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. (NYSE: FHI) is a global active investment manager in the finance and insurance sector, with a focus on delivering equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Company press releases and SEC filings show that Federated Hermes regularly communicates with investors about its assets under management, product lineup and organizational developments.
The FHI news feed features earnings announcements, including detailed quarterly and year-to-date financial results, revenue by asset type, operating expenses and net income. These releases also discuss trends in assets under management, such as record levels in money market and fixed-income assets, and provide information on dividends declared by the board of directors.
Investors following FHI news will also see corporate and strategic updates, such as the definitive agreement to acquire a majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager. This type of news highlights how Federated Hermes is expanding its private markets and real estate capabilities, complementing its existing businesses in private equity, private credit, infrastructure, real estate and market neutral strategies.
Another recurring theme in Federated Hermes news is leadership and succession planning. The company has announced portfolio manager retirements, promotions within its fixed-income and municipal bond groups, and changes in executive leadership at its advisory subsidiaries and distribution arm. These updates describe how responsibilities are transitioning among experienced investment professionals and executives.
In addition, the news stream includes information on fund-specific developments, such as regular dividend declarations for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN), a fund that seeks to provide dividend income exempt from regular federal income tax and the federal alternative minimum tax. By reviewing FHI news, readers can monitor how Federated Hermes manages its product range, reports financial performance and executes its strategic plans over time.
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.
Federated Hermes, Inc. (NYSE: FHI) will report its financial and operating results for the quarter and year ended December 31, 2021, after market close on January 27, 2022. The company will host a conference call on January 28, 2022, at 9 a.m. Eastern, led by President J. Christopher Donahue and CFO Thomas R. Donahue. Investors can access the call by dialing specific numbers or through the company's website. As of September 30, 2021, Federated Hermes managed $634.1 billion in assets, catering to over 11,000 clients worldwide.
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