Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend declaration of $0.0385 per share, with no change from the previous month. The record date for the dividend is set for April 21, 2023, while the ex-dividend date falls on April 20, 2023. Investors can expect payment on May 2, 2023. This fund focuses on delivering current dividend income that is exempt from regular federal income tax and alternative minimum tax (AMT). As of December 31, 2022, Federated Hermes managed $668.9 billion in assets, serving over 11,000 institutions globally.

Positive

• Dividend amount of $0.0385 per share is attractive for income-focused investors.
• Income from the fund is exempt from federal income tax and AMT, enhancing investor returns.

Negative

• None.

PITTSBURGH, April 10, 2023 /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 21, 2023
Ex-Dividend Date:	April 20, 2023
Payable Date:	May 2, 2023
Amount	Change From Previous Month
$0.0385	$ 0.000

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

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $668.9 billion in assets under management, as of Dec. 31, 2022. 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 11,000 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 nearly 2,000 employees in London, New York 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-301793208.html

SOURCE Federated Hermes, Inc.

FAQ

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

The dividend declared is $0.0385 per share.

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

The ex-dividend date is April 20, 2023.

What is the payable date for FMN's dividend?

The payable date is May 2, 2023.

Is the dividend from FMN exempt from federal taxes?

Yes, the dividend income is exempt from regular federal income tax and alternative minimum tax (AMT).

What are the total assets managed by Federated Hermes as of December 31, 2022?

Federated Hermes managed $668.9 billion in assets.