Federated Hermes Premier Municipal Income Fund (FMN) to Issue Monthly Dividend of $0.05 on December 1st

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Monday, November 10th. Investors of record on Friday, November 21st will be paid a dividend of 0.045 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, November 21st.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of FMN stock opened at $11.21 on Wednesday. The stock’s fifty day moving average is $11.06 and its two-hundred day moving average is $10.78. Federated Hermes Premier Municipal Income Fund has a fifty-two week low of $10.11 and a fifty-two week high of $11.58.

Institutional Trading of Federated Hermes Premier Municipal Income Fund

Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Federated Hermes Premier Municipal Income Fund in the 3rd quarter valued at about $173,000. PFG Investments LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund in the third quarter valued at approximately $173,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Federated Hermes Premier Municipal Income Fund in the first quarter valued at approximately $190,000. Melfa Wealth Management Inc. lifted its position in Federated Hermes Premier Municipal Income Fund by 6.8% during the second 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 in the last quarter. Finally, North Ground Capital lifted its position in Federated Hermes Premier Municipal Income Fund by 72.8% during the third quarter. North Ground Capital now owns 34,371 shares of the company’s stock worth $379,000 after buying an additional 14,481 shares in the last quarter.

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.