Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.04 on April 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.04 per share on Tuesday, April 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, March 21st.

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

Federated Hermes Premier Municipal Income Fund Price Performance

FMN opened at $10.88 on Wednesday. The business has a 50 day simple moving average of $11.09 and a 200-day simple moving average of $11.46. Federated Hermes Premier Municipal Income Fund has a 12 month low of $10.78 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.