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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be given a dividend of 0.045 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, July 23rd.

Federated Hermes Premier Municipal Income Fund Trading Down 0.5%

Shares of NYSE FMN traded down $0.06 during trading on Friday, reaching $11.32. 29,612 shares of the stock were exchanged, compared to its average volume of 25,205. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.40 and a twelve month high of $11.76. The business’s 50-day moving average price is $11.27 and its 200 day moving average price is $11.19.

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.