PITTSBURGH - Federated Hermes (NYSE:FHI) Premier Municipal Income Fund (NYSE: FMN) has announced a monthly dividend distribution to its shareholders. The investment firm, known for its active, responsible investment management, declared a tax-free dividend of $0.0350 per share. This distribution is consistent with the previous month's dividend amount, indicating no change in the payout to investors.
The record date for this dividend is set for February 23, 2024, with the ex-dividend date following on February 22, 2024. Shareholders can expect the dividend to be payable on March 1, 2024. Federated Hermes emphasizes that this dividend income is exempt from regular federal income tax and also from the federal alternative minimum tax (AMT), offering a tax-efficient income stream to investors.
With $757.6 billion in assets under management as of December 31, 2023, Federated Hermes, Inc. (NYSE: FHI) serves a diverse clientele, including corporations, government entities, and various financial institutions. The firm operates globally, offering a wide range of investment solutions across equity, fixed-income, alternative markets, and more.
The information for this article is based on a press release statement from Federated Hermes, Inc.
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