Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, marking no change from the previous month. The record date for this dividend is set for Dec. 23, 2020, with an ex-dividend date of Dec. 22, 2020, and a payable date on Jan. 4, 2021. This dividend is exempt from regular federal income tax and alternative minimum tax, making it attractive for investors seeking tax-free income.

Positive

• Dividend of $0.054 per share provides tax-free income for shareholders.
• No reduction in dividend from the previous month suggests stability.

Negative

• None.

News Market Reaction

-0.30%

1 alert

-0.30% News Effect

On the day this news was published, FHI declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PITTSBURGH, Dec. 10, 2020 /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).

Record Date:	Dec. 23, 2020
Ex-Dividend Date:	Dec. 22, 2020
Payable Date:	Jan. 4, 2021

 

Tax-Free Dividend Per Share
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 $614.8 billion in assets under management as of Sept. 30, 2020. 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' more than 1,900 employees include those in London, New York, Boston and several other offices worldwide. For more information, visit FederatedHermes.com.

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View original content:http://www.prnewswire.com/news-releases/federated-hermes-premier-municipal-income-fund-declares-dividend-301190430.html

SOURCE Federated Hermes, Inc.

FAQ

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

The declared dividend amount for FMN is $0.054 per share.

When is the record date for the dividend for FMN?

The record date for the FMN dividend is December 23, 2020.

What is the ex-dividend date for FMN?

The ex-dividend date for FMN is December 22, 2020.

When will shareholders receive the dividend payment for FMN?

Shareholders will receive the dividend payment for FMN on January 4, 2021.

Is the dividend from FMN subject to federal income tax?

No, the dividend from FMN is exempt from regular federal income tax and alternative minimum tax.