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 provides tax-exempt income from regular federal income tax and federal alternative minimum tax (AMT), will distribute a dividend of $0.0400 per share, unchanged from the previous month.

Key dates for the dividend distribution are: Record Date and Ex-Dividend Date: April 23, 2025, and Payable Date: May 1, 2025. The announcement comes from Federated Hermes (NYSE: FHI), a global investment management firm managing $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide.

Positive

• Consistent dividend maintained at $0.0400 per share
• Tax-efficient income stream (federal tax and AMT exempt)
• Strong institutional presence with $829.6B assets under management

Negative

• No dividend growth compared to previous month

News Market Reaction

-0.96%

1 alert

-0.96% News Effect

On the day this news was published, FMN declined 0.96%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, April 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:	April 23, 2025
Ex-Dividend Date:	April 23, 2025
Payable Date:	May 1, 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 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.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-302425650.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount declared by Federated Hermes Premier Municipal Income Fund (FMN) for April 2025?

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

When is the dividend payment date for FMN's April 2025 distribution?

The dividend will be paid on May 1, 2025, with a record and ex-dividend date of April 23, 2025.

What tax benefits does FMN offer to investors?

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

How much assets under management does Federated Hermes (FHI) have as of December 2024?

Federated Hermes manages $829.6 billion in assets as of December 31, 2024.