Welcome to our dedicated page for Federated Hermes news (Ticker: FHI), a resource for investors and traders seeking the latest updates and insights on Federated Hermes stock.
Federated Hermes, Inc. reports developments in active investment management across liquidity management, equity, fixed-income, alternative/private markets and multi-asset strategies for institutional and intermediary clients. Recurring updates cover earnings, managed-asset levels and flows, money market and equity asset trends, quarterly common-stock dividends, investor conference participation and shareholder-meeting matters.
Company news also includes product and platform actions, including dividends for Federated Hermes Premier Municipal Income Fund, leverage changes at that fund, leadership succession within investment-management units and completed acquisitions such as Federated Hermes FCP Manager, LLC, which expanded the firm's U.S. real estate and private-markets capabilities.
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Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend declaration of $0.0385 per share, with no change from the previous month. The record date for the dividend is set for April 21, 2023, while the ex-dividend date falls on April 20, 2023. Investors can expect payment on May 2, 2023. This fund focuses on delivering current dividend income that is exempt from regular federal income tax and alternative minimum tax (AMT). As of December 31, 2022, Federated Hermes managed $668.9 billion in assets, serving over 11,000 institutions globally.