Federated Hermes Premier Municipal Income Fund declares dividend

(Neutral)

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share. This dividend is scheduled with a record date on October 22, 2021, an ex-dividend date of October 21, 2021, and a payable date of November 1, 2021. The fund aims to provide investors with tax-exempt income from federal income tax and the alternative minimum tax (AMT). Federated Hermes, Inc. (NYSE: FHI) manages approximately $645.8 billion in assets as of June 30, 2021.

Positive

Tax-free dividend of $0.054 per share benefits investors.
Dividend payment demonstrates company confidence.

Negative

None.

News Market Reaction – FHI

-2.48%

-2.48% Session move

In the trading session that priced this news, FHI declined 2.48%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

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10/11/2021 - 09:00 AM

PITTSBURGH, Oct. 11, 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:	Oct. 22, 2021
Ex-Dividend Date:	Oct. 21, 2021
Payable Date:	Nov. 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. (NYSE: FHI) is a leading global investment manager with $645.8 billion in assets under management as of June 30, 2021. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 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.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301396972.html

SOURCE Federated Hermes, Inc.

FAQ

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

The dividend amount is $0.054 per share.

When is the record date for FMN's dividend?

The record date is October 22, 2021.

What is the ex-dividend date for FMN?

The ex-dividend date is October 21, 2021.

When will FMN's dividend be payable?

The dividend will be payable on November 1, 2021.

Is the dividend from FMN exempt from federal taxes?

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