Federated Hermes Premier Municipal Income Fund declares dividend

(Neutral)

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.054 tax-free dividend per share. This dividend is exempt from federal income tax as well as the federal alternative minimum tax (AMT). The record date for this dividend is May 23, 2022, with an ex-dividend date of May 20, 2022, and the payment will be made on June 1, 2022.

Federated Hermes, Inc. (NYSE: FHI) manages $631.1 billion in assets and offers a range of investment solutions globally.

Positive

Declared a tax-free dividend of $0.054 per share, providing an income stream for shareholders.
Income exempt from federal income tax and alternative minimum tax increases appeal for investors.

Negative

None.

News Market Reaction – FHI

-0.13%

-0.13% Session move

In the trading session that priced this news, FHI declined 0.13%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/10/2022 - 09:05 AM

PITTSBURGH, May 10, 2022 /PRNewswire/ -- Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

Tax-Free Dividend Per Share

Record Date:	May 23, 2022
Ex-Dividend Date:	May 20, 2022
Payable Date:	June 1, 2022

Amount	Change From Previous Month
$0.054	$ --

Investors can view additional portfolio information in the Products section of FederatedInvestors.com.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $631.1 billion in assets under management. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has nearly 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301543905.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount for Federated Hermes Premier Municipal Income Fund (FMN)?

The declared dividend amount is $0.054 per share.

When is the record date for FMN's dividend?

The record date for the dividend is May 23, 2022.

What is the ex-dividend date for FMN?

The ex-dividend date for FMN is May 20, 2022.

When will the FMN dividend be paid?

The dividend will be payable on June 1, 2022.

Is the FMN dividend subject to federal income tax?

No, the dividend is exempt from federal income tax and the alternative minimum tax.