Federated Hermes Premier Municipal Income Fund Declares Dividend
In an exciting announcement for investors, the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has officially declared a dividend. This development is particularly noteworthy for those seeking a reliable source of income that also boasts tax benefits.
The fund is committed to delivering current dividend income to its investors, all while ensuring that the income received is exempt from normal federal income taxes. Additionally, the returns offered are also exempt from the federal alternative minimum tax (AMT). This unique combination enables investors to maximize their returns while minimizing their tax liabilities, a critical consideration especially in today's economic environment.
Key Dividend Details
The specifics surrounding this dividend declaration are as follows:
- - Dividend Amount: $0.0400 per share
- - Record Date: May 23, 2025
- - Ex-Dividend Date: May 23, 2025
- - Payable Date: June 2, 2025
Notably, this represents no change from the previous month’s dividends, signaling a consistency in the fund’s performance that investors may find reassuring.
About Federated Hermes
Federated Hermes, Inc., the parent entity of the Premier Municipal Income Fund, stands as a prominent figure in the realm of active investment management. As of March 31, 2025, the firm proudly managed assets totaling approximately $839.8 billion. This impressive portfolio highlights the company’s expertise and capability to serve a diverse array of clients, including corporations, governmental entities, insurance firms, foundations, and endowments.
Headquartered in Pittsburgh, Federated Hermes operates with a robust team of over 2,000 professionals spread across major financial hubs including London, New York, and Boston. Their commitment is centered around delivering innovative investment solutions to over 10,000 institutions and intermediaries globally.
For investors and potential clients interested in exploring a wider range of investment options, additional portfolio information can be accessed through the Products section at
FederatedHermes.com/us.
In conclusion, the recent announcement by the Federated Hermes Premier Municipal Income Fund not only demonstrates the fund's reliability in providing consistent dividend income but also reinforces its status as a favored option for investors seeking tax-advantaged opportunities. With the landscape of investment continuously evolving, staying informed about such developments is crucial for any investor looking to optimize their portfolio.
This announcement highlights the fund's ongoing efforts to meet the needs of its investors, ensuring they are equipped with the necessary information to make informed financial decisions. As we look forward to the upcoming payment date, investors are encouraged to review their portfolios and consider the implications of this dividend declaration on their investment strategies.