Federated Hermes Premier Municipal Income Fund declares dividend

(Neutral)

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund has declared a dividend of $0.041 per share, providing tax-exempt income that is free from regular federal income tax and alternative minimum tax (AMT). The record date for this dividend is October 21, 2022, with an ex-dividend date on October 20, 2022, and it will be payable on November 1, 2022. This move aligns with the fund's commitment to offering current dividend income to its investors.

Positive

Declaring a tax-free dividend of $0.041 per share for shareholders.
Dividend income is exempt from federal income tax and AMT.

Negative

None.

News Market Reaction – FHI

+0.16%

+0.16% Session move

In the trading session that priced this news, FHI gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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10/10/2022 - 09:12 AM

PITTSBURGH, Oct. 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:	Oct. 21, 2022
Ex-Dividend Date:	Oct. 20, 2022
Payable Date:	Nov. 1, 2022


Amount	Change From Previous Month
$0.041	$ --

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 $631.9 billion in assets under management, as of June 30, 2022. 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 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-301644734.html

SOURCE Federated Hermes, Inc.

FAQ

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

The declared dividend amount is $0.041 per share.

When is the ex-dividend date for the Federated Hermes Premier Municipal Income Fund dividend?

The ex-dividend date is October 20, 2022.

When will the dividend be payable for Federated Hermes Premier Municipal Income Fund?

The dividend will be payable on November 1, 2022.

Is the dividend from Federated Hermes Premier Municipal Income Fund subject to federal taxes?

No, the dividend is exempt from regular federal income tax and alternative minimum tax (AMT).

What is the record date for the Federated Hermes Premier Municipal Income Fund dividend?

The record date is October 21, 2022.