Federated Hermes Premier Municipal Income Fund (FMN) To Go Ex-Dividend on July 23rd

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Wednesday, July 10th, Zacks reports. Shareholders of record on Tuesday, July 23rd will be paid a dividend of 0.038 per share on Thursday, August 1st. This represents a $0.46 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Tuesday, July 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend by an average of 10.4% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of FMN stock opened at $11.52 on Friday. The firm has a fifty day moving average of $11.31 and a 200-day moving average of $11.15. Federated Hermes Premier Municipal Income Fund has a 12-month low of $9.09 and a 12-month high of $11.70.

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.