PITTSBURGH, June 10, 2024 /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: |
June 21, 2024 |
|
Ex-Dividend Date: |
June 21, 2024 |
|
Payable Date: |
July 1, 2024 |
|
Amount |
Change From Previous Month |
|
$0.0380 |
$0.0030 |
The increase in the dividend is the result of higher portfolio income from reinvestment at higher market yields and some stability in financing costs due to the Federal Reserve holding short-term interest rates steady since July 2023. Over the long term, the fund distributes what it earns, only adding to or drawing down from its Undistributed Net Investment Income balance to smooth short-run dividend changes.
Investors can view additional portfolio information in the Products section of FederatedHermes.com/us.
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $778.7 billion in assets under management, as of March 31, 2024. 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 10,000 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 more than 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.
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SOURCE Federated Hermes, Inc.
