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 (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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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.