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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Friday, November 22nd.

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

Federated Hermes Premier Municipal Income Fund Stock Performance

NYSE:FMN opened at $11.09 on Thursday. The company’s 50-day simple moving average is $11.92 and its 200-day simple moving average is $11.66. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.14 and a fifty-two week high of $12.53.

Insider Buying and Selling at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.67, for a total transaction of $6,630,502.41. Following the transaction, the insider now directly owns 1,111,886 shares of the company’s stock, valued at $14,087,595.62. This represents a 32.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 524,791 shares of company stock worth $6,649,002 over the last three months.

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.