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Federated Hermes Premier Municipal Income Fund (FMN)

Financial Services | Asset Management | Pittsburgh, United States | NYSE
11.08 USD +0.01 (0.090%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 11.08
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 3:46 a.m. EDT

The immediate outlook remains neutral as the price hovers near the fifty-two-week low, offering no clear directional edge despite a modest statistical lean upward. The longer-term picture is significantly more concerning, as the asset has suffered a severe structural decline, dropping nearly 35% over the last nine years while failing to generate positive returns in the most recent year. This multi-year deterioration suggests the market has permanently reassessed the business quality downward, overriding any potential value arguments based on low multiples. On the income side, the situation is mixed: while the distribution rate is robust at nearly 5%, the payout ratio has tightened considerably to around 47% as earnings have contracted, indicating the yield is being sustained by cutting distributions rather than growing earnings.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.009070
MSTL0.009120
AutoARIMA0.009315
AutoTheta0.009345

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 61%
H-stat 4.90
Ljung-Box p 0.000
Jarque-Bera p 0.302
Excess Kurtosis -1.06
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-20
Last Dividend Date 2026-08-20
Debt to Equity Ratio 68.87
Revenue per Share 0.986
Market Cap 86,631,208
Trailing P/E 9.72
Beta 0.60
Profit Margins 12.05%
Website https://www.federatedinvestors.com/FII/closedendfunds/details/overview.do?basketid=10461

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.41% 4.86% 4.43% 4.48%
Dividend History
Date Dividend Yield %
2026-08-21 0.045 0.409463
2026-07-23 0.045 0.404676
2026-06-23 0.045 0.397527
2026-05-22 0.045 0.404676
2026-04-23 0.045 0.401070
2026-03-23 0.045 0.413223
2026-02-23 0.045 0.398583
2026-01-23 0.045 0.406872
2025-12-23 0.045 0.408719
2025-11-21 0.045 0.406137
2025-10-23 0.045 0.403950
2025-09-23 0.045 0.408348
2025-08-22 0.045 0.421743
2025-07-23 0.045 0.428980
2025-06-23 0.045 0.421348
2025-05-23 0.040 0.379147
2025-04-23 0.040 0.383509
2025-03-21 0.040 0.364964
2025-02-21 0.040 0.354610
2025-01-23 0.040 0.361664
2024-12-23 0.040 0.367647
2024-11-22 0.038 0.342342
2024-10-23 0.038 0.325064
2024-09-23 0.038 0.306205
2024-08-23 0.038 0.320946
2024-07-23 0.038 0.330722
2024-06-21 0.038 0.333041
2024-05-22 0.035 0.309461
2024-04-22 0.035 0.318761
2024-03-21 0.035 0.315884
2024-02-22 0.035 0.313059
2024-01-22 0.035 0.321691
2023-12-21 0.035 0.319927
2023-11-21 0.035 0.344488
2023-10-20 0.035 0.379610
2023-09-21 0.035 0.353179
2023-08-22 0.035 0.344488
2023-07-20 0.035 0.327103
2023-06-22 0.035 0.330500
2023-05-22 0.039 0.372849
2023-04-20 0.039 0.365169
2023-03-22 0.039 0.371429
2023-02-22 0.041 0.389734
2023-01-20 0.041 0.373066
2022-12-22 0.041 0.390848
2022-11-22 0.041 0.387158
2022-10-20 0.041 0.406343
2022-09-22 0.041 0.390105
2022-08-22 0.041 0.358079
2022-07-21 0.041 0.361871
2022-06-22 0.041 0.381750
2022-05-20 0.054 0.483005
2022-04-21 0.054 0.453020
2022-03-22 0.054 0.422866
2022-02-22 0.054 0.405405
2022-01-20 0.054 0.387374
2021-12-22 0.054 0.348612
2021-11-22 0.054 0.360000
2021-10-21 0.054 0.365606
