Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which aims to provide tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT), will distribute $0.0400 per share. The dividend amount remains unchanged from the previous month.

The key dates for this dividend distribution are: Record Date and Ex-Dividend Date: January 23, 2025, and Payable Date: February 3, 2025. Federated Hermes, the parent company (NYSE: FHI), manages $800.5 billion in assets as of September 30, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions.

Positive

• Maintained stable dividend of $0.0400 per share
• Strong AUM of $800.5 billion as of September 30, 2024
• Broad institutional client base of over 10,000 entities

Negative

• None.

PITTSBURGH, Jan. 10, 2025 /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:	Jan. 23, 2025
Ex-Dividend Date:	Jan. 23, 2025
Payable Date:	Feb. 3, 2025

Amount	Change From Previous Month
$0.0400	$0.0000

Investors can view additional portfolio information in the Products section of FederatedHermes.com/us.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $800.5 billion in assets under management, as of Sept. 30, 2024. 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 10,000 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 more than 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-302347990.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount for Federated Hermes Premier Municipal Income Fund (FMN) in January 2025?

The dividend amount is $0.0400 per share, unchanged from the previous month.

When is the ex-dividend date for FMN's January 2025 dividend?

The ex-dividend date is January 23, 2025.

What is the payment date for FMN's latest dividend?

The dividend payment date is February 3, 2025.

Is FMN's dividend exempt from federal income tax?

Yes, the fund's dividend income is exempt from regular federal income tax and federal alternative minimum tax (AMT).

What is Federated Hermes' (FHI) total assets under management as of September 2024?

Federated Hermes had $800.5 billion in assets under management as of September 30, 2024.