Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.04 on February 3rd

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Thursday, January 23rd will be given a dividend of 0.04 per share on Monday, February 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.32%. 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 Stock Up 0.3 %

Shares of Federated Hermes Premier Municipal Income Fund stock opened at $11.11 on Tuesday. Federated Hermes Premier Municipal Income Fund has a one year low of $10.74 and a one year high of $12.53. The business has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $11.61.

Federated Hermes Premier Municipal Income Fund Company Profile

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.