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Federated Hermes Premier Municipal Income Fund declares dividend

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.054 per share, exempt from regular federal income tax, aimed at providing investors with current income.

(Neutral)

Sentiment and the balance of points

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Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.054 per share, exempt from regular federal income tax, aimed at providing investors with current income. The record date is set for Dec. 23, 2021, with an ex-dividend date of Dec. 22, 2021 and the payable date on Jan. 3, 2022. Federated Hermes, Inc. (NYSE: FHI) reports $634.1 billion in assets under management as of Sept. 30, 2021, focusing on responsible investing across diverse strategies.

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Positive

  • Dividend of $0.054 per share will provide attractive income to shareholders.
  • Income is exempt from federal income tax and alternative minimum tax.

Negative

  • None.
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-0.11% session move Open Argus
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News Market Reaction – FHI

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PITTSBURGH, Dec. 10, 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:

Dec. 23, 2021

Ex-Dividend Date:

Dec. 22, 2021

Payable Date:

Jan. 3, 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 leading global investment manager with $634.1 billion in assets under management as of Sept. 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.

                                                                                                                                                                 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301442232.html

SOURCE Federated Hermes, Inc.

FAQ

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

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

The dividend amount is $0.054 per share.

What is the record date for the FMN dividend?

The record date is Dec. 23, 2021.

When is the ex-dividend date for FMN?

The ex-dividend date is Dec. 22, 2021.

When will the FMN dividend be payable?

The dividend will be payable on Jan. 3, 2022.

Is the FMN dividend exempt from taxes?

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

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