Federated Hermes Premier Municipal Income Fund declares dividend

(Neutral)

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share. The dividend is tax-exempt from federal income tax and alternative minimum tax (AMT). Key dates include the record date on April 22, 2022, the ex-dividend date on April 21, 2022, and the payable date on May 2, 2022. Federated Hermes, Inc. (NYSE: FHI), with $668.9 billion in assets under management, is a leader in responsible investment management, providing a variety of investment solutions globally.

Positive

$0.054 dividend per share beneficial for income-focused investors.
Tax exemption from federal income tax increases attractiveness.
Company's strong asset management of $668.9 billion reflects stability.

Negative

None.

News Market Reaction – FHI

+0.62%

+0.62% Session move

In the trading session that priced this news, FHI gained 0.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

04/11/2022 - 09:18 AM

PITTSBURGH, April 11, 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:	April 22, 2022
Ex-Dividend Date:	April 21, 2022
Payable Date:	May 2, 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.

View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301522747.html

SOURCE Federated Hermes, Inc.

FAQ

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

The declared dividend amount is $0.054 per share.

When is the record date for the FMN dividend?

The record date for the FMN dividend is April 22, 2022.

What is the ex-dividend date for Federated Hermes Premier Municipal Income Fund?

The ex-dividend date is April 21, 2022.

When is the FMN dividend payable?

The dividend is payable on May 2, 2022.

Is the FMN dividend subject to federal income tax?

No, the dividend is exempt from federal income tax and alternative minimum tax (AMT).