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 $0.0380 per share, maintaining the same amount as the previous month. The dividend is payable on Sept. 3, 2024, with a record date and ex-dividend date of Aug. 23, 2024. FMN 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 parent company, is a global leader in active, responsible investment management with $782.7 billion in assets under management as of June 30, 2024. The company offers various investment strategies to over 10,000 institutions and intermediaries worldwide.
Positive
- Consistent dividend payment of $0.0380 per share
- Tax-free dividend exempt from regular federal income tax and AMT
- Federated Hermes manages $782.7 billion in assets
- Diverse client base including corporations, government entities, and financial institutions
Negative
- None.
News Market Reaction
On the day this news was published, FHI declined 1.66%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tax-Free Dividend Per Share | |
Record Date: | Aug. 23, 2024 |
Ex-Dividend Date: | Aug. 23, 2024 |
Payable Date: | Sept. 3, 2024 |
Amount | Change From Previous Month |
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
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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-302219403.html
SOURCE Federated Hermes, Inc.