Federated Hermes Premier Municipal Income Fund
FMNFinancial Services · Stock · monthly payer
$11.20
Add to PortfolioForward Yield
4.82%
Annual Dividend
$0.54
Payout Ratio
425%
5-Yr Growth
-2.1%
Ex-Date
May 22, 2026
Frequency
Monthly
FMN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is FMN a good dividend stock?
MixedFederated Hermes Premier Municipal Income Fund (FMN) pays a monthly dividend yielding 4.82% ($0.54/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (425%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.82%
- Payout Ratio
- 425%
- Annual Dividend
- $0.54
- 5-Yr Avg Growth
- -2.1%
- Ex-Dividend Date
- May 22, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.60
- Market Cap
- $87.6M
- P/E Ratio
- 93.3
- 5-Yr Total Return
- -28%
- 52-Week Range
- $10.40 – $11.40
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.0450 | regular |
| Apr 23, 2026 | — | $0.0450 | regular |
| Mar 23, 2026 | — | $0.0450 | regular |
| Feb 23, 2026 | — | $0.0450 | regular |
| Jan 23, 2026 | — | $0.0450 | regular |
| Dec 23, 2025 | — | $0.0450 | regular |
| Nov 21, 2025 | — | $0.0450 | regular |
| Oct 23, 2025 | — | $0.0450 | regular |
| Sep 23, 2025 | — | $0.0450 | regular |
| Aug 22, 2025 | — | $0.0450 | regular |
| Jul 23, 2025 | — | $0.0450 | regular |
| Jun 23, 2025 | — | $0.0450 | regular |
| May 23, 2025 | — | $0.0400 | regular |
| Apr 23, 2025 | — | $0.0400 | regular |
Income Calculator
At $0.54 / yr per share
