Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fundverified

FMN

Price:

$11.1

Market Cap:

$127.63M

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. It benchmarks the performance of its portfolio against S&P Municipal Bond Index. Federated Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

2002-12-20

Stock Exchange

NYSE

Ticker

FMN

The Current Ratio as of November 2024 (TTM) for Federated Hermes Premier Municipal Income Fund (FMN) is 4.36

According to Federated Hermes Premier Municipal Income Fund’s latest financial reports and current stock price. The company's current Current Ratio is 4.36. This represents a change of 67.00% compared to the average of 2.61 of the last 4 quarters.

Federated Hermes Premier Municipal Income Fund (FMN) Historical Current Ratio (quarterly & annually)

How has FMN Current Ratio performed in the past?

The mean historical Current Ratio of Federated Hermes Premier Municipal Income Fund over the last ten years is 2.98. The current 4.36 Current Ratio has changed 14.53% with respect to the historical average. Over the past ten years (40 quarters), FMN's Current Ratio was at its highest in in the November 2020 quarter at 6.70. The Current Ratio was at its lowest in in the August 2021 quarter at 0.81.

Quarterly (TTM)
Annual

Average

2.98

Median

2.55

Minimum

0.83

Maximum

6.70

Federated Hermes Premier Municipal Income Fund (FMN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Federated Hermes Premier Municipal Income Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 465.88%

Maximum Annual Current Ratio = 6.70

Minimum Annual Increase = -87.66%

Minimum Annual Current Ratio = 0.83

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.94-30.36%
20221.3664.17%
20210.83-87.66%
20206.7018.74%
20195.64465.88%
20181.00-76.95%
20174.32237.42%
20161.28-65.84%
20153.75-5.25%
20143.967.89%

Federated Hermes Premier Municipal Income Fund (FMN) Average Current Ratio

How has FMN Current Ratio performed in the past?

The current Current Ratio of Federated Hermes Premier Municipal Income Fund (FMN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.04

5-year avg

3.09

10-year avg

2.98

Federated Hermes Premier Municipal Income Fund (FMN) Current Ratio vs. Peers

How is FMN’s Current Ratio compared to its peers?

Federated Hermes Premier Municipal Income Fund’s Current Ratio is less than DWS Strategic Municipal Income Trust (8.93), greater than MFS Investment Grade Municipal Trust (3.11), greater than Eaton Vance Municipal Income Trust (1.55), greater than Western Asset Municipal Partners Fund Inc. (1.18), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46),

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