

FMN opened at $11.14 on Tuesday. The business has a 50 day moving average price of $11.27 and a two-hundred day moving average price of $11.20. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.56 and a 52 week high of $11.76.

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.