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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.045 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, May 22nd.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of FMN traded down $0.02 during trading hours on Monday, hitting $11.31. The company had a trading volume of 5,202 shares, compared to its average volume of 27,525. The firm has a fifty day moving average price of $11.11 and a 200-day moving average price of $11.14. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.40 and a 52-week high of $11.40.

Federated Hermes Premier Municipal Income Fund Company Profile

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.