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. (FHI) delivers global asset management solutions through innovative strategies in equity, fixed income, and alternative investments. This news hub provides investors with official updates on corporate developments, financial performance, and strategic initiatives that shape the company's leadership in responsible investing.
Access timely press releases covering earnings announcements, leadership changes, product innovations, and stewardship activities. Our curated collection serves as a decision-making resource for tracking FHI's market positioning and commitment to long-term value creation.
Key updates include:
• Quarterly earnings and financial disclosures
• Strategic partnerships and acquisitions
• ESG initiatives and governance updates
• Product launches across investment verticals
Bookmark this page for direct access to Federated Hermes' verified corporate communications. Combine these updates with fundamental analysis tools on Stock Titan to monitor the company's evolving role in global capital markets.
Federated Hermes reported Q2 2022 earnings per diluted share of $0.64, up from $0.56 year-over-year, with net income reaching $57.7 million. Year-to-date earnings per share decreased to $1.24 from $1.31 in 2021. Total managed assets were $631.9 billion, a decline of 2% from the previous year. The company declared a quarterly dividend of $0.27 per share, payable August 15, 2022. Notably, the report included $20.9 million in net losses from investments.
Federated Hermes, Inc. (NYSE: FHI) announced the acquisition of C.W. Henderson and Associates, a Chicago-based investment advisor managing approximately $3.63 billion in tax-exempt municipal securities. The deal, expected to close in Q3 2022, allows Federated Hermes to enhance its $23 billion separately managed accounts (SMA) business and leverage C.W. Henderson's expertise in conservative municipal bond management. C.W. Henderson's team will join Federated Hermes, continuing to manage client portfolios under its brand.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share for its common shares, payable on August 1, 2022. The record date is July 22, 2022, and the ex-dividend date is July 21, 2022. This tax-free dividend income is exempt from regular federal income tax and the federal alternative minimum tax (AMT). The fund is also entering a three-year special terms period for its Variable Rate Municipal Term Preferred Shares, Series 2019, ensuring a fixed spread over the prevailing short-term tax-exempt rate.
Federated Hermes, Inc. (NYSE: FHI) will announce its financial results for the second quarter of 2022 on July 28, 2022. The conference call for investors is scheduled for July 29, 2022, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of March 31, 2022, the company manages $631.1 billion in assets for over 11,000 clients globally. Investors can access the conference call via phone or online at FederatedHermes.com.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.041 per share, down $(0.013) from the previous month. The record date is June 23, 2022, while the ex-dividend date is June 22, 2022, and payment will occur on July 1, 2022. The decline in the dividend is attributed to changes in portfolio income and a reduction in leverage from 42.8% to 36.8%, aimed at minimizing volatility in net asset value.
Federated Hermes, a leader in active investing, has secured a $1 billion private equity mandate from BT Pension Scheme, the UK's major pension fund. This new mandate, named Horizon III, is set to be implemented over three years and will focus on a globally diversified investment strategy, following past successful collaborations. Hermes GPE, the firm's private equity arm, aims to exploit opportunities across significant global megatrends, continuing its track record of delivering strong, risk-adjusted returns. With $631.1 billion in assets under management, Federated Hermes maintains a strong presence in global markets.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.054 tax-free dividend per share. This dividend is exempt from federal income tax as well as the federal alternative minimum tax (AMT). The record date for this dividend is May 23, 2022, with an ex-dividend date of May 20, 2022, and the payment will be made on June 1, 2022.
Federated Hermes, Inc. (NYSE: FHI) manages $631.1 billion in assets and offers a range of investment solutions globally.
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