Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.0380 per share dividend, payable on October 1, 2024. The fund aims to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). The dividend amount remains unchanged from the previous month. The record date and ex-dividend date are set for September 23, 2024.

Federated Hermes, Inc. (NYSE: FHI), the 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 solutions to over 10,000 institutions and intermediaries worldwide, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.

Positive

• Consistent dividend payment of $0.0380 per share
• Dividend income exempt from regular federal income tax and AMT
• Federated Hermes manages $782.7 billion in assets
• Diverse range of investment solutions offered to over 10,000 clients globally

Negative

• No increase in dividend amount from previous month

News Market Reaction

+1.93%

1 alert

+1.93% News Effect

On the day this news was published, FHI gained 1.93%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, Sept. 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:                 Sept. 23, 2024     

Ex-Dividend Date:        Sept. 23, 2024

Payable Date:               Oct. 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 $782.7 billion in assets under management, as of June 30, 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-302243689.html

SOURCE Federated Hermes, Inc.

FAQ

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

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

When is the payable date for FMN's dividend?

The payable date for FMN's dividend is October 1, 2024.

Are FMN's dividends exempt from federal income tax?

Yes, FMN's dividends are exempt from regular federal income tax and the federal alternative minimum tax (AMT).

What is the record date for FMN's dividend?

The record date for FMN's dividend is September 23, 2024.

How much assets under management does Federated Hermes (FHI) have?

Federated Hermes (FHI) has $782.7 billion in assets under management as of June 30, 2024.