Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share, payable on February 1, 2022. Investors should note the record date of January 21, 2022 and the ex-dividend date on January 20, 2022. This tax-free dividend is exempt from federal income tax and the federal alternative minimum tax (AMT), aiming to provide current income for investors. Federated Hermes, Inc. (NYSE: FHI) manages $634.1 billion in assets, underscoring its significant position in the investment management sector.

Positive

• Dividend of $0.054 per share declared, providing income for shareholders.
• Tax-free income exempt from federal income tax and AMT.

Negative

• None.

PITTSBURGH, Jan. 10, 2022 /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:	Jan. 21, 2022
Ex-Dividend Date:	Jan. 20, 2022
Payable Date:	Feb. 1, 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.

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View original content:https://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301457184.html

SOURCE Federated Hermes, Inc.

FAQ

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

The dividend amount is $0.054 per share.

When is the ex-dividend date for FMN?

The ex-dividend date is January 20, 2022.

What is the payment date for FMN's dividend?

The payment date is February 1, 2022.

Is the dividend from FMN subject to federal income tax?

No, the dividend is exempt from regular federal income tax and AMT.

What is the significance of the record date for FMN's dividend?

The record date of January 21, 2022, is the date shareholders must be on the books to receive the dividend.