FMN - Federated Hermes Premier Municipal Income Fund dividend declines by 6% to $0.0385
2023-03-10 09:07:02 ET
- Federated Hermes Premier Municipal Income Fund ( NYSE: FMN ) declares $0.0385/share monthly dividend , -6.1% decrease from prior dividend of $0.0410.
- Payable April 3; for shareholders of record March 23; ex-div March 22.
- The change from the previous month is due to ongoing rate increases from the Federal Reserve, which have caused the fund's cost of leverage to increase more rapidly than portfolio income.
- See FMN Dividend Scorecard, Yield Chart, & Dividend Growth.
For further details see:
Federated Hermes Premier Municipal Income Fund dividend declines by 6% to $0.0385