Federated Hermes Premier Municipal Income Fund declares dividend

Federated Hermes Premier Municipal Income Fund (FMN) has declared a tax-free dividend of $0.054 per share.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (FMN) has declared a tax-free dividend of $0.054 per share. The record date for this dividend is June 23, 2021, with the ex-dividend date set for June 22, 2021. Payments are scheduled for July 1, 2021. This dividend is designed to provide investors with income that is exempt from federal income tax, including the alternative minimum tax (AMT). Federated Hermes manages $625.0 billion in assets as of March 31, 2021, emphasizing responsible investing.

Positive

Declared a tax-free dividend of $0.054 per share.
Dividend income exempt from federal income tax and AMT.
Assets under management totaled $625.0 billion as of March 31, 2021.

Negative

None.

Argus Session date unavailable

-0.62% session move Open Argus

Details

News Market Reaction – FHI

The recorded move for FHI in the trading session of this news was -0.62%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

06/10/2021 - 09:00 AM

PITTSBURGH, June 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:	June 23, 2021
Ex-Dividend Date:	June 22, 2021
Payable Date:	July 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 $625.0 billion in assets under management as of March 31, 2021. 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' nearly 2,000 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-301310079.html

SOURCE Federated Hermes, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for FMN in June 2021?

The dividend amount for FMN in June 2021 is $0.054 per share.

When is the record date for the FMN dividend?

The record date for the FMN dividend is June 23, 2021.

What is the ex-dividend date for FMN?

The ex-dividend date for FMN is June 22, 2021.

When will the FMN dividend be payable?

The FMN dividend will be payable on July 1, 2021.

Is the FMN dividend exempt from federal tax?

Yes, the FMN dividend is exempt from federal income tax and AMT.

Federated Hermes Premier Municipal Income Fund declares dividend