Federated Hermes Premier Municipal Income Fund declares dividend

Rhea-AI Summary

Federated Hermes Premier Municipal Income Fund (FMN) announced a monthly dividend of $0.054 per share, exempt from federal income tax and alternative minimum tax (AMT). The record date for this dividend is November 23, 2020, with the ex-dividend date on November 20, 2020, and payment scheduled for December 1, 2020. The fund aims to provide current dividend income while managing a total of $614.8 billion in assets.

Positive

• Monthly dividend declared at $0.054 per share, offering tax-exempt income.
• Exemption from federal income tax and AMT enhances attractiveness to investors.
• Strong asset management with $614.8 billion in assets under management.

Negative

• None.

PITTSBURGH, Nov. 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:	Nov. 23, 2020
Ex-Dividend Date:	Nov. 20, 2020
Payable Date:	Dec. 1, 2020

 

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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SOURCE Federated Hermes, Inc.