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, with a record date of March 23, 2022, and an ex-dividend date of March 22, 2022. This dividend is exempt from regular federal income tax as well as the federal alternative minimum tax (AMT). The payable date is set for April 1, 2022. This announcement emphasizes the fund's commitment to delivering current income to investors while maintaining a focus on tax efficiency.

Positive

Declared a tax-free dividend of $0.054 per share.
Dividend income exempt from federal income tax and AMT.
Strong assets under management at $668.9 billion.

Negative

None.

News Market Reaction – FHI

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+1.16% Session move

In the trading session that priced this news, FHI gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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03/10/2022 - 09:05 AM

PITTSBURGH, March 10, 2022 /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:	March 23, 2022
Ex-Dividend Date:	March 22, 2022
Payable Date:	April 1, 2022

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 global leader in active, responsible investment management, with $668.9 billion in assets under management. 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 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. At Federated Hermes, responsibility is central to our client relationships, our long-term perspective and our fiduciary mindset. It's part of our heritage and the foundation of our future. Headquartered in Pittsburgh, Federated Hermes has nearly 2,000 employees 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-301500183.html

SOURCE Federated Hermes, Inc.

FAQ

What is the FMN dividend amount declared in March 2022?

The FMN dividend amount declared is $0.054 per share.

What is the record date for the FMN dividend?

The record date for the FMN dividend is March 23, 2022.

When is the payable date for the FMN dividend?

The payable date for the FMN dividend is April 1, 2022.

Is the FMN dividend exempt from taxes?

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

What is the ex-dividend date for FMN?

The ex-dividend date for FMN is March 22, 2022.