Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share, with the record date set for March 23, 2021, and the payable date on April 1, 2021. This fund aims to provide investors with current income that is exempt from federal income tax and the alternative minimum tax (AMT). Federated Hermes manages approximately $619.4 billion in assets, emphasizing responsible investing as a wealth-building strategy.

Positive

• Tax-free dividend declared at $0.054 per share.
• Dividend exempt from regular federal income tax and AMT.
• Strong assets under management totaling $619.4 billion.

Negative

• None.

News Market Reaction – FHI

+4.47%

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+4.47% News Effect

On the day this news was published, FHI gained 4.47%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, March 10, 2021 /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:	March 23, 2021
Ex-Dividend Date:	March 22, 2021
Payable Date:	April 1, 2021

Amount	Change From Previous Month
$0.054	$ --

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

Federated Hermes, Inc. is a leading global investment manager with $619.4 billion in assets under management as of Dec. 31, 2020. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 163 equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' more than 1,900 employees include those in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com.

View original content:http://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301244617.html

SOURCE Federated Hermes, Inc.

FAQ

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

The declared dividend amount is $0.054 per share.

What are the important dates related to the dividend for FMN?

The record date is March 23, 2021, the ex-dividend date is March 22, 2021, and the payable date is April 1, 2021.

Is the dividend from FMN exempt from taxes?

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

What is the total assets under management for Federated Hermes?

Federated Hermes has approximately $619.4 billion in assets under management.