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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Wednesday, April 23rd will be paid a dividend of 0.04 per share on Thursday, May 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Wednesday, April 23rd.

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 Trading Down 1.0 %

Shares of FMN stock opened at $10.25 on Friday. The company’s fifty day simple moving average is $10.97 and its two-hundred day simple moving average is $11.25. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.11 and a 52 week 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.