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.
Summary not available.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a $0.041 tax-free dividend per share, payable on January 3, 2023. The record date for this dividend is December 23, 2022, with the ex-dividend date set for December 22, 2022. This dividend offers investors current income exempt from regular federal income tax and the federal alternative minimum tax (AMT). Federated Hermes manages $624.4 billion in assets, providing active investment strategies to a diverse client base worldwide.
Summary not available.
Federated Hermes Premier Municipal Income Fund (FMN) declared a dividend of $0.041 per share, payable on December 1, 2022. The record date is November 23, 2022, with an ex-dividend date set for November 22, 2022. This dividend is exempt from regular federal income tax and the federal alternative minimum tax (AMT), providing tax-efficient income for investors. Federated Hermes, Inc. (FHI) manages $624.4 billion in assets as of September 30, 2022, delivering diverse investment solutions globally.
Federated Hermes reported Q3 2022 earnings per diluted share of $0.78, up from $0.73 year-over-year, with net income of $69.5 million, down from $71.4 million. YTD EPS was $2.02 compared to $2.04 in 2021. The firm declared a $0.27 dividend, payable on Nov. 15, 2022. Total managed assets were $624.4 billion, down 2% from last year. Despite a 25% increase in operating expenses, revenue grew 17% due to reduced voluntary fee waivers, but the market value of investments caused significant losses impacting earnings.
Summary not available.
Federated Hermes Premier Municipal Income Fund has declared a dividend of $0.041 per share, providing tax-exempt income that is free from regular federal income tax and alternative minimum tax (AMT). The record date for this dividend is October 21, 2022, with an ex-dividend date on October 20, 2022, and it will be payable on November 1, 2022. This move aligns with the fund's commitment to offering current dividend income to its investors.
Federated Hermes, Inc. (NYSE: FHI) will report its financial results for Q3 2022 on October 27, 2022, after market close. The company, which currently manages $631.9 billion in assets, will conduct a conference call for investors on October 28, 2022, at 9 a.m. Eastern. CEO J. Christopher Donahue and CFO Thomas R. Donahue will host the call. Interested participants can access the call via phone or through their website. A replay will be available post-event.
Federated Hermes (NYSE: FHI) announced the acquisition of C.W. Henderson & Associates, adding more than $3.5 billion in separately managed account (SMA) assets focused on tax-exempt municipal securities. With this acquisition, Federated Hermes' total municipal bond assets under management rise to approximately $16.8 billion, including its existing $13.3 billion portfolio. The C.W. Henderson team, consisting of 11 members, will continue to manage their two municipal bond products, expanding Federated Hermes' investment strategy offerings and customer service capabilities.
Summary not available.