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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Monday, October 12th. Investors of record on Friday, October 23rd will be given a dividend of $0.0450 per share on Monday, November 2nd. This represents a $0.54 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 1.6%

Shares of Federated Hermes Premier Municipal Income Fund stock opened at $10.12 on Wednesday. Federated Hermes Premier Municipal Income Fund has a 52-week low of $9.77 and a 52-week high of $11.76. The company has a 50 day moving average of $10.63 and a 200 day moving average of $11.00.

Institutional Investors Weigh In On Federated Hermes Premier Municipal Income Fund

Several institutional investors have recently modified their holdings of FMN. Rivernorth Capital Management LLC increased its holdings in Federated Hermes Premier Municipal Income Fund by 0.7% in the second quarter. Rivernorth Capital Management LLC now owns 147,928 shares of the company’s stock valued at $1,700,000 after buying an additional 1,001 shares during the last quarter. Riverbridge Partners LLC lifted its holdings in Federated Hermes Premier Municipal Income Fund by 12.1% during the 1st quarter. Riverbridge Partners LLC now owns 140,894 shares of the company’s stock worth $1,540,000 after buying an additional 15,195 shares during the last quarter. Bank of America Corp DE lifted its holdings in Federated Hermes Premier Municipal Income Fund by 7.0% during the 1st quarter. Bank of America Corp DE now owns 133,861 shares of the company’s stock worth $1,463,000 after buying an additional 8,804 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Federated Hermes Premier Municipal Income Fund by 601.0% during the 1st quarter. Bank of New York Mellon Corp now owns 101,531 shares of the company’s stock worth $1,110,000 after buying an additional 87,048 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Federated Hermes Premier Municipal Income Fund during the 2nd quarter worth about $840,000.

Federated Hermes Premier Municipal Income Fund Company Profile

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.