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

Federated Hermes Premier Municipal Income Fund (NYSE:FMN) announced a monthly dividend on Wednesday, April 10th, Zacks reports. Investors 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 yield of 3.81%. The ex-dividend date is Monday, April 22nd.

Federated Hermes Premier Municipal Income Fund Trading Up 0.5 %

Shares of NYSE FMN opened at $11.01 on Friday. Federated Hermes Premier Municipal Income Fund has a 12 month low of $9.09 and a 12 month high of $11.31. The stock has a 50 day simple moving average of $11.09.

Insider Transactions at Federated Hermes Premier Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 2,449 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $11.15 per share, for a total transaction of $27,306.35. Following the purchase, the insider now directly owns 1,608,859 shares in the company, valued at $17,938,777.85. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have purchased 42,172 shares of company stock worth $467,992.

Hedge Funds Weigh In On Federated Hermes Premier Municipal Income Fund

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

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.