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PITTSBURGH - Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend distribution for its shareholders, maintaining its commitment to delivering tax-exempt income. The declared dividend of $0.0400 per share is consistent with the previous month’s distribution, underscoring the fund’s objective to provide a steady stream of income that is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund’s parent company, Federated Hermes (NYSE: FHI), has maintained dividend payments for 28 consecutive years, according to InvestingPro data.
The key dates for the dividend are as follows: both the record date and the ex-dividend date are set for May 23, 2025, with the payment to be made on June 2, 2025. This schedule is critical for investors who wish to receive the dividend, as only those holding shares on or before the ex-dividend date will be eligible for the distribution. InvestingPro analysis shows FHI currently offers a dividend yield of 3.18%, supported by strong financial health metrics and robust cash flows that sufficiently cover interest payments.
Federated Hermes, Inc. (NYSE: FHI), the parent company of the fund, is a prominent entity in active investment management. As of March 31, 2025, the company managed assets totaling $839.8 billion. It offers a diverse range of investment solutions, including equity, fixed income, alternative/private markets, multi-asset, and liquidity management strategies. Its client base spans over 10,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers. The company demonstrates strong financial performance with a return on equity of 25% and a healthy current ratio of 3.04, according to recent InvestingPro data, which also indicates the stock is currently trading near its Fair Value.
With headquarters in Pittsburgh and a global footprint that extends to London, New York, Boston, and other international offices, Federated Hermes employs over 2,000 individuals. The firm’s dedication to investment excellence is reflected in its comprehensive portfolio offerings, further details of which can be found on its website.
This dividend declaration is part of the fund’s regular distribution strategy and is based on a press release statement issued by Federated Hermes, Inc. Investors and shareholders are encouraged to review additional fund information and portfolio updates available on the company’s website.
In other recent news, Federated Investors Inc reported a strong first quarter for 2025, surpassing earnings expectations with an earnings per share (EPS) of $1.25, compared to the forecasted $0.93. The company’s revenue also slightly exceeded projections, reaching $423.54 million against the anticipated $421.46 million. Additionally, Federated Investors achieved record assets under management, totaling $840 billion. The company declared an increased dividend of $0.34 per share, reflecting strong cash flow. Federated Investors also completed the acquisition of a majority interest in Rivington Energy Management Limited, enhancing its private markets platform. Analyst firms have not provided any recent upgrades or downgrades for the company. These developments highlight Federated Investors’ strong financial management and operational efficiency in the investment management sector.
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