2021-09-22 0.054 0.350877
2021-08-20 0.054 0.335612
2021-07-22 0.054 0.352021
2021-06-22 0.054 0.352711
2021-05-20 0.054 0.351563
2021-04-22 0.054 0.353403
2021-03-22 0.054 0.364865
2021-02-22 0.054 0.378416
2021-01-21 0.054 0.370117
2020-12-22 0.054 0.376045
2020-11-20 0.054 0.367847
2020-10-22 0.054 0.381087
2020-09-22 0.054 0.376307
2020-08-20 0.050 0.347705
2020-07-22 0.050 0.360490
2020-06-22 0.050 0.375094
2020-05-21 0.050 0.378788
2020-04-22 0.050 0.378501
2020-03-20 0.050 0.434028
2020-02-20 0.050 0.340368
2020-01-22 0.050 0.348675
2019-12-20 0.050 0.356888
2019-11-21 0.050 0.355872
2019-10-22 0.050 0.356633
2019-09-20 0.050 0.359195
2019-08-22 0.050 0.357654
2019-07-22 0.050 0.359971
2019-06-20 0.050 0.365230
2019-05-22 0.054 0.397937
2019-04-22 0.054 0.406933
2019-03-21 0.054 0.404494
2019-02-21 0.054 0.404494
2019-01-22 0.054 0.420561
2018-12-20 0.054 0.440457
2018-11-21 0.054 0.441899
2018-10-22 0.054 0.440098
2018-09-20 0.054 0.420233
2018-08-22 0.054 0.402985
2018-07-20 0.054 0.399113
2018-06-21 0.054 0.406933
2018-05-22 0.061 0.461422
2018-04-20 0.061 0.453869
2018-03-22 0.061 0.455224
2018-02-22 0.061 0.452522
2018-01-22 0.061 0.436026
2017-12-21 0.061 0.432011
2017-11-16 0.061 0.426872
2017-10-20 0.061 0.420690
2017-09-21 0.061 0.419821
2017-08-21 0.061 0.415815
2017-07-19 0.061 0.413279
2017-06-21 0.061 0.419244
2017-05-19 0.061 0.428070
2017-04-19 0.061 0.435403
2017-03-21 0.061 0.446559
2017-02-21 0.061 0.435403
2017-01-19 0.061 0.432931
2016-12-21 0.061 0.432011
2016-11-21 0.070 0.500000
2016-10-19 0.070 0.459921
2016-09-21 0.070 0.428135
2016-08-19 0.070 0.424242
2016-07-20 0.070 0.426050
2016-06-21 0.070 0.431832
2016-05-19 0.074 0.470738
2016-04-20 0.074 0.470439
2016-03-21 0.074 0.478655
2016-02-19 0.074 0.495315
2016-01-20 0.074 0.496978
2015-12-21 0.074 0.501016
2015-11-19 0.074 0.489418
2015-10-21 0.074 0.505464
2015-09-21 0.074 0.514962
2015-08-19 0.074 0.520394
2015-07-21 0.074 0.535844
2015-06-19 0.074 0.512111
2015-05-20 0.074 0.500000
2015-04-21 0.074 0.497312
2015-03-19 0.073 0.497954
2015-02-19 0.074 0.509993
2015-01-21 0.073 0.495251
2014-12-19 0.074 0.512111
2014-11-19 0.074 0.510345
2014-10-21 0.074 0.494983
2014-09-19 0.074 0.490391
2014-08-20 0.076 0.501650
2014-07-21 0.076 0.503311
2014-06-19 0.076 0.503311
2014-05-21 0.076 0.505992
2014-04-21 0.076 0.531840
2014-03-19 0.076 0.523777
2014-02-19 0.076 0.518417
2014-01-21 0.076 0.530726
2013-12-19 0.076 0.596546
2013-11-20 0.075 0.588697
2013-10-21 0.075 0.572082
2013-09-19 0.076 0.579710
2013-08-21 0.075 0.595238
2013-07-19 0.075 0.560538
2013-06-19 0.075 0.544662
2013-05-21 0.075 0.492126
2013-04-19 0.075 0.488918
2013-03-20 0.075 0.488599
2013-02-20 0.075 0.458435
2013-01-18 0.075 0.446694
2012-12-19 0.076 0.481622
2012-11-20 0.083 0.494048
2012-10-19 0.083 0.491706
2012-09-19 0.083 0.482278
2012-08-21 0.083 0.498798
2012-07-19 0.083 0.506406
2012-06-20 0.083 0.511399
2012-05-21 0.083 0.522670
2012-04-19 0.083 0.518426
2012-03-21 0.083 0.546772
2012-02-21 0.083 0.545335
2012-01-19 0.083 0.544619
2011-12-21 0.083 0.550763
2011-11-21 0.083 0.565395
2011-10-19 0.083 0.565395
2011-09-21 0.083 0.592011
2011-08-19 0.083 0.616184
2011-07-20 0.083 0.608504
2011-06-21 0.083 0.620793
2011-05-19 0.087 0.650711
2011-04-19 0.087 0.662605
2011-03-21 0.087 0.662605
2011-02-18 0.087 0.650711
2011-01-19 0.087 0.711948
