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

Federated Hermes Premier Municipal Income Fund (FMN) has declared a monthly dividend of $0.038 per share, with an annualized dividend of $0.46 and a yield of 3.87%. The ex-dividend date is set for August 23rd, with payment scheduled for September 3rd. However, it is noteworthy that the fund has decreased its dividend payment by an average of 10.4% annually over the last three years, indicating a slight negative trend in dividend sustainability. The fund primarily invests in tax-exempt municipal bonds across various sectors in the U.S.

Federated Hermes

A global leader in active, responsible investment management, delivering investment solutions to help investors target a broad range of outcomes.

Federated Hermes, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.

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Federated Hermes

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