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

Federated Hermes Premier Municipal Income Fund (NYSE:FMNGet Free Report) declared a monthly dividend on Monday, June 10th, Zacks reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.038 per share on Monday, July 1st. This represents a $0.46 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, June 21st. 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 payment by an average of 10.4% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Trading Up 0.3 %

Shares of FMN stock opened at $11.41 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 1-year low of $9.09 and a 1-year high of $11.44. The firm’s 50-day simple moving average is $11.16 and its 200-day simple moving average is $11.07.

Insider Transactions at Federated Hermes Premier Municipal Income Fund

In other Federated Hermes Premier Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 9,808 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $11.03 per share, with a total value of $108,182.24. Following the transaction, the insider now owns 1,640,198 shares in the company, valued at $18,091,383.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

About Federated Hermes Premier Municipal Income Fund

(Get Free Report)

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.

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Dividend History for Federated Hermes Premier Municipal Income Fund (NYSE:FMN)

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