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) reported record assets under management of $782.7 billion for Q2 2024, up 11% from the previous year. Money market assets reached a record $586.6 billion. The company reported earnings per diluted share of $0.20, including a ($0.76) per share non-cash intangible asset impairment charge. Total revenue decreased by 7% year-over-year, primarily due to a decrease in carried interest and lower average equity assets, partially offset by higher average money market assets. The board declared a dividend of $0.31 per share. Despite challenges in equity and alternative/private markets assets, fixed-income assets grew by 9% year-over-year.
Federated Hermes (NYSE: FHI) has released the June 30, 2024 monthly fund composition and performance data for its Premier Municipal Income Fund (NYSE: FMN). This information is now accessible in the Products section of FederatedHermes.com/us. Investors can obtain hard copies or join a mailing list by contacting the company.
Federated Hermes is a global leader in active, responsible investment management with $778.7 billion in assets under management as of March 31, 2024. The company offers a wide range of investment solutions across various asset classes to over 10,000 institutions and intermediaries worldwide. With headquarters in Pittsburgh, Federated Hermes employs more than 2,000 people globally.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a tax-free dividend of $0.0380 per share. The record and ex-dividend date is July 23, 2024, with payment scheduled on August 1, 2024. This dividend is exempt from regular federal income tax and the federal alternative minimum tax (AMT). Federated Hermes, a global leader in active investment management with $778.7 billion in assets under management as of March 31, 2024, manages the fund. The firm offers diverse investment strategies to over 10,000 institutions worldwide, with headquarters in Pittsburgh and offices globally.
Federated Hermes (NYSE: FHI) will report its financial and operating results for Q2 2024 on July 25, 2024, after market hours. A conference call for investors and analysts will follow on July 26, 2024, at 9 a.m. Eastern, hosted by President and CEO J. Christopher Donahue and CFO Thomas R. Donahue. Investors can join the call via phone or through the Federated Hermes website. The company manages $778.7 billion in assets as of March 31, 2024, offering diverse investment solutions across equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to over 10,000 global clients. The company is headquartered in Pittsburgh with over 2,000 employees worldwide.
Federated Hermes announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of May 31, 2024, is now available on their website.
Federated Hermes manages $778.7 billion in assets as of March 31, 2024.
The company provides various investment solutions and serves more than 10,000 institutions globally.
They have over 2,000 employees and several offices worldwide, including in London, New York, and Boston.
For more information, visit their website or contact them via phone or email.
The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has scheduled its annual shareholders meeting for November 8, 2024. This announcement was made by Federated Hermes, a global leader in active and responsible investment management, with assets under management totaling $778.7 billion as of March 31, 2024. The company, headquartered in Pittsburgh, offers equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to over 10,000 institutions worldwide. Federated Hermes employs more than 2,000 people across its various offices, including locations in London, New York, and Boston. For further details, visit FederatedHermes.com/us.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) declared a dividend of $0.0380 per share, reflecting a $0.0030 increase from the previous month. The dividend is exempt from federal income tax and federal alternative minimum tax (AMT). The record date is June 21, 2024, and the payable date is July 1, 2024. The increase is attributed to higher portfolio income from reinvestment at higher market yields and stabilized financing costs, as the Federal Reserve has held interest rates steady since July 2023. Federated Hermes, a global leader in investment management, manages $778.7 billion in assets as of March 31, 2024, and offers various investment solutions to over 10,000 institutions worldwide.
Federated Hermes, a global leader in active investment management, announced the release of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of April 30, 2024. This data is accessible on the company's website. Federated Hermes manages $778.7 billion in assets and offers various investment solutions. Headquartered in Pittsburgh, it employs over 2,000 people globally.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend to provide investors with current dividend income exempt from regular federal income tax and the federal alternative minimum tax (AMT). The dividend per share amount has changed from the previous month. Investors can access additional portfolio information on FederatedHermes.com/us.
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