Federated Hermes Declares Tax-Free Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Newsfilter
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of February 23, 2026, and a payable date of March 2, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it particularly attractive to high-income investors, which could lead to increased capital inflows.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, underscoring its leadership in active investment management and its ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, reflecting its extensive influence and trust in the global market.
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Analyst Views on FMN
Wall Street analysts forecast FMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.290
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Current: 11.290
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About FMN
Federated Hermes Premier Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The investment objective of the Fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). The Fund normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment grade tax-exempt securities. The Fund may invest up to 20% of its total assets in tax-exempt securities of below investment grade quality (but not lower than B, including modifiers, sub-categories or gradations). The Fund invests in various sectors, including hospital, tobacco, toll road, senior care, airport, water and sewer, and other utility. The Fund’s investment advisor is Federated Investment Management Company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of February 23, 2026, and a payable date of March 2, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it attractive for investors seeking tax optimization, thereby enhancing its competitive position in the market.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, underscoring its leadership in the global active investment management sector and its ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, demonstrating its extensive market influence and the trust it has built among clients.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of February 23, 2026, and a payable date of March 2, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it particularly attractive to high-income investors, which could lead to increased capital inflows.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, underscoring its leadership in active investment management and its ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, reflecting its extensive influence and trust in the global market.
See More
Federated Hermes Releases December 2025 Fund Data, Managing $871.2 Billion in Assets
- Fund Data Release: On January 15, 2026, Federated Hermes announced that the fund composition and performance data for the Premier Municipal Income Fund as of December 31, 2025, is now available on its website, enhancing transparency for investors regarding fund performance.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages a total of $871.2 billion in assets, demonstrating its strong capabilities and market position in active investment management.
- Diverse Client Base: The company provides investment solutions to over 10,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, foundations, and banks, reflecting its diverse service capabilities.
- Global Employee Network: Federated Hermes employs over 2,000 staff worldwide, with offices in London, New York, and Boston, supporting its global operations and client services.
See More
Federated Hermes Releases December 2025 Fund Data, Managing $871.2 Billion in Assets
- Fund Data Release: On January 15, 2026, Federated Hermes announced that the fund composition and performance data for the Premier Municipal Income Fund as of December 2025 is now available on its website, enhancing transparency for investors regarding fund performance.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages a total of $871.2 billion in assets, showcasing its strong capabilities and market position in active investment management.
- Diverse Client Base: The company provides investment solutions to over 10,000 institutions and intermediaries globally, with clients including corporations, government entities, and insurance companies, indicating its significant influence across a diverse clientele.
- Global Employee Network: With over 2,000 employees across multiple offices worldwide, Federated Hermes demonstrates its international operational capabilities and extensive coverage of global markets.
See More
Federated Hermes Declares $0.045 Tax-Free Dividend Per Share
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.045 per share, with a record date of January 23, 2026, and a payable date of February 2, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing investment appeal.
- Management Changes: In anticipation of senior portfolio manager Lee Cunningham II's retirement on April 1, 2026, Federated Hermes will add two portfolio managers effective February 27, 2026, ensuring continuity in fund management and stability in investment strategies.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages $871.2 billion in assets, demonstrating its leadership in global active investment management and ability to provide diverse investment solutions to over 10,000 institutions and intermediaries.
- Global Business Presence: Headquartered in Pittsburgh, Federated Hermes has over 2,000 employees across offices in London, New York, Boston, and worldwide, showcasing its extensive influence and service capabilities in the global market.
See More
Federated Hermes Declares $0.045 Tax-Free Dividend Per Share
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.045 per share, with a record date of January 23, 2026, and a payable date of February 2, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing its appeal.
- Management Changes: In anticipation of senior portfolio manager Lee Cunningham II's retirement on April 1, 2026, Federated Hermes will add two portfolio managers on February 27, 2026, ensuring continuity and expertise in investment management.
- Portfolio Management: New portfolio managers Ann Ferentino and Derek Plaski will join the team, with Ferentino bringing 31 years of industry experience and Plaski having worked at Federated Hermes for 7 years, ensuring the team's professional capability and stability.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages $871.2 billion in assets, demonstrating its leadership in global active investment management and its ability to provide diverse investment solutions to over 10,000 institutions and intermediaries.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of February 23, 2026, and a payable date of March 2, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it attractive for investors seeking tax optimization, thereby enhancing its competitive position in the market.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, underscoring its leadership in the global active investment management sector and its ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, demonstrating its extensive market influence and the trust it has built among clients.
