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.
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.
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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.
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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.
Federated Hermes, Inc. (NYSE: FHI) has introduced two new actively managed ETFs: the Federated Hermes Short Duration Corporate ETF (NYSE: FCSH) and the Federated Hermes Short Duration High Yield ETF (NYSE: FHYS). These ETFs leverage the firm's extensive experience in fixed-income management and ESG integration, addressing investor concerns about inflation and interest rate risks. The firm manages $97 billion in fixed income as of September 30, 2021, and emphasizes responsible investing. The ETFs are designed for investors seeking current income with lower duration risks.
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