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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, January 12th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.045 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, January 23rd.

Federated Hermes Premier Municipal Income Fund Stock Up 0.2%

Shares of NYSE FMN opened at $11.19 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.11 and a 1 year high of $11.38. The stock’s 50-day simple moving average is $11.12 and its 200-day simple moving average is $10.92.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

Institutional investors have recently modified their holdings of the company. Melfa Wealth Management Inc. lifted its position in shares of Federated Hermes Premier Municipal Income Fund by 6.8% during the 2nd quarter. Melfa Wealth Management Inc. now owns 26,121 shares of the company’s stock worth $278,000 after buying an additional 1,655 shares during the period. Noble Wealth Management PBC raised its stake in Federated Hermes Premier Municipal Income Fund by 5.7% during the fourth quarter. Noble Wealth Management PBC now owns 37,750 shares of the company’s stock worth $419,000 after acquiring an additional 2,050 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in shares of Federated Hermes Premier Municipal Income Fund by 3.0% during the third quarter. Riverbridge Partners LLC now owns 93,221 shares of the company’s stock valued at $1,029,000 after acquiring an additional 2,735 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Federated Hermes Premier Municipal Income Fund by 10.2% in the 2nd quarter. Raymond James Financial Inc. now owns 89,524 shares of the company’s stock valued at $953,000 after purchasing an additional 8,251 shares in the last quarter. Finally, North Ground Capital grew its holdings in shares of Federated Hermes Premier Municipal Income Fund by 72.8% in the 3rd quarter. North Ground Capital now owns 34,371 shares of the company’s stock worth $379,000 after purchasing an additional 14,481 shares during the last quarter.

About Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) is a closed-end management investment company that seeks to provide a high level of current income exempt from regular federal income tax, consistent with the preservation of capital. The fund primarily invests in a diversified portfolio of municipal securities, including investment-grade bonds, pre-refunded municipal obligations, variable rate demand obligations and related instruments. It may also allocate a portion of its assets to cash equivalents and repurchase agreements for liquidity and duration management.

The fund’s portfolio emphasizes quality and creditworthiness, focusing on sectors such as transportation, utilities, education and healthcare.