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Stock impact report

Federated Hermes Premier Municipal Income Fund declares dividend

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: PR Newswire
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 ShareRecord Date: June 21, 2024      Ex-Dividend Date: June 21, 2024Payable Date: July 1, 2024Amount Change From Previous Month$0.0380$0.0030The 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 FederatedHerm Show less Read more
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