Federated Hermes Municipal Fund Announces Tax-Free Dividend Details
Federated Hermes Premier Municipal Income Fund Dividend Declaration
PITTSBURGH — Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has officially declared a dividend, aiming to provide its investors with current income that is exempt from regular federal income tax. This specific fund is designed to offer income that is also exempt from the federal alternative minimum tax (AMT), making it an attractive option for many.
Key Dividend Information
The following details are crucial for investors looking to maximize their returns: the amount per share, record date, ex-dividend date, and payable date.
Tax-Free Dividend Per Share
The declared amount stands at $0.0450 per share. This is a solid offering that provides investors with a consistent income stream while maintaining tax advantages.
Important Dates
Several key dates accompany the dividend declaration, which are critical for investors:
- Record Date: The record date for this dividend is set for October 23, 2025, ensuring that shareholders of record will receive the dividend.
- Ex-Dividend Date: This coincides with the record date, also on October 23, 2025. Investors need to be aware that purchasing shares on or after this date will not entitle the buyer to receive the declared dividend.
- Payable Date: Dividends will be payable to shareholders starting on November 3, 2025, marking when funds will be distributed.
Overview of Federated Hermes
Federated Hermes, Inc. (NYSE: FHI) holds a significant position as a global leader in active investment management, with an asset footprint of approximately $845.7 billion as of mid-2025. Their extensive array of investment strategies caters to diverse needs ranging from equities and fixed-income to alternative/private markets and multi-asset strategies.
Client Base and Services
The firm’s clients reflect a wide variety of entities, including major corporations, government bodies, insurance firms, and various foundations. This widespread reach emphasizes the trust and reliance that institutional clients place in Federated Hermes for their investment strategies.
Global Presence
Headquartered in Pittsburgh, Federated Hermes boasts a workforce exceeding 2,000 individuals across the globe with established offices in key financial centers like London, New York, and Boston. This international presence enables them to deliver tailored solutions to clients worldwide.
Conclusion
The announcement of the dividend by Federated Hermes Premier Municipal Income Fund speaks to the ongoing commitment of the company to its shareholders. By providing an income stream that offers tax advantages, the fund positions itself as an attractive option within the municipal investment landscape.
Frequently Asked Questions
What is the declared dividend amount for FMN?
The declared dividend amount for Federated Hermes Premier Municipal Income Fund (FMN) is $0.0450 per share.
When is the record date for the dividend?
The record date for the dividend is set for October 23, 2025.
What is an ex-dividend date?
The ex-dividend date is the date on which shares purchase do not entitle the buyer to the declared dividend. For FMN, this is also on October 23, 2025.
When will the dividend be payable?
Shareholders can expect the dividend payment on November 3, 2025.
What type of income does FMN provide?
Federated Hermes Premier Municipal Income Fund provides income that is exempt from regular federal income tax and the federal alternative minimum tax (AMT).
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