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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
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.
Details
News Market Reaction – FHI
The recorded move for FHI in the trading session of this news was -0.11%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 | |
| $ -- | |
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
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SOURCE Federated Hermes, Inc.
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