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 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.
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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.
Summary not available.
Summary not available.
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.
Federated Hermes, Inc. (NYSE: FHI) announced the launch of the Federated Hermes MDT Market Neutral Fund on September 29, 2021, aiming for long-term capital appreciation while minimizing stock market risk. This fund employs a quantitative model with both long and short stock positions to reduce market volatility impacts, using the ICE BofA 3-Month Treasury Bill Index as a benchmark. Managed by an experienced team with nearly 70 years of combined industry expertise, the fund builds on the historical performance of the Hancock Horizon Fund, which was transitioned to Federated Hermes.