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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.04 per share on Monday, March 3rd. This represents a $0.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, February 21st.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 11.6% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE:FMN traded down $0.04 during mid-day trading on Tuesday, reaching $11.15. The stock had a trading volume of 53,578 shares, compared to its average volume of 44,184. The firm has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $11.57. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.78 and a twelve month high of $12.53.

Federated Hermes Premier Municipal Income Fund Company Profile

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.