Federated Hermes Premier Municipal Income Fund (NYSE:FMN) Plans $0.04 — Dividend

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a — dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be given 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% annually over the last three years.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of NYSE:FMN traded down $0.04 during midday trading on Wednesday, hitting $11.43. 48,236 shares of the company’s stock traded hands, compared to its average volume of 32,416. Federated Hermes Premier Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.53. The firm’s fifty day moving average price is $11.64 and its two-hundred day moving average price is $11.67.

Insiders Place Their Bets

In other Federated Hermes Premier Municipal Income Fund 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 shares were sold at an average price of $12.67, for a total value of $6,630,502.41. Following the transaction, the insider now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 524,791 shares of company stock worth $6,649,002 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.