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 announced a dividend of $0.054 per share, exempt from federal income tax and alternative minimum tax. The record date for this dividend is May 21, 2021, with an ex-dividend date of May 20, 2021 and a payable date of June 1, 2021. Founded on the principle of responsible investing, Federated Hermes manages $625.0 billion in assets as of March 31, 2021, providing diverse investment solutions to over 11,000 clients globally.
Federated Hermes reported Q1 2021 earnings per diluted share of $0.75, up from $0.63 in Q1 2020, driven by a net income of $74.5 million. Total managed assets rose to $625.0 billion, growing 3% year-over-year. Notably, equity assets reached a record $96.2 billion, and fixed-income assets also hit a record $86.5 billion. The board declared a $0.27 dividend per share and approved a new share repurchase plan allowing up to 4 million shares to be bought back. However, revenue fell 5% year-over-year due to increased fee waivers.
Federated Hermes announced plans to acquire investment management assets from Horizon Advisers, reorganizing nine Hancock Horizon mutual funds into larger Federated Hermes funds. This transition involves approximately $568 million in assets, encompassing seven equity and two municipal bond funds. The reorganization has been approved by relevant boards and awaits shareholder approval, with meetings planned for September 2021. The firm aims to enhance its active investment strategies and maintain superior client service.
Federated Hermes (NYSE: FHI) will release its financial results for the quarter ending March 31, 2021, on April 29, 2021. A conference call will follow on April 30 at 9 a.m. Eastern, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. As of December 31, 2020, the firm manages $619.4 billion in assets across various investment strategies, serving over 11,000 clients worldwide. The Annual Shareholder Meeting will also occur via teleconference on April 29 at 4 p.m. Eastern.
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Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.054 per share, with the record date set for March 23, 2021, and the payable date on April 1, 2021. This fund aims to provide investors with current income that is exempt from federal income tax and the alternative minimum tax (AMT). Federated Hermes manages approximately $619.4 billion in assets, emphasizing responsible investing as a wealth-building strategy.
Federated Hermes, a leader in active investing, announced that President and CEO J. Christopher Donahue will participate in a virtual discussion at the 2021 RBC Capital Markets Global Financials Conference on March 9, 2021, from 2 to 2:30 p.m. Eastern. Investors can access a live webcast through FederatedHermes.com starting 15 minutes prior to the presentation. As of December 31, 2020, the firm managed $619.4 billion in assets, offering a range of investment strategies to over 11,000 clients globally.
Federated Hermes, Inc. (NYSE: FHI), a leader in active, responsible investing, filed its annual report on Form 10-K with the U.S. SEC for the fiscal year ending Dec. 31, 2020. The firm reported $619.4 billion in assets under management, reflecting its commitment to long-term wealth creation through responsible investing. Federated Hermes offers a diverse range of investment solutions including equity, fixed-income, and alternative strategies, serving over 11,000 institutions globally. The company's operations span various major cities, including Pittsburgh, London, New York, and Boston.
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Federated Hermes, a leader in active investing, announced that President and CEO J. Christopher Donahue will engage in a virtual discussion at the Credit Suisse Virtual Financial Services Forum on February 24, 2021, from 9:40 to 10:20 a.m. Eastern. Investors can access a live webcast of the event via FederatedHermes.com. With $619.4 billion in assets under management as of December 31, 2020, Federated Hermes offers diverse investment solutions across various strategies and serves over 11,000 clients globally.