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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Federated Hermes Premier Municipal Income Fund Trading Down 0.9 %

Shares of FMN stock traded down $0.10 during trading hours on Tuesday, hitting $11.24. The stock had a trading volume of 21,677 shares, compared to its average volume of 31,582. Federated Hermes Premier Municipal Income Fund has a one year low of $9.80 and a one year high of $12.53. The stock’s 50-day moving average price is $12.07 and its two-hundred day moving average price is $11.66.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 1,111,886 shares in the company, valued at $14,087,595.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 524,791 shares of company stock valued at $6,649,002 in the last 90 days.

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.