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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Dividend Yield %

: 3.89% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Federated Hermes Premier Municipalome Fund is 3.89%.

Warning Sign:

Federated Hermes Premier Municipal Income Fund stock dividend yield is close to 10-year low.

The historical rank and industry rank for Federated Hermes Premier Municipalome Fund's Dividend Yield % or its related term are showing as below:

FMN' s Dividend Yield % Range Over the Past 10 Years
Min: 3.76   Med: 5.06   Max: 6.65
Current: 3.89

During the past 7 years, the highest Dividend Yield of Federated Hermes Premier Municipalome Fund was 6.65%. The lowest was 3.76%. And the median was 5.06%.

FMN's Dividend Yield % is ranked worse than
69.6% of 1217 companies
in the Asset Management industry
Industry Median: 5.66 vs FMN: 3.89

Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio for the six months ended in Nov. 2023 was 1.62.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Federated Hermes Premier Municipal Income Fund is 1.36, which seems too high.

During the past 7 years, the highest Dividend Payout Ratio of Federated Hermes Premier Municipalome Fund was 1.36. The lowest was 0.38. And the median was 0.80.

As of today (2024-04-19), the Forward Dividend Yield % of Federated Hermes Premier Municipalome Fund is 3.83%.

Federated Hermes Premier Municipalome Fund's Dividends per Share for the six months ended in Nov. 2023 was $0.21.

During the past 12 months, Federated Hermes Premier Municipalome Fund's average Dividends Per Share Growth Rate was -21.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -9.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -6.50% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Federated Hermes Premier Municipalome Fund was -2.10% per year. The lowest was -9.80% per year. And the median was -4.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Federated Hermes Premier Municipalome Fund Dividend Yield % Historical Data

The historical data trend for Federated Hermes Premier Municipalome Fund's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Federated Hermes Premier Municipalome Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Dividend Yield %
Premium Member Only Premium Member Only 4.44 4.24 4.25 5.19 4.31

Federated Hermes Premier Municipalome Fund Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.25 5.39 5.19 4.63 4.31

Competitive Comparison

For the Asset Management subindustry, Federated Hermes Premier Municipalome Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Federated Hermes Premier Municipalome Fund Dividend Yield % Distribution

For the Asset Management industry and Financial Services sector, Federated Hermes Premier Municipalome Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Federated Hermes Premier Municipalome Fund's Dividend Yield % falls into.



Federated Hermes Premier Municipalome Fund Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Federated Hermes Premier Municipalome Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0352024-03-212024-03-222024-04-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352024-02-222024-02-232024-03-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352024-01-222024-01-232024-02-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-12-212023-12-222024-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-11-212023-11-222023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-10-202023-10-232023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-09-212023-09-222023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-08-222023-08-232023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-07-202023-07-212023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0352023-06-222023-06-232023-07-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.0392023-05-222023-05-232023-06-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0392023-04-202023-04-212023-05-02Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Federated Hermes Premier Municipalome Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.428/11.025
=3.88 %

Current Share Price is $11.025.
Federated Hermes Premier Municipalome Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.428.

Federated Hermes Premier Municipalome Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.42/11.025
=3.81 %

Current Share Price is $11.025.
Federated Hermes Premier Municipalome Fund's Dividends per Share for the forward twelve months is calculated as $0.035 * 12 = $0.42.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Federated Hermes Premier Municipalome Fund  (NYSE:FMN) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Federated Hermes Premier Municipalome Fund Dividend Yield % Related Terms

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Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Business Description

Traded in Other Exchanges
N/A
Address
4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561
Federated Hermes Premier Municipal Income Fund is a United States-based diversified, closed-end management investment company. The investment objective of the fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax. Its portfolio of investments comprises different sectors such as hospitals, toll road, senior care, airport, tobacco, and other sectors.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Christopher Donahue director, officer: Trustee and President 5800 CORPORATE DRIVE, PITTSBURGH PA 15237-7000
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Christopher Herkins other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
Duwayne Walker other: Portfolio Manager 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Madelyn A Reilly director C/O 1001 LIBERTY AVENUE, PITTSBURGH PA 15222
Gallagher James J. Ii other: Director, Fed. Inv. Mgmt Co. 500 DELAWARE AVENUE, SUITE 1500, WILMINGTON DE 19801
Patrick Benacci other: Senior Trader 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
G. Thomas Hough director P.O. BOX 407, LAKELAND FL 33802
Meter Stephen Van officer: Chief Compliance Officer FEDERATED INVESTORS TOWER, 1001 LIBERTY AVENUE, PITTSBURGH PA 15222-3779
John T Collins director THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109
P Jerome Richey director 1800 WASHINGTON ROAD, PITTSBURGH PA 15421-1421
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036

Federated Hermes Premier Municipalome Fund (Federated Hermes Premier Municipalome Fund) Headlines