Federated Hermes Premier Municipal Income Fund Announces 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 paid a dividend of 0.04 per share on Monday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, February 21st.

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

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE:FMN opened at $11.20 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 52 week low of $10.78 and a 52 week high of $12.53. The company has a 50-day moving average price of $11.05 and a 200 day moving average price of $11.55.

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.