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.
Federated Hermes (NYSE: FHI) has partnered with PICTON S.A. to enhance its distribution in Latin America. This agreement allows PICTON to market Federated Hermes' funds to institutional clients in the region, focusing specifically on pension funds. With $628.8 billion in assets under management as of June 30, 2020, Federated Hermes aims to leverage PICTON's local expertise in Chile, Colombia, and Peru. The collaboration will involve PICTON providing due diligence and product analysis, thereby strengthening Federated Hermes' presence in the Latin American market.
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Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced a $0.050 tax-free dividend per share, with a record date of August 21, 2020 and an ex-dividend date of August 20, 2020. The dividend is exempt from federal income tax and the alternative minimum tax, benefiting investors seeking tax-efficient income. The payable date for the dividend is set for September 1, 2020.
Federated Hermes, Inc. (NYSE: FHI) manages $628.8 billion in assets as of June 30, 2020, and emphasizes responsible investing.
Federated Hermes, Inc. (NYSE: FHI) reported Q2 2020 earnings per diluted share of $0.80, up from $0.62 in Q2 2019, with net income increasing to $81.2 million. Year-to-date EPS reached $1.44, compared to $1.16 in 2019. Total managed assets hit a record $628.8 billion, up 25% year-over-year. Strong demand for fixed-income and money market strategies led to asset growth, with fixed-income assets rising to $73.1 billion. The board declared a quarterly dividend of $0.27 per share, payable August 14, 2020. However, equity assets decreased by 6% from the previous year due to net redemptions.
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Federated Hermes Premier Municipal Income Fund has announced a dividend payment of $0.050 per share, with a record date of July 23, 2020 and an ex-dividend date on July 22, 2020. The dividend is exempt from federal income tax and AMT. This fund aims to provide investors with current dividend income while managing a portfolio of $605.8 billion in assets as of March 31, 2020. The payable date is set for August 3, 2020.
Federated Hermes, Inc. (NYSE: FHI) will release its financial results for the quarter ended June 30, 2020 on July 30, 2020, post-market. An investor conference call, led by CEO J. Christopher Donahue and CFO Thomas R. Donahue, is scheduled for 9 a.m. Eastern on July 31, 2020. The company manages $605.8 billion in assets as of March 31, 2020, offering a range of investment strategies. Interested investors can access the call via dial-in or online at FederatedHermes.com.
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