Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.045 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Federated Hermes Premier Municipal Income Fund Trading Up 0.0%
Shares of NYSE:FMN opened at $10.56 on Friday. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.53 and a 1 year high of $11.76. The firm has a fifty day moving average price of $11.11 and a 200 day moving average price of $11.16.
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.
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