FMN
Price:
$10.88
Market Cap:
$125.10M
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
According to Federated Hermes Premier Municipal Income Fund’s latest financial reports and current stock price. The company's current ROE is 3.80%. This represents a change of 300.90% compared to the average of 0.95% of the last 4 quarters.
The mean historical ROE of Federated Hermes Premier Municipal Income Fund over the last ten years is 2.26%. The current 3.80% ROE has changed 68.58% with respect to the historical average. Over the past ten years (40 quarters), FMN's ROE was at its highest in in the August 2020 quarter at 3.54%. The ROE was at its lowest in in the February 2022 quarter at -7.94%.
Average
2.26%
Median
3.85%
Minimum
-22.33%
Maximum
12.69%
Discovering the peaks and valleys of Federated Hermes Premier Municipal Income Fund ROE, 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 = 13.75%
Maximum Annual ROE = 12.69%
Minimum Annual Increase = -536.45%
Minimum Annual ROE = -22.33%
Year | ROE | Change |
---|---|---|
2023 | 2.62% | -111.74% |
2022 | -22.33% | -536.45% |
2021 | 5.12% | 5.72% |
2020 | 4.84% | -56.02% |
2019 | 11.00% | 13.75% |
2018 | 0.08% | -97.69% |
2017 | 3.44% | 313.25% |
2016 | 0.83% | -80.42% |
2015 | 4.26% | -66.44% |
2014 | 12.69% | -274.31% |
The current ROE of Federated Hermes Premier Municipal Income Fund (FMN) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
-4.86%
5-year avg
0.25%
10-year avg
2.26%
Federated Hermes Premier Municipal Income Fund’s ROE is less than DWS Strategic Municipal Income Trust (5.50%), less than MFS Investment Grade Municipal Trust (2.17%), less than Eaton Vance Municipal Income Trust (3.97%), greater than Western Asset Municipal Partners Fund Inc. (-18.03%), greater than DTF Tax-Free Income 2028 Term Fund Inc. (-1.34%),
Company | ROE | Market cap |
---|---|---|
5.50% | $111.31M | |
2.17% | $64.49M | |
3.97% | $395.08M | |
-18.03% | $102.83M | |
-1.34% | $76.34M |
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How does the current ROE for Federated Hermes Premier Municipal Income Fund (FMN) compare to its historical average?