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.
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Federated Hermes Premier Municipal Income Fund (FMN) has declared a dividend of $0.054 per share, marking no change from the previous month. The record date for this dividend is set for Dec. 23, 2020, with an ex-dividend date of Dec. 22, 2020, and a payable date on Jan. 4, 2021. This dividend is exempt from regular federal income tax and alternative minimum tax, making it attractive for investors seeking tax-free income.
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Federated Hermes, Inc. (NYSE: FHI) announced that President and CEO J. Christopher Donahue will present at the BofA Securities Future of Financials 2020 Virtual Conference on November 9, 2020, at 11:20 a.m. Eastern. Investors can access a live webcast of the presentation via FederatedHermes.com. The company manages $614.8 billion in assets as of September 30, 2020, and provides investment solutions including equity, fixed-income, and alternative markets.
Federated Hermes, Inc. (FHI) reported Q3 2020 earnings per diluted share of $0.85, up from $0.72 a year ago, with net income reaching $85.8 million compared to $73.0 million in Q3 2019. Year-to-date EPS improved to $2.29 from $1.88 in 2019. Total managed assets were $614.8 billion, an increase of 17% year-over-year. The board declared a dividend of $1.27 per share, including a special dividend of $1.00. Despite strong revenue growth of 12% year-to-date, voluntary fee waivers impacted net income.
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Federated Hermes Premier Municipal Income Fund (FMN) has announced a dividend of $0.054 per share, with a record date of October 23, 2020 and an ex-dividend date of October 22, 2020. The payment date is set for November 2, 2020. This dividend is designed to provide investors with income exempt from federal income tax, including the alternative minimum tax (AMT). Federated Hermes, Inc. (FHI) manages $628.8 billion in assets as of June 30, 2020, focusing on responsible investing across various market strategies.
Federated Hermes, Inc. (NYSE: FHI) will release its financial results for the third quarter of 2020 on October 29, 2020, after market close. A conference call for investors is scheduled for October 30, 2020, at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of June 30, 2020, the firm managed $628.8 billion in assets across diverse investment strategies, serving over 11,000 clients worldwide. For details, visit FederatedHermes.com.
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