Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.054 per share tax-free dividend, payable on August 2, 2021. The record date is July 23, 2021 and the ex-dividend date is July 22, 2021. This fund aims to deliver current dividend income that is exempt from federal income tax and the federal alternative minimum tax (AMT). With $625 billion in assets under management, Federated Hermes emphasizes responsible investing as a strategy to create long-term wealth.

Positive

• Announcement of a tax-free dividend of $0.054 per share.
• Dividend income is exempt from federal income tax and AMT.
• Demonstrates company confidence in delivering income to shareholders.

Negative

• None.

News Market Reaction – FMN

+0.38%

1 alert

+0.38% News Effect

On the day this news was published, FMN gained 0.38%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, July 12, 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:	July 23, 2021
Ex-Dividend Date:	July 22, 2021
Payable Date:	Aug. 2, 2021
Amount	Change From Previous Month
$0.054	$ --

Investors can view additional portfolio information in the Products section of FederatedInvestors.com.

Federated Hermes, Inc. is a leading global investment manager with $625.0 billion in assets under management as of March 31, 2021. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span 163 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.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301331535.html

SOURCE Federated Hermes, Inc.

FAQ

What is the dividend amount declared by FMN?

The dividend amount declared by Federated Hermes Premier Municipal Income Fund (FMN) is $0.054 per share.

When is the payable date for FMN's dividend?

The payable date for FMN's dividend is August 2, 2021.

What are the record and ex-dividend dates for FMN?

The record date for FMN's dividend is July 23, 2021, and the ex-dividend date is July 22, 2021.

Is FMN's dividend income subject to federal income tax?

No, FMN's dividend income is exempt from regular federal income tax as well as the federal alternative minimum tax (AMT).

What is the focus of Federated Hermes as an investment manager?

Federated Hermes focuses on responsible investing as a method to create long-term wealth for its clients.