Federated Hermes Premier Municipal Income Fund Declares Monthly Dividend of $0.05 (NYSE:FMN)

by · The Markets Daily

Federated Hermes Premier Municipal Income Fund (NYSE:FMN – Get Free Report) declared a monthly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.045 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.2%

Federated Hermes Premier Municipal Income Fund stock traded up $0.02 during midday trading on Wednesday, hitting $11.21. The stock had a trading volume of 13,491 shares, compared to its average volume of 24,827. Federated Hermes Premier Municipal Income Fund has a 52-week low of $10.40 and a 52-week high of $11.40. The firm’s fifty day moving average is $11.16 and its two-hundred day moving average is $11.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMN. Scarborough Advisors LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the 1st quarter worth about $30,000. Camelot Portfolios LLC purchased a new stake in shares of Federated Hermes Premier Municipal Income Fund in the fourth quarter valued at approximately $72,000. HighTower Advisors LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the fourth quarter worth approximately $119,000. Jane Street Group LLC bought a new position in Federated Hermes Premier Municipal Income Fund in the fourth quarter worth approximately $120,000. Finally, Savvy Advisors Inc. purchased a new position in Federated Hermes Premier Municipal Income Fund during the 4th quarter worth $143,000.

About Federated Hermes Premier Municipal Income Fund

(Get Free Report)

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.

See Also