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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Tuesday, February 10th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.045 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, February 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.6%

FMN traded up $0.07 during trading on Tuesday, reaching $11.36. 17,674 shares of the company’s stock were exchanged, compared to its average volume of 29,808. Federated Hermes Premier Municipal Income Fund has a one year low of $10.11 and a one year high of $11.38. The firm has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $11.00.

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.