Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Declares Monthly Dividend of $0.05

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, January 12th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.045 per share on Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, January 23rd.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of FMN stock traded down $0.01 on Monday, hitting $11.16. 6,706 shares of the company’s stock traded hands, compared to its average volume of 22,429. The company’s fifty day simple moving average is $11.12 and its 200 day simple moving average is $10.91. Federated Hermes Premier Municipal Income Fund has a one year low of $10.11 and a one year high of $11.38.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.