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) generates news flow typical of a diversified asset management firm, with quarterly earnings releases, fund performance updates, and corporate developments forming the regular cadence of announcements. As a publicly traded investment manager, the company reports on assets under management trends that reflect both market movements and net client flows.
The firm's news frequently covers acquisition activity as Federated Hermes pursues growth through strategic purchases of specialized investment managers. These transactions expand capabilities in areas like real estate, private credit, and alternative investments, adding new revenue streams to the existing platform.
Dividend announcements from the company's closed-end funds, particularly municipal income funds, appear regularly as these products distribute income to shareholders on monthly schedules. These announcements matter to income-focused investors tracking the funds.
Leadership transitions and organizational changes receive coverage given their potential impact on investment team continuity and firm strategy. Portfolio manager changes at major funds warrant attention from investors evaluating the stability of their holdings.
Following FHI news provides insight into broader asset management industry trends, including institutional investor preferences, fee pressures, and the growing importance of ESG and stewardship in investment decision-making. Bookmark this page to track developments at one of the industry's prominent responsible investing firms.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.054 per share, exempt from regular federal income tax, aimed at providing investors with current income. The record date is set for Dec. 23, 2021, with an ex-dividend date of Dec. 22, 2021 and the payable date on Jan. 3, 2022. Federated Hermes, Inc. (NYSE: FHI) reports $634.1 billion in assets under management as of Sept. 30, 2021, focusing on responsible investing across diverse strategies.
Federated Hermes Premier Municipal Income Fund (FMN) has declared a tax-free dividend of $0.054 per share. The record date is set for November 23, 2021, with the ex-dividend date on November 22, 2021 and payment to be made on December 1, 2021. This dividend provides investors with income exempt from regular federal income tax and the federal alternative minimum tax (AMT). Federated Hermes, Inc. manages approximately $634.1 billion in assets as of September 30, 2021.
Federated Hermes (NYSE: FHI) reported Q3 2021 earnings of $0.73 per share, down from $0.85 in Q3 2020, with net income at $71.4 million compared to $85.8 million last year. Year-to-date EPS declined to $2.04 from $2.29 in 2020. Total managed assets were $634.1 billion, up 3% year-over-year but down 2% from Q2 2021. The firm declared a dividend of $0.27 per share, payable on November 15, 2021. Notably, fixed-income assets reached a record $97.2 billion, driven by positive net flows for six consecutive quarters.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share. This dividend is scheduled with a record date on October 22, 2021, an ex-dividend date of October 21, 2021, and a payable date of November 1, 2021. The fund aims to provide investors with tax-exempt income from federal income tax and the alternative minimum tax (AMT). Federated Hermes, Inc. (NYSE: FHI) manages approximately $645.8 billion in assets as of June 30, 2021.
Federated Hermes, Inc. (NYSE: FHI) will release its financial results for Q3 2021 on October 28, 2021, after market close. A conference call for investors will follow on October 29, 2021, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of June 30, 2021, the company manages $645.8 billion in assets and provides a range of investment strategies to over 11,000 clients globally. For those interested, the call can be accessed via phone or through the company website.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced plans to redeem all outstanding Auction Market Preferred Shares (AMPS) on or about Nov. 3, 2021. The AMPS will be redeemed at $25,000 per share, totaling a liquidation preference of $1,175,000. The fund reserves the right to modify the redemption details if net asset value declines. Federated Hermes, Inc. (NYSE: FHI) manages $645.8 billion in assets, focusing on responsible long-term investment strategies.
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