Federated Hermes Premier Municipal Income Fund declares dividend

(Neutral)

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.0450 per share, representing a $0.0050 increase from the previous month. The dividend will be recorded on June 23, 2025, with the same ex-dividend date, and will be payable on July 1, 2025. The increase is attributed to reduced underlying leverage costs and accumulated undistributed net investment income. The fund, which provides tax-exempt income from regular federal income tax and AMT, also announced its annual shareholder meeting for September 12, 2025. Federated Hermes, Inc. (NYSE: FHI) manages $839.8 billion in assets as of March 31, 2025, serving over 10,000 institutions and intermediaries worldwide.

Positive

Dividend increased by $0.0050 to $0.0450 per share
Decrease in underlying leverage costs improving fund performance
Tax-exempt income benefits for investors (federal income tax and AMT)
Strong institutional presence with $839.8 billion in assets under management

Negative

None.

News Market Reaction – FHI

+0.90%

+0.90% Session move

In the trading session that priced this news, FHI gained 0.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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06/10/2025 - 09:01 AM

Sets date for annual fund shareholders meeting

PITTSBURGH, June 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:	June 23, 2025
Ex-Dividend Date:	June 23, 2025
Payable Date:	July 1, 2025

Amount	Change From Previous Month
$0.0450	$0.0050

The dividend increase reflects a recent decrease in underlying leverage costs combined with an accumulation of undistributed net investment income retained in the fund.

The fund also announced that its annual meeting of shareholders will be held on Friday, Sept. 12, 2025.

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-302477737.html

SOURCE Federated Hermes, Inc.

FAQ

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

The new dividend amount is $0.0450 per share, representing a $0.0050 increase from the previous month

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

The ex-dividend date is June 23, 2025

What tax benefits does FMN offer to investors?

The fund provides income that is exempt from both regular federal income tax and federal alternative minimum tax (AMT)

When is Federated Hermes Premier Municipal Income Fund's annual shareholder meeting?

The annual shareholder meeting will be held on Friday, September 12, 2025

What factors contributed to FMN's dividend increase?

The dividend increase reflects a decrease in underlying leverage costs and accumulated undistributed net investment income