Federated Hermes Inc Stock Price, News & Analysis

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share, with a record date of March 23, 2022, and an ex-dividend date of March 22, 2022. This dividend is exempt from regular federal income tax as well as the federal alternative minimum tax (AMT). The payable date is set for April 1, 2022. This announcement emphasizes the fund's commitment to delivering current income to investors while maintaining a focus on tax efficiency.

Federated Hermes (NYSE: FHI) announced that its President and CEO, J. Christopher Donahue, will participate in a virtual discussion at the 2022 RBC Capital Markets Global Financials Conference on March 8, 2022, from 1:20 to 1:50 p.m. Eastern Time. Investors can listen to the live webcast on FederatedHermes.com. The company, which manages $668.9 billion in assets, focuses on responsible investment.

Federated Hermes, Inc. (NYSE: FHI) has filed its annual report on Form 10-K for the fiscal year ending December 31, 2021. The company reported $668.9 billion in assets under management, providing a diverse range of investment solutions to over 11,000 institutions and intermediaries globally. Their services encompass equity, fixed-income, alternative markets, and liquidity management strategies. The firm maintains a responsible approach to investing, which is integral to its long-term client relationships.

Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, payable on March 1, 2022. The record date for this dividend is February 23, 2022, with an ex-dividend date of February 22, 2022. This fund focuses on delivering current dividend income that is exempt from federal income tax and also income that is exempt from the federal alternative minimum tax. Federated Hermes manages $668.9 billion in assets and aims to provide varied investment solutions to institutional clients.

Federated Hermes Premier Municipal Income Fund (FMN) reported its fiscal year earnings for the year ending Nov. 30, 2021, showing a net investment income of $7.43 million or $0.65 per common share. The fund also recorded net realized and unrealized gains of $1.77 million or $0.16 per common share. Total portfolio assets were valued at $293.5 million, with a net asset value of $15.65 per share. FMN maintained a steady monthly dividend of $0.054 throughout the reported period, continuing its tradition of tax-free dividends since 2003.

Federated Hermes reported Q4 2021 EPS of $0.71, down from $0.93 in Q4 2020, with net income at $68.6 million versus $95.2 million a year earlier. Full-year EPS decreased to $2.75 compared to $3.23 in 2020. Total managed assets reached a record $668.9 billion, up 8% year-over-year. However, Q4 revenue fell by 12% primarily due to increased fee waivers and decreased performance fees. The company declared a quarterly dividend of $0.27, payable February 15, 2022. Increased short-term interest rates are anticipated, impacting future fee waivers significantly.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share, payable on February 1, 2022. Investors should note the record date of January 21, 2022 and the ex-dividend date on January 20, 2022. This tax-free dividend is exempt from federal income tax and the federal alternative minimum tax (AMT), aiming to provide current income for investors. Federated Hermes, Inc. (NYSE: FHI) manages $634.1 billion in assets, underscoring its significant position in the investment management sector.