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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be given a dividend of 0.04 per share on Thursday, May 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend by an average of 11.6% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Trading Down 1.0 %

NYSE FMN traded down $0.11 during trading hours on Friday, hitting $10.25. 73,773 shares of the stock were exchanged, compared to its average volume of 40,665. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.11 and a 12-month high of $12.53. The stock has a 50-day moving average of $10.99 and a 200 day moving average of $11.26.

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.