Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Announces Dividend Increase – $0.04 Per Share

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Thursday, January 23rd will be given a dividend of 0.04 per share on Monday, February 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, January 23rd. This is a positive change from Federated Hermes Premier Municipal Income Fund’s previous monthly dividend of $0.04.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Stock Down 0.4 %

FMN opened at $10.81 on Tuesday. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.74 and a twelve month high of $12.53. The company has a fifty day simple moving average of $11.15 and a 200 day simple moving average of $11.62.

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.