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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a — dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Monday, December 23rd will be paid a dividend of 0.04 per share on Thursday, January 2nd. This represents a dividend yield of 4%. The ex-dividend date is Monday, December 23rd.

Federated Hermes Premier Municipal Income Fund has decreased its dividend payment by an average of 10.4% per year over the last three years.

Federated Hermes Premier Municipal Income Fund Price Performance

Shares of Federated Hermes Premier Municipal Income Fund stock opened at $10.95 on Friday. The business has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $11.67. Federated Hermes Premier Municipal Income Fund has a 1 year low of $10.74 and a 1 year high of $12.53.

Insider Transactions at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 523,323 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $12.67, for a total value of $6,630,502.41. Following the completion of the sale, the insider now directly owns 1,111,886 shares in the company, valued at $14,087,595.62. The trade was a 32.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 524,791 shares of company stock worth $6,649,002.

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.