Federated Hermes Inc Stock Price, News & Analysis

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which aims to provide tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT), will distribute $0.0400 per share. The dividend amount remains unchanged from the previous month.

The key dates for this dividend distribution are: Record Date and Ex-Dividend Date: January 23, 2025, and Payable Date: February 3, 2025. Federated Hermes, the parent company (NYSE: FHI), manages $800.5 billion in assets as of September 30, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions.

Federated Hermes (NYSE: FHI) has announced it will release its Q4 and full-year 2024 financial results after market close on January 30, 2025. The company will host a conference call for investors and analysts on January 31, 2025, at 9 a.m. Eastern, led by President and CEO J. Christopher Donahue and CFO Thomas R. Donahue.

The global investment management firm, which manages $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Investors can access the call via phone or through the company's website, with replay options available through both channels. The company employs more than 2,000 people across offices in Pittsburgh, London, New York, Boston, and other global locations.

Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of November 30, 2024. The data can be accessed in the Products section of FederatedHermes.com/us.

The company, managing $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Federated Hermes specializes in active, responsible investment management, offering equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh and over 2,000 employees across London, New York, Boston, and other global offices, they serve diverse clients including corporations, government entities, insurance companies, foundations, endowments, and financial institutions.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0400 per share, representing a $0.0020 increase from the previous month. The dividend will be payable on January 2, 2025, to shareholders of record as of December 23, 2024.

The dividend increase stems from higher portfolio income achieved by reducing mid- and high-quality securities in favor of higher-yielding BBB and lower-rated securities. Additionally, the fund announced board changes effective January 1, 2025, with Maureen Lally-Green and P. Jerome Richey retiring, and Karen L. Larrimer, Max F. Miller, and Frank J. Nasta joining as independent trustees.

Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of October 31, 2024. The data can be accessed in the Products section of FederatedHermes.com/us.

The company, managing $800.5 billion in assets as of September 30, 2024, serves over 10,000 institutions and intermediaries worldwide. Federated Hermes provides various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh, the company employs more than 2,000 people across offices in London, New York, Boston, and worldwide.

Federated Hermes (NYSE: FHI) reported record Q3 2024 results with total assets under management reaching $800.5 billion, up 12% year-over-year. The company achieved earnings per share of $1.06, compared to $0.86 in Q3 2023, with net income of $87.5 million. Money market assets hit a record $593.0 billion, while fixed-income assets reached a record $100.2 billion. The board declared a $0.31 per share dividend and authorized a new 5-million share repurchase program. Revenue increased by $5.8 million or 1% year-over-year, primarily driven by higher average money market assets.

Federated Hermes, Inc. (NYSE: FHI) has announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of Sept. 30, 2024, is now available on their website. Interested parties can access this information in the Products section of FederatedHermes.com/us.

For those preferring hard copies or to be added to a mailing list, contact options are provided. Federated Hermes, Inc. is described as a global leader in active, responsible investment management, with $782.7 billion in assets under management as of June 30, 2024. The company offers a range of investment solutions across various asset classes and strategies to over 10,000 institutions and intermediaries worldwide.

Headquartered in Pittsburgh, Federated Hermes employs more than 2,000 people globally, with offices in London, New York, Boston, and other locations worldwide.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced the final results of its tender offer. Due to oversubscription, the fund will purchase 32% of its issued and outstanding common shares on a pro rata basis. The purchase price is set at $12.67 per common share, which is 99% of the net asset value per common share as of October 11, 2024.

A total of 4,988,295 common shares were properly tendered, and the fund accepted 3,679,390 shares for payment. The proration factor is 0.7376799. Federated Hermes, Inc. (NYSE: FHI), the parent company, is a global leader in active, responsible investment management with $782.7 billion in assets under management as of June 30, 2024.

Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced the expiration of its tender offer for 3,679,390 common shares, representing about 32% of outstanding shares. The offer, which closed on Oct. 11, 2024, was oversubscribed with 4,988,295 shares tendered. Due to oversubscription, purchases will be made on a pro-rata basis at 99% of the NAV per share, equaling $12.67 per share.

Federated Hermes, Inc. (NYSE: FHI), the parent company, is a global investment management firm with $782.7 billion in assets under management as of June 30, 2024. The company offers various investment strategies to over 10,000 institutions and intermediaries worldwide, employing more than 2,000 people globally.