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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be paid a dividend of 0.04 per share on Monday, February 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, January 23rd. This is a positive change from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04.

Federated Hermes Premier Municipal Income Fund has decreased its dividend by an average of 11.9% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Price Performance

FMN stock traded down $0.04 during trading hours on Monday, reaching $10.81. 61,687 shares of the stock were exchanged, compared to its average volume of 57,584. The firm’s 50-day moving average is $11.16 and its 200-day moving average is $11.63. Federated Hermes Premier Municipal Income Fund has a 12 month low of $10.74 and a 12 month high of $12.53.

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.