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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, October 12th. Investors of record on Friday, October 23rd will be given a dividend of $0.0450 per share on Monday, November 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 23rd.

Federated Hermes Premier Municipal Income Fund Trading Down 0.3%

FMN stock traded down $0.03 during midday trading on Monday, reaching $9.99. 35,812 shares of the company’s stock traded hands, compared to its average volume of 28,049. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $9.77 and a fifty-two week high of $11.76. The business has a 50-day moving average price of $10.67 and a two-hundred day moving average price of $11.01.

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 that is exempt from regular federal income tax. The fund pursues its objective primarily by investing in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States.

The fund’s investments may include general obligation bonds, revenue bonds and other fixed-income securities used to finance public projects and services.