Federated Hermes Premier Municipal Income Fund Announces Monthly Dividend of $0.05 (NYSE:FMN)

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.045 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, May 22nd.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of NYSE:FMN opened at $11.31 on Tuesday. The stock’s 50-day moving average price is $11.11 and its two-hundred day moving average price is $11.14. Federated Hermes Premier Municipal Income Fund has a 12-month low of $10.40 and a 12-month high of $11.40.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Noble Wealth Management PBC boosted its stake in Federated Hermes Premier Municipal Income Fund by 5.7% in the 4th quarter. Noble Wealth Management PBC now owns 37,750 shares of the company’s stock worth $419,000 after buying an additional 2,050 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Federated Hermes Premier Municipal Income Fund in the 1st quarter worth about $30,000. North Ground Capital boosted its stake in Federated Hermes Premier Municipal Income Fund by 11.8% in the 4th quarter. North Ground Capital now owns 38,429 shares of the company’s stock worth $427,000 after buying an additional 4,058 shares during the last quarter. Melfa Wealth Management Inc. boosted its stake in Federated Hermes Premier Municipal Income Fund by 19.1% in the 4th quarter. Melfa Wealth Management Inc. now owns 31,121 shares of the company’s stock worth $346,000 after buying an additional 5,000 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Federated Hermes Premier Municipal Income Fund in the 4th quarter worth about $72,000.

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.