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 $0.054 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.
Federated Hermes (FHI) reported Q1 2022 earnings per diluted share of $0.61, down from $0.75 in Q1 2021, with net income at $55.9 million, compared to $74.5 million in the prior year. Total managed assets reached $631.1 billion, a decrease of 6% from the previous quarter. The board declared a quarterly dividend of $0.27. Key revenue drivers included long-term assets contributing 72% of the total revenue. Voluntary yield-related fee waivers impacted pre-tax income negatively. The firm continues to navigate a challenging market environment.
Summary not available.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a dividend of $0.054 per share. The dividend is tax-exempt from federal income tax and alternative minimum tax (AMT). Key dates include the record date on April 22, 2022, the ex-dividend date on April 21, 2022, and the payable date on May 2, 2022. Federated Hermes, Inc. (NYSE: FHI), with $668.9 billion in assets under management, is a leader in responsible investment management, providing a variety of investment solutions globally.
Federated Hermes, Inc. (NYSE: FHI) will report its financial results for Q1 2022 on April 28, 2022, after market close. A conference call with President J. Christopher Donahue and CFO Thomas R. Donahue is scheduled for April 29, 2022, at 9 a.m. Eastern. The company manages $668.9 billion in assets, providing a range of investment solutions to over 11,000 clients worldwide. The Annual Shareholder Meeting will also be held via teleconference on April 28, 2022, at 4 p.m. Eastern.
Federated Hermes, Inc. (NYSE: FHI) announced the reopening of its Kaufmann Small Cap Fund to new investors on April 18, 2022. Launched in December 2002, the fund aims for capital appreciation by investing in the common stocks of promising small companies. The reopening follows a previous closure to new investors effective March 1, 2021. The fund's B Shares will remain closed. Federated Hermes has $668.9 billion in assets under management as of December 31, 2021, indicating robust investment management capabilities.
Summary not available.
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.