2010-12-21 0.087 0.674942
2010-11-19 0.087 0.617459
2010-10-20 0.087 0.570866
2010-09-21 0.087 0.551680
2010-08-19 0.087 0.571616
2010-07-21 0.087 0.583893
2010-06-21 0.087 0.601660
2010-05-19 0.087 0.581940
2010-04-21 0.087 0.573879
2010-03-19 0.087 0.590231
2010-02-19 0.090 0.605653
2010-01-20 0.090 0.612245
2009-12-21 0.090 0.623701
2009-11-19 0.090 0.627178
2009-10-21 0.090 0.632467
2009-09-21 0.090 0.585938
2009-08-19 0.090 0.639659
2009-07-21 0.090 0.656934
2009-06-19 0.090 0.693374
2009-05-20 0.090 0.690184
2009-04-21 0.090 0.720576
2009-03-19 0.090 0.780572
2009-02-19 0.067 0.623836
2009-01-21 0.067 0.649225
2008-12-19 0.067 0.782710
2008-11-19 0.067 0.622677
2008-10-21 0.067 0.662710
2008-09-19 0.067 0.516975
2008-08-20 0.067 0.492647
2008-07-21 0.067 0.491563
2008-06-19 0.067 0.492647
2008-05-21 0.067 0.471499
2008-04-21 0.067 0.460165
2008-03-18 0.067 0.478571
2008-02-20 0.067 0.479599
2008-01-18 0.067 0.475515
2007-12-19 0.067 0.513017
2007-11-20 0.067 0.491924
2007-10-19 0.067 0.445183
2007-09-19 0.067 0.454854
2007-08-21 0.067 0.461751
2007-07-19 0.067 0.440789
2007-06-20 0.067 0.439344
2007-05-21 0.067 0.434219
2007-04-19 0.067 0.421119
2007-03-21 0.067 0.420854
2007-02-21 0.067 0.436767
2007-01-19 0.067 0.428389
2006-12-20 0.067 0.431145
2006-11-20 0.067 0.432258
2006-10-19 0.073 0.466752
2006-09-20 0.073 0.465561
2006-08-21 0.073 0.474951
2006-07-19 0.073 0.493243
2006-06-21 0.073 0.485050
2006-05-19 0.073 0.493911
2006-04-19 0.073 0.492578
2006-03-21 0.073 0.491582
2006-02-21 0.073 0.487316
2006-01-19 0.073 0.481848
2005-12-21 0.073 0.501718
2005-11-21 0.073 0.512640
2005-10-19 0.073 0.515901
2005-09-21 0.073 0.479632
2005-08-19 0.084 0.533333
2005-07-20 0.084 0.535032
2005-06-21 0.084 0.538462
2005-05-19 0.084 0.566038
2005-04-20 0.084 0.580913
2005-03-21 0.084 0.583333
2005-02-18 0.084 0.577717
2005-01-19 0.084 0.571429
2004-12-21 0.084 0.598291
2004-11-19 0.084 0.592384
2004-10-20 0.084 0.573770
2004-09-21 0.084 0.587002
2004-08-19 0.084 0.600858
2004-07-21 0.084 0.620843
2004-06-21 0.084 0.640732
2004-05-19 0.084 0.653696
2004-04-21 0.084 0.596591
2004-03-19 0.084 0.561497
2004-02-19 0.084 0.564137
2004-01-21 0.084 0.574555
2003-12-19 0.084 0.594059
2003-11-19 0.084 0.594901
2003-10-21 0.084 0.600000
2003-09-19 0.084 0.604752
2003-08-20 0.084 0.596591
2003-07-21 0.084 0.577717
2003-06-19 0.084 0.567184
2003-05-21 0.084 0.565657
2003-04-21 0.084 0.582524
2003-03-19 0.084 0.595745
2003-02-19 0.084 0.610909
Additional Data
dividendRate 0.54
dividendYield 4.88
exDividendDate 2026-08-21
trailingAnnualDividendRate 0.505
trailingAnnualDividendYield 0.04561879
lastDividendValue 0.045
lastDividendDate 2026-08-21
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change 0.042372823
Address1 1,001 Liberty Avenue
All Time High 17.59
All Time Low 7.04
Ask 11.11
Ask Size 200
Average Daily Volume10 Day 17,900
Average Daily Volume3 Month 22,675
Average Volume 22,675
Average Volume10Days 17,900
Beta 0.6
Bid 11.02
Bid Size 300
Book Value 12.507
City Pittsburgh
Compensation As Of Epoch Date 1,356,912,000
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.08
Current Ratio 3.379
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 11.118
Day Low 11.03
Debt To Equity 68.87
Dividend Date 1,548,979,200
Dividend Rate 0.54
Dividend Yield 4.88
Earnings Growth -0.109
Earnings Quarterly Growth -0.109
Earnings Timestamp End 1,708,462,800
Earnings Timestamp Start 1,707,771,600
Ebitda Margins 0.0
Enterprise To Revenue 19.975
Enterprise Value 153,920,224
Eps Trailing Twelve Months 1.14
Esg Populated 0
Ex Dividend Date 1,787,270,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 412-288-3939
Fifty Day Average 11.2304
Fifty Day Average Change -0.15040016
Fifty Day Average Change Percent -0.013392235
Fifty Two Week Change Percent 4.2372823
Fifty Two Week High 11.76
Fifty Two Week High Change -0.6800003
Fifty Two Week High Change Percent -0.057823155
Fifty Two Week Low 10.58
Fifty Two Week Low Change 0.5
Fifty Two Week Low Change Percent 0.04725898
Fifty Two Week Range 10.58 - 11.76
Financial Currency USD
First Trade Date Milliseconds 1,040,394,600,000
Five Year Avg Dividend Yield 4.52
Free Cashflow 2,324,033
Full Exchange Name NYSE
Fullday Change 0.0100002
Fullday Change Percent 0.0903363
Fullday Price 11.08
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 7,705,711
Has Pre Post Market Data 1
Held Percent Insiders 0.00085
Held Percent Institutions 0.47511002
Implied Shares Outstanding 7,818,701
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,787,270,400
Last Dividend Value 0.045
Last Fiscal Year End 1,764,460,800
Long Business Summary Federated Hermes 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 Hermes Premier Municipal Income Fund was formed on December 20, 2002 and is domiciled in United States.
Long Name Federated Hermes Premier Municipal Income Fund
Market us_market
Market Cap 86,631,208
Market State CLOSED
Max Age 86,400
Message Board Id finmb_6166318
Most Recent Quarter 1,764,460,800
Net Income To Common 928,368
Next Fiscal Year End 1,795,996,800
Non Diluted Market Cap 86,553,020
Open 11.09
Operating Cashflow 3,959,556
Operating Margins 0.87861997
Payout Ratio 0.4737
Phone 412-288-1900
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 11.08
Post Market Time 1,787,959,805
Previous Close 11.07
Price Hint 2
Price To Book 0.8859039
Price To Sales Trailing12 Months 11.242468
Profit Margins 0.12048
Quick Ratio 3.379
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0100002
Regular Market Change Percent 0.0903363
Regular Market Day High 11.118
Regular Market Day Low 11.03
Regular Market Day Range 11.03 - 11.118
Regular Market Open 11.09
Regular Market Previous Close 11.07
Regular Market Price 11.08
Regular Market Time 1,787,947,203
Regular Market Volume 15,497
Return On Assets 0.025220001
Return On Equity 0.00935
Revenue Growth -0.223
Revenue Per Share 0.986
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 7,818,701
Shares Percent Shares Out 0.0027
Shares Short 21,495
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 30,266
Short Name Federated Premier Municipal Inc
Short Percent Of Float 0.0028
Short Ratio 0.92
Source Interval 15
State PA
Symbol FMN
Total Cash 60,986
Total Cash Per Share 0.008
Total Debt 67,350,000
Total Revenue 7,705,711
Tradeable 0
Trailing Annual Dividend Rate 0.505
Trailing Annual Dividend Yield 0.04561879
Trailing Eps 1.14
Trailing P E 9.719298
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.17555
Two Hundred Day Average Change -0.09555054
Two Hundred Day Average Change Percent -0.008549962
Type Disp Equity
Volume 15,497
Website https://www.federatedinvestors.com/FII/closedendfunds/details/overview.do?basketid=10461
Zip 15,222