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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) declared a monthly dividend on Wednesday, April 10th, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.035 per share on Wednesday, May 1st. This represents a $0.42 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, April 22nd.

Federated Hermes Premier Municipal Income Fund Stock Performance

Shares of FMN stock opened at $11.03 on Friday. The business’s 50-day moving average price is $11.09. Federated Hermes Premier Municipal Income Fund has a 1 year low of $9.09 and a 1 year high of $11.31.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 2,449 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average price of $11.15 per share, with a total value of $27,306.35. Following the completion of the acquisition, the insider now owns 1,608,859 shares in the company, valued at approximately $17,938,777.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have bought 42,172 shares of company stock valued at $467,992.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

An institutional investor recently bought a new position in Federated Hermes Premier Municipal Income Fund stock. Pathstone Holdings LLC acquired a new position in shares of Federated Hermes Premier Municipal Income Fund (NYSE:FMN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 255,749 shares of the company’s stock, valued at approximately $2,811,000.

Federated Hermes Premier Municipal Income Fund Company Profile

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.