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) launched the Conservative Microshort Fund and Conservative Municipal Microshort Fund to enhance liquidity management and yield potential. These actively managed funds target higher yields than typical money market strategies while aiming for lower net asset value volatility. The Conservative Microshort Fund focuses on capital preservation and current income, while the Conservative Municipal variant emphasizes tax-exempt income. Both funds will be managed by experienced teams with significant industry expertise, utilizing rigorous analysis and proprietary ESG insights.
Federated Hermes (NYSE: FHI) reported Q4 2020 earnings per diluted share (EPS) of $0.93, up from $0.81 in Q4 2019, with net income rising to $95.2 million from $82.1 million. For full-year 2020, EPS increased to $3.23 from $2.69, and net income climbed to $326.4 million versus $272.3 million in 2019. Total managed assets reached a record $619.4 billion, growing by 8% year-over-year. The board declared a quarterly dividend of $0.27 per share. Fixed-income assets surged by 22%, while equity and alternative market assets also hit records. Voluntary yield-related fee waivers amounted to $56.1 million in Q4.
Federated Hermes, Inc. (NYSE: FHI) will report its financial results for Q4 and the full year ending December 31, 2020, on January 28, 2021. A conference call for investors and analysts is scheduled for January 29, 2021, at 9 a.m. Eastern. The call will feature President and CEO J. Christopher Donahue and CFO Thomas R. Donahue. Investors can participate by phone or via the company's website. Federated Hermes manages $614.8 billion in assets, focusing on responsible investing across various strategies. For more information, visit FederatedHermes.com.
Federated Hermes, Inc. announced that the Federated Hermes Kaufmann Small Cap Fund will close to new investors starting March 1, 2021. Current investors and employer-sponsored retirement plans will still be able to invest. The fund's assets reached $10.1 billion as of December 24, 2020, a significant growth from $888 million in 2017. The fund is rated 5 stars by Morningstar in the Small Growth category. This decision aligns with Federated Hermes' commitment to responsible investing and fund capacity management.
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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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