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 will distribute a tax-free dividend of $0.0400 per share, maintaining the same amount as the previous month. The dividend has a record date and ex-dividend date of May 23, 2025, with payment scheduled for June 2, 2025.

The fund aims to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). Federated Hermes, Inc. (NYSE: FHI), the fund's manager, currently oversees $839.8 billion in assets under management as of March 31, 2025, serving over 10,000 institutions and intermediaries worldwide.

Positive

• Dividend maintained at $0.0400 per share
• Tax-free income benefits for investors (exempt from federal tax and AMT)
• Strong parent company with $839.8B in assets under management

Negative

• None.

News Market Reaction

+0.35%

1 alert

+0.35% News Effect

On the day this news was published, FHI gained 0.35%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, May 12, 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:	May 23, 2025
Ex-Dividend Date:	May 23, 2025
Payable Date:	June 2, 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 investment management, with $839.8 billion in assets under management, as of March 31, 2025. 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-302452389.html

SOURCE Federated Hermes, Inc.

FAQ

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

Federated Hermes Premier Municipal Income Fund (FMN) declared a tax-free dividend of $0.0400 per share for May 2025, maintaining the same amount as the previous month.

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

The ex-dividend date for FMN's May 2025 dividend is May 23, 2025.

Is FMN's dividend exempt from federal taxes?

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

What is Federated Hermes' (FHI) total assets under management as of March 2025?

Federated Hermes (FHI) reported $839.8 billion in assets under management as of March 31, 2025.

When will FMN's May 2025 dividend be paid?

The dividend will be paid on June 2, 2025.