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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, October 12th. Investors of record on Friday, October 23rd will be paid a dividend of $0.0450 per share on Monday, November 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 23rd.

Federated Hermes Premier Municipal Income Fund Stock Performance

NYSE:FMN traded down $0.03 during mid-day trading on Monday, hitting $9.99. 35,812 shares of the company’s stock traded hands, compared to its average volume of 28,049. Federated Hermes Premier Municipal Income Fund has a 1 year low of $9.77 and a 1 year high of $11.76. The firm’s 50 day simple moving average is $10.67 and its 200 day simple moving average is $11.01.

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 that is exempt from regular federal income tax. The fund pursues its objective primarily by investing in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States.

The fund’s investments may include general obligation bonds, revenue bonds and other fixed-income securities used to finance public projects and services.