FMN (Federated Hermes Premier Municipalome Fund) Dividend Payout Ratio : 0.64 (As of May. 2024)

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What is Federated Hermes Premier Municipalome Fund Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio for the months ended in May. 2024 was 0.64.

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 0.91, which seems too high.

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

FMN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.8 Max: 1.36
Current: 0.91

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.

FMN's Dividend Payout Ratio is ranked worse than
64.93% of 1018 companies
in the Asset Management industry
Industry Median: 0.675 vs FMN: 0.91

As of today (2024-12-14), the Dividend Yield % of Federated Hermes Premier Municipalome Fund is 3.88%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Federated Hermes Premier Municipalome Fund was 6.65%. The lowest was 3.61%. And the median was 4.93%.

Federated Hermes Premier Municipalome Fund's Dividends per Share for the months ended in May. 2024 was $0.21.

During the past 12 months, Federated Hermes Premier Municipalome Fund's average Dividends Per Share Growth Rate was -13.40% 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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Federated Hermes Premier Municipalome Fund Dividend Payout Ratio Historical Data

The historical data trend for Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Federated Hermes Premier Municipalome Fund Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

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0.38

0.82

0.80

1.36

Federated Hermes Premier Municipalome Fund Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Dividend Payout Ratio	Get a 7-Day Free Trial									-	-	1.20	1.62	0.64

Competitive Comparison of Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio

For the Asset Management subindustry, Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Asset Management Industry

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

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

Federated Hermes Premier Municipalome Fund Dividend Payout Ratio Calculation

Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	0.449	/	0.33
	=	1.36

Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio for the quarter that ended in May. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: May. 2024 )	/	EPS without NRI (Q: May. 2024 )
	=	0.21	/	0.33
	=	0.64

Federated Hermes Premier Municipalome Fund (NYSE:FMN) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Federated Hermes Premier Municipalome Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Federated Hermes Premier Municipalome Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Federated Hermes Premier Municipalome Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Premier Municipal Income Fund (NYSE:FMN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000 Ericsson Drive, Warrendale, PA, USA, 15086-7561

Website

https://www.federatedhermes.com

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 by investing in long-term, tax exempt municipal bonds diversified among states, sectors and issuers.. 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