See More
Federated Hermes Declares Tax-Free Dividend
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.0450 per share, with a record date of February 23, 2026, and a payable date of March 2, 2026, indicating the company's commitment to providing stable income for investors.
- Tax Benefits: The fund's dividend income is exempt from both regular federal income tax and the federal alternative minimum tax (AMT), making it particularly attractive to high-income investors, which could lead to increased capital inflows.
- Asset Management Scale: As of December 31, 2025, Federated Hermes manages $902.6 billion in assets, underscoring its leadership in active investment management and its ability to offer diverse investment solutions to clients.
- Global Client Base: Federated Hermes serves over 11,000 institutions and intermediaries, including corporations, government entities, and insurance companies, reflecting its extensive influence and trust in the global market.
See More
Federated Hermes Releases December 2025 Fund Data, Managing $871.2 Billion in Assets
- Fund Data Release: On January 15, 2026, Federated Hermes announced that the fund composition and performance data for the Premier Municipal Income Fund as of December 31, 2025, is now available on its website, enhancing transparency for investors regarding fund performance.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages a total of $871.2 billion in assets, demonstrating its strong capabilities and market position in active investment management.
- Diverse Client Base: The company provides investment solutions to over 10,000 institutions and intermediaries globally, including corporations, government entities, insurance companies, foundations, and banks, reflecting its diverse service capabilities.
- Global Employee Network: Federated Hermes employs over 2,000 staff worldwide, with offices in London, New York, and Boston, supporting its global operations and client services.
See More
Federated Hermes Releases December 2025 Fund Data, Managing $871.2 Billion in Assets
- Fund Data Release: On January 15, 2026, Federated Hermes announced that the fund composition and performance data for the Premier Municipal Income Fund as of December 2025 is now available on its website, enhancing transparency for investors regarding fund performance.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages a total of $871.2 billion in assets, showcasing its strong capabilities and market position in active investment management.
- Diverse Client Base: The company provides investment solutions to over 10,000 institutions and intermediaries globally, with clients including corporations, government entities, and insurance companies, indicating its significant influence across a diverse clientele.
- Global Employee Network: With over 2,000 employees across multiple offices worldwide, Federated Hermes demonstrates its international operational capabilities and extensive coverage of global markets.
See More
Federated Hermes Declares $0.045 Tax-Free Dividend Per Share
- Dividend Announcement: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.045 per share, with a record date of January 23, 2026, and a payable date of February 2, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing investment appeal.
- Management Changes: In anticipation of senior portfolio manager Lee Cunningham II's retirement on April 1, 2026, Federated Hermes will add two portfolio managers effective February 27, 2026, ensuring continuity in fund management and stability in investment strategies.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages $871.2 billion in assets, demonstrating its leadership in global active investment management and ability to provide diverse investment solutions to over 10,000 institutions and intermediaries.
- Global Business Presence: Headquartered in Pittsburgh, Federated Hermes has over 2,000 employees across offices in London, New York, Boston, and worldwide, showcasing its extensive influence and service capabilities in the global market.
See More
Federated Hermes Declares $0.045 Tax-Free Dividend Per Share
- Dividend Declaration: Federated Hermes Premier Municipal Income Fund has declared a tax-free dividend of $0.045 per share, with a record date of January 23, 2026, and a payable date of February 2, 2026, aimed at providing investors with current income exempt from federal income tax, enhancing its appeal.
- Management Changes: In anticipation of senior portfolio manager Lee Cunningham II's retirement on April 1, 2026, Federated Hermes will add two portfolio managers on February 27, 2026, ensuring continuity and expertise in investment management.
- Portfolio Management: New portfolio managers Ann Ferentino and Derek Plaski will join the team, with Ferentino bringing 31 years of industry experience and Plaski having worked at Federated Hermes for 7 years, ensuring the team's professional capability and stability.
- Asset Management Scale: As of September 30, 2025, Federated Hermes manages $871.2 billion in assets, demonstrating its leadership in global active investment management and its ability to provide diverse investment solutions to over 10,000 institutions and intermediaries.
See More
