Federated Hermes Premier Municipal Income Fund (FMN) To Go Ex-Dividend on April 22nd

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Wednesday, April 10th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.035 per share on Wednesday, May 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, April 22nd.

Federated Hermes Premier Municipal Income Fund Stock Up 0.5 %

Shares of NYSE FMN opened at $11.01 on Friday. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $9.09 and a fifty-two week high of $11.31. The company’s 50 day simple moving average is $11.09.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 15,489 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $11.17 per share, with a total value of $173,012.13. Following the completion of the acquisition, the insider now directly owns 1,624,348 shares of the company’s stock, valued at approximately $18,143,967.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 42,172 shares of company stock worth $467,992.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

A hedge fund recently bought a new stake in Federated Hermes Premier Municipal Income Fund stock. Pathstone Holdings LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund (NYSE:FMN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 255,749 shares of the company’s stock, valued at approximately $2,811,000.

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.