Federated Hermes Premier Municipal Income Fund declares dividend

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0380 per share.

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0380 per share. The record and ex-dividend date is July 23, 2024, with payment scheduled on August 1, 2024. This dividend is exempt from regular federal income tax and the federal alternative minimum tax (AMT). Federated Hermes, a global leader in active investment management with $778.7 billion in assets under management as of March 31, 2024, manages the fund. The firm offers diverse investment strategies to over 10,000 institutions worldwide, with headquarters in Pittsburgh and offices globally.

Positive

• Declared tax-free dividend of $0.0380 per share for FMN.
• Dividend income exempt from regular federal income tax and AMT.
• Federated Hermes manages $778.7 billion in assets as of March 31, 2024, indicating strong financial stability.

Negative

• None.

Argus Session date unavailable

+0.93% session move Open Argus

Details

News Market Reaction – FHI

The recorded move for FHI in the trading session of this news was +0.93%.

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 Not now

PITTSBURGH, July 10, 2024 /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:                 July 23, 2024       

Ex-Dividend Date:        July 23, 2024

Payable Date:               Aug. 1, 2024 

Amount               Change From Previous Month

$0.0380                $0.0000

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 $778.7 billion in assets under management, as of March 31, 2024. 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.

###

View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-302193534.html

SOURCE Federated Hermes, Inc.

FAQ

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

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

The declared dividend for Federated Hermes Premier Municipal Income Fund (FMN) is $0.0380 per share.

When is the record date for the FMN dividend?

The record date for the FMN dividend is July 23, 2024.

When is the ex-dividend date for FMN?

The ex-dividend date for FMN is July 23, 2024.

When will the FMN dividend be paid?

The FMN dividend will be paid on August 1, 2024.

Is the FMN dividend exempt from federal income tax?

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

What are the assets under management for Federated Hermes?

Federated Hermes manages $778.7 billion in assets as of March 31, 2024.