Federated Hermes Premier Municipal Income Fund

Federated Hermes Premier Municipal Income Fundverified

FMN

Price:

$12.42

Market Cap:

$142.81M

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 Dividend Yield as of September 2024 (TTM) for Federated Hermes Premier Municipal Income Fund (FMN) is 3.45%

According to Federated Hermes Premier Municipal Income Fund’s latest financial reports and current stock price. The company's current Dividend Yield is 3.45%. This represents a change of 249.23% compared to the average of 0.99% of the last 4 quarters.

Federated Hermes Premier Municipal Income Fund (FMN) Historical Dividend Yield (quarterly & annually)

How has FMN Dividend Yield performed in the past?

The mean historical Dividend Yield of Federated Hermes Premier Municipal Income Fund over the last ten years is 4.86%. The current 3.45% Dividend Yield has changed -28.93% with respect to the historical average. Over the past ten years (40 quarters), FMN's Dividend Yield was at its highest in in the November 2014 quarter at 1.54%. The Dividend Yield was at its lowest in in the August 2017 quarter at 0.66%.

Quarterly (TTM)
Annual

Average

4.86%

Median

4.71%

Minimum

2.80%

Maximum

6.19%

Federated Hermes Premier Municipal Income Fund (FMN) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Federated Hermes Premier Municipal Income Fund Dividend Yield, 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 = 76.78%

Maximum Annual Dividend Yield = 6.19%

Minimum Annual Increase = -53.82%

Minimum Annual Dividend Yield = 2.80%

Quarterly (TTM)
Annual
YearDividend YieldChange
20234.35%-18.24%
20225.32%24.04%
20214.29%2.01%
20204.21%-5.96%
20194.47%-9.65%
20184.95%76.78%
20172.80%-53.82%
20166.07%2.14%
20155.94%-4.09%
20146.19%-14.67%

Federated Hermes Premier Municipal Income Fund (FMN) Average Dividend Yield

How has FMN Dividend Yield performed in the past?

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

3-year avg

4.66%

5-year avg

4.53%

10-year avg

4.86%

Federated Hermes Premier Municipal Income Fund (FMN) Dividend Yield vs. Peers

How is FMN’s Dividend Yield compared to its peers?

Federated Hermes Premier Municipal Income Fund’s Dividend Yield is less than DWS Strategic Municipal Income Trust (2.91%), less than MFS Investment Grade Municipal Trust (3.24%), less than Eaton Vance Municipal Income Trust (4.87%), less than Western Asset Municipal Partners Fund Inc. (0.63%), less than DTF Tax-Free Income 2028 Term Fund Inc. (3.44%),

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