#United States #Pittsburgh #Federated Hermes #FMN #Municipal Income

Federated Hermes Premier Municipal Income Fund Declares Dividend

On January 10, 2025, the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced its latest dividend for investors, underscoring its ongoing commitment to providing tax-efficient investment opportunities. This fund aims to offer current dividend income that is exempt from regular federal income tax, making it an attractive option for a wide array of investors.

Key Dividend Details

The announced tax-free dividend stands at $0.0400 per share, reflecting no change from the previous month. Here are the important dates for the upcoming dividend:

• - Record Date: January 23, 2025
• - Ex-Dividend Date: January 23, 2025
• - Payable Date: February 3, 2025

These dates are crucial for investors who want to capitalize on this opportunity, as they align with the timelines for receiving the dividend.

Tax Exemption

One of the standout features of this fund is its ability to provide income that is exempt from the federal alternative minimum tax (AMT). This benefit makes it particularly appealing for investors in higher tax brackets who are looking for ways to minimize tax liabilities while still achieving consistent income.

The Fund's Purpose

The Federated Hermes Premier Municipal Income Fund focuses not only on generating income but also on nurturing a responsible investment environment. By emphasizing municipal bonds, the fund supports public sector projects while offering investors a steady stream of income without the tax burden. This balance between social responsibility and financial performance has attracted a diverse array of institutional and individual investors alike.

About Federated Hermes, Inc.

Federated Hermes is a global leader in actively managing responsible investments, with a staggering $800.5 billion in assets under management as of September 30, 2024. The firm provides various investment solutions tailored to help clients target a broad range of financial outcomes. Its offerings include equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.

The clientele comprises over 10,000 institutions and intermediaries, including corporations, government entities, foundations, and more. Federated Hermes operates from its headquarters in Pittsburgh, employing more than 2,000 professionals across its offices in London, New York, Boston, and other global locations.

For investors eager to know more about their portfolios or to explore other investment options, the Products section on FederatedHermes.com/us provides a comprehensive resource.

Conclusion

The Federated Hermes Premier Municipal Income Fund's recent dividend declaration emphasizes the firm's commitment to providing tax-efficient income solutions. It invites investors to consider the advantages of tax-exempt returns, especially in a climate where maximizing after-tax income is a significant priority for many. As always, potential investors should evaluate their financial circumstances and investment objectives before making decisions.

For further updates and news, keep an eye on future announcements from Federated Hermes.