Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Announces $0.04 — Dividend

Posted by Oscar Bower on Dec 12th, 2024

Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) declared a — dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Monday, December 23rd will be given a dividend of 0.04 per share on Thursday, January 2nd. This represents a yield of 4%. The ex-dividend date is Monday, December 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 10.4% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of Federated Hermes Premier Municipal Income Fund stock opened at $11.43 on Thursday. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.53. The business has a 50-day moving average price of $11.60 and a 200 day moving average price of $11.67.

Insider Transactions at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.67, for a total value of $6,630,502.41. Following the transaction, the insider now directly owns 1,111,886 shares of the company’s stock, valued at approximately $14,087,595.62. This trade represents a 32.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 524,791 shares of company stock valued at $6,649,002 in the last three months.

Federated Hermes Premier Municipal Income Fund Company Profile

(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.