Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.0400 per share, maintaining its focus on delivering tax-exempt income. This dividend is consistent with the previous month’s payout, reinforcing the fund’s goal of providing steady income that is exempt from federal income tax and the federal alternative minimum tax (AMT).
The dividend follows a regular distribution schedule, with the key dates set as May 23, 2025, for both the record and ex-dividend dates. The payment will be made on June 2, 2025. Investors must hold shares on or before the ex-dividend date to be eligible for the payout. Federated Hermes’ parent company, Federated Hermes (NYSE: FHI), has maintained dividend payments for 28 consecutive years, according to InvestingPro data.
FHI currently offers a dividend yield of 3.18%, supported by strong financial health and consistent cash flow, which ensures sufficient coverage for interest payments.
As of March 31, 2025, Federated Hermes, Inc. (NYSE: FHI) managed $839.8 billion in assets. The company offers a wide range of investment solutions, including equity, fixed income, private markets, multi-asset, and liquidity management strategies. With over 10,000 institutional clients worldwide, Federated Hermes continues to show robust financial performance, with a return on equity of 25% and a current ratio of 3.04, according to InvestingPro data.
Headquartered in Pittsburgh, with offices in New York, London, Boston, and other locations, Federated Hermes employs more than 2,000 people. The firm is committed to investment excellence, with comprehensive portfolio offerings available on its website.
This dividend declaration is part of the fund’s regular distribution plan, as stated in a press release from Federated Hermes. Shareholders are encouraged to review the latest updates and information available on the company’s website.
In other news, Federated Investors, Inc. reported strong results for the first quarter of 2025, surpassing earnings expectations with an earnings per share (EPS) of $1.25, compared to the forecasted $0.93. The company also reported revenue of $423.54 million, exceeding projections of $421.46 million. Federated Investors also achieved a record $840 billion in assets under management. The company raised its dividend to $0.34 per share, reflecting strong cash flow. Additionally, it completed the acquisition of a majority interest in Rivington Energy Management Limited, enhancing its private markets platform.
Analysts have not issued recent upgrades or downgrades for Federated Investors, highlighting its strong financial management and operational efficiency.
Related topics:
