#United States #Pittsburgh #Federated Hermes #FMN

Federated Hermes Premier Municipal Income Fund Declares Dividend

On April 10, 2025, the Federated Hermes Premier Municipal Income Fund, listed on the NYSE as FMN, announced its latest dividend declaration. This fund aims to offer investors a reliable stream of income while ensuring that their returns are exempt from regular federal income tax. This announcement is particularly significant as it continues to support investors looking for efficient, tax-free income especially in a climate where maximizing returns is crucial.

Details of the Dividend Announcement

The newly declared dividend has been set at $0.0400 per share, with no change from the previous month’s dividend amount. The upcoming dividend has a record date of April 23, 2025, which means that investors must own shares of the fund by this date to qualify for the payment. The ex-dividend date, also set for April 23, 2025, indicates the first day that the shares will trade without the right to receive the upcoming payment. Finally, the funds are scheduled to be paid out on May 1, 2025, ensuring that investors will see their returns shortly after the record date.

The exemption from the federal alternative minimum tax (AMT) is another benefit that the fund provides, making it an attractive option for investors, particularly those in higher tax brackets. By delivering a tax-free income stream along with its income-exempt status, the Federated Hermes Premier Municipal Income Fund is uniquely positioned in the market.

About Federated Hermes, Inc.

With a strong foundation in active investment management, Federated Hermes, Inc. oversees a significant portfolio of approximately $829.6 billion in assets as of December 31, 2024. The firm offers a wide array of investment solutions tailored to meet the diverse needs of clients that include government entities, corporations, and institutional investors. Their strategies encompass equity, fixed-income, alternative markets, and liquidity management, effectively catering to more than 10,000 institutions worldwide.

Headquartered in Pittsburgh, Federated Hermes has developed a reputation for delivering quality investment management backed by a knowledgeable team of over 2,000 employees located in key markets, including London, New York, and Boston. This global presence helps the firm stay versatile and responsive to the needs of its clients across various sectors.

Conclusion

The recent declaration of a dividend by the Federated Hermes Premier Municipal Income Fund underscores the institution's ongoing commitment to providing investors with solid returns. The unique tax benefits associated with their income distributions set the fund apart in the competitive investment landscape. Investors are encouraged to keep abreast of any developments via the official Federated Hermes website, where further portfolio details and product offerings can be explored for enhanced investment strategies. As dividend payouts approach, stakeholders in this fund can anticipate continued financial support designed to optimize their investment experiences for years to come.