Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which aims to provide tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT), will distribute $0.0400 per share. The dividend remains unchanged from the previous month.

The key dates for this dividend are: Record Date and Ex-Dividend Date: February 21, 2025, and Payable Date: March 3, 2025. Federated Hermes, Inc. (NYSE: FHI), the fund's manager, currently oversees $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide.

Positive

• Maintained stable dividend payout of $0.0400 per share
• Strong AUM of $829.6 billion demonstrates significant market presence
• Tax-efficient income stream (federal tax and AMT exempt)

Negative

• None.

News Market Reaction – FHI

-1.24%

1 alert

-1.24% News Effect

On the day this news was published, FHI declined 1.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, Feb. 10, 2025 /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:	Feb. 21, 2025
Ex-Dividend Date:	Feb. 21, 2025
Payable Date:	March 3, 2025

Amount	Change From Previous Month
$0.0400	$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 $829.6 billion in assets under management, as of Dec. 31, 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-302372365.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount for Federated Hermes Premier Municipal Income Fund (FMN) in February 2025?

The dividend amount is $0.0400 per share, unchanged from the previous month.

When is the ex-dividend date for FMN's February 2025 dividend?

The ex-dividend date is February 21, 2025.

What tax benefits does FMN offer to investors?

FMN offers dividend income that is exempt from both regular federal income tax and federal alternative minimum tax (AMT).

What is Federated Hermes' (FHI) total assets under management as of December 2024?

Federated Hermes had $829.6 billion in assets under management as of December 31, 2024.

When will FMN's February 2025 dividend be paid?

The dividend will be paid on March 3, 